LINDE PLC - 1H - Technical analysis published on 09/23/2020 (GMT)
- 245
- 0
- Who voted?
I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
50%
22%
28%
My opinion
Bearish under 243.31 USD
My targets
234.87 USD (-1.41%)
223.55 USD (-6.16%)
My analysis
LINDE PLC ORDINARY SHARE 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 243.31 USD. The next support located at 234.87 USD 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 223.55 USD. Below this support, sellers could then target 184.26 USD. 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 are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
5.2
Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.
This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The LINDE PLC ORDINARY SHARE rating is 238.22 USD. On the day, this instrument gained +0.00% with the lowest point at 236.61 USD and the highest point at 238.37 USD. The deviation from the price is +0.68% for the low point and -0.06% for the high point.236.61
238.37
238.22
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of LINDE PLC ORDINARY SHARE indicates that the overall trend is strongly bearish. 92.86% 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 market scanner currently does not detect any result that concerns moving averages.
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
Price is back under the pivot point
Type : Bearish
Timeframe : 1 hour
Williams %R indicator is back under -50
Type : Bearish
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 184.26 | 223.55 | 234.87 | 238.22 | 243.31 | 250.68 | 254.21 |
| Change (%) | -22.65% | -6.16% | -1.41% | - | +2.14% | +5.23% | +6.71% |
| Change | -53.96 | -14.67 | -3.35 | - | +5.09 | +12.46 | +15.99 |
| Level | Intermediate | Major | Intermediate | - | Major | Intermediate | Major |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 234.20 | 235.19 | 236.71 | 237.69 | 239.21 | 240.20 | 241.72 |
| Camarilla | 237.54 | 237.77 | 238.00 | 238.23 | 238.46 | 238.69 | 238.92 |
| Woodie | 234.47 | 235.32 | 236.98 | 237.83 | 239.48 | 240.33 | 241.99 |
| Fibonacci | 235.19 | 236.14 | 236.74 | 237.69 | 238.65 | 239.24 | 240.20 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 233.80 | 239.52 | 242.81 | 248.54 | 251.83 | 257.55 | 260.84 |
| Camarilla | 243.62 | 244.45 | 245.27 | 246.10 | 246.93 | 247.75 | 248.58 |
| Woodie | 232.58 | 238.91 | 241.59 | 247.93 | 250.61 | 256.94 | 259.62 |
| Fibonacci | 239.52 | 242.97 | 245.10 | 248.54 | 251.98 | 254.11 | 257.55 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 227.03 | 233.18 | 240.99 | 247.14 | 254.95 | 261.10 | 268.90 |
| Camarilla | 244.96 | 246.24 | 247.52 | 248.80 | 250.08 | 251.36 | 252.64 |
| Woodie | 227.86 | 233.60 | 241.82 | 247.55 | 255.78 | 261.51 | 269.73 |
| Fibonacci | 233.18 | 238.52 | 241.81 | 247.14 | 252.47 | 255.77 | 261.10 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 35.12 | |
| MACD (12,26,9): | -2.6000 | |
| Directional Movement: | -16.00 | |
| AROON (14): | -7.14 | |
| DEMA (21): | 235.92 | |
| Parabolic SAR (0,02-0,02-0,2): | 239.63 | |
| Elder Ray (13): | -1.20 | |
| Super Trend (3,10): | 241.90 | |
| Zig ZAG (10): | 237.54 | |
| VORTEX (21): | 0.8300 | |
| Stochastique (14,3,5): | 60.06 | |
| TEMA (21): | 235.53 | |
| Williams %R (14): | -29.04 | |
| Chande Momentum Oscillator (20): | 1.83 | |
| Repulse (5,40,3): | 0.1500 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.1800 | |
| Courbe Coppock: | 3.44 |
| MA7: | 244.24 | |
| MA20: | 248.52 | |
| MA50: | 245.95 | |
| MA100: | 224.40 | |
| MAexp7: | 237.36 | |
| MAexp20: | 239.50 | |
| MAexp50: | 243.64 | |
| MAexp100: | 246.18 | |
| Price / MA7: | -2.46% | |
| Price / MA20: | -4.14% | |
| Price / MA50: | -3.14% | |
| Price / MA100: | +6.16% | |
| Price / MAexp7: | +0.36% | |
| Price / MAexp20: | -0.53% | |
| Price / MAexp50: | -2.22% | |
| Price / MAexp100: | -3.23% |
Quotes :
2020-09-23 15:13:13
-
15 min delayed data
-
NYSE Stocks
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
Add a comment
Comments
0 comments on the analysis LINDE PLC - 1H