BUNZL ORD 32 1/7P - Daily - Technical analysis published on 10/09/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
17%
50%
33%
My opinion
Bearish under 2,060.9 GBX
My targets
1,940.7 GBX (-3.50%)
1,674.8 GBX (-16.72%)
My analysis
BUNZL ORD 32 1/7P is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 2,060.9 GBX. The next support located at 1,940.7 GBX is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 1,674.8 GBX. Below this support, sellers could then target 725.8 GBX. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.
FORCE
0
10
6.8
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The BUNZL ORD 32 1/7P rating is 2,011.0 GBX. The price registered an increase of +0.10% on the session with the lowest point at 2,003.0 GBX and the highest point at 2,012.0 GBX. The deviation from the price is +0.40% for the low point and -0.05% for the high point.2,003.0
2,012.0
2,011.0
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of BUNZL ORD 32 1/7P indicates that the overall trend is strongly bearish. 89.29% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, only 9 technical indicators out of 18 studied are currently positioned bearish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Support of channel is broken
Type : Bearish
Timeframe : Daily
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 725.8 | 1,674.8 | 1,940.7 | 2,011.0 | 2,060.9 | 2,185.0 | 2,346.2 |
| Change (%) | -63.91% | -16.72% | -3.50% | - | +2.48% | +8.65% | +16.67% |
| Change | -1,285.2 | -336.2 | -70.3 | - | +49.9 | +174.0 | +335.2 |
| Level | Minor | Intermediate | Major | - | Major | Major | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,959.0 | 1,979.0 | 1,999.0 | 2,019.0 | 2,039.0 | 2,059.0 | 2,079.0 |
| Camarilla | 2,008.0 | 2,011.7 | 2,015.3 | 2,019.0 | 2,022.7 | 2,026.3 | 2,030.0 |
| Woodie | 1,959.0 | 1,979.0 | 1,999.0 | 2,019.0 | 2,039.0 | 2,059.0 | 2,079.0 |
| Fibonacci | 1,984.3 | 1,995.4 | 2,002.3 | 2,013.3 | 2,024.4 | 2,031.3 | 2,042.3 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,765.3 | 1,873.7 | 1,943.3 | 2,051.7 | 2,121.3 | 2,229.7 | 2,299.3 |
| Camarilla | 1,964.1 | 1,980.4 | 1,996.7 | 2,013.0 | 2,029.3 | 2,045.6 | 2,062.0 |
| Woodie | 1,746.0 | 1,864.0 | 1,924.0 | 2,042.0 | 2,102.0 | 2,220.0 | 2,280.0 |
| Fibonacci | 1,873.7 | 1,941.7 | 1,983.7 | 2,051.7 | 2,119.7 | 2,161.7 | 2,229.7 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,862.7 | 1,936.3 | 2,030.7 | 2,104.3 | 2,198.7 | 2,272.3 | 2,366.7 |
| Camarilla | 2,078.8 | 2,094.2 | 2,109.6 | 2,125.0 | 2,140.4 | 2,155.8 | 2,171.2 |
| Woodie | 1,873.0 | 1,941.5 | 2,041.0 | 2,109.5 | 2,209.0 | 2,277.5 | 2,377.0 |
| Fibonacci | 1,936.3 | 2,000.5 | 2,040.2 | 2,104.3 | 2,168.5 | 2,208.2 | 2,272.3 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 38.50 | |
| MACD (12,26,9): | -15.3000 | |
| Directional Movement: | -9.7 | |
| AROON (14): | -21.5 | |
| DEMA (21): | 2,050.8 | |
| Parabolic SAR (0,02-0,02-0,2): | 2,137.4 | |
| Elder Ray (13): | -41.1 | |
| Super Trend (3,10): | 2,144.0 | |
| Zig ZAG (10): | 2,003.0 | |
| VORTEX (21): | 0.9000 | |
| Stochastique (14,3,5): | 15.90 | |
| TEMA (21): | 2,026.4 | |
| Williams %R (14): | -88.20 | |
| Chande Momentum Oscillator (20): | -69.0 | |
| Repulse (5,40,3): | -1.5000 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 6.70 |
| MA7: | 2,031.3 | |
| MA20: | 2,085.7 | |
| MA50: | 2,074.7 | |
| MA100: | 2,103.6 | |
| MAexp7: | 2,030.5 | |
| MAexp20: | 2,065.7 | |
| MAexp50: | 2,083.7 | |
| MAexp100: | 2,121.9 | |
| Price / MA7: | -1.00% | |
| Price / MA20: | -3.58% | |
| Price / MA50: | -3.07% | |
| Price / MA100: | -4.40% | |
| Price / MAexp7: | -0.96% | |
| Price / MAexp20: | -2.65% | |
| Price / MAexp50: | -3.49% | |
| Price / MAexp100: | -5.23% |
This member declared not having a position on this financial instrument or a related financial instrument.
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