Londinia Opportunities Analyses - 11/18/2024 (GMT) BIG YELLOW GRP. ORD 10P - 1H
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GBX
(-)
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15 min delayed data - London Stock Exchange
| Type: | Stocks |
| Ticker: | BYG |
| ISIN: | GB0002869419 |
I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
- Europe Stocks
- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
6%
67%
28%
My opinion
Bearish under 1,180 GBX
My targets
1,150 GBX (-1.54%)
1,065 GBX (-8.82%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on BIG YELLOW GRP. ORD 10P as long as the price remains well below 1,180 GBX. The sellers' bearish objective is set at 1,150 GBX. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 1,065 GBX. In case of crossing, the next objective would be the support located at 984 GBX. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
Force
0
10
8
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Additional analysis
Quotes
BIG YELLOW GRP. ORD 10P rating 1,168 GBX. The price registered a decrease of -0.51% on the session and was between 1,158 GBX and 1,202 GBX. This implies that the price is at +0.86% from its lowest and at -2.83% from its highest.1,158
1,202
1,168
The Central Gaps scanner detects the formation of a bullish gap marking the strong presence of buyers against sellers at the opening. This formed a quotation gap.
Opening Gap UP
Type : Bullish
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 BIG YELLOW GRP. ORD 10P 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.
Technical indicators are bearish. There is still some doubt about the decline in the price.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1,065 | 1,150 | 1,166 | 1,168 | 1,180 | 1,216 | 1,226 |
| Change (%) | -8.82% | -1.54% | -0.17% | - | +1.03% | +4.11% | +4.97% |
| Change | -103 | -18 | -2 | - | +12 | +48 | +58 |
| Level | Major | Minor | Major | - | Minor | Major | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,151 | 1,159 | 1,167 | 1,175 | 1,183 | 1,191 | 1,199 |
| Camarilla | 1,170 | 1,171 | 1,173 | 1,174 | 1,175 | 1,177 | 1,178 |
| Woodie | 1,150 | 1,159 | 1,166 | 1,175 | 1,182 | 1,191 | 1,198 |
| Fibonacci | 1,159 | 1,165 | 1,169 | 1,175 | 1,181 | 1,185 | 1,191 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,078 | 1,114 | 1,144 | 1,180 | 1,210 | 1,246 | 1,276 |
| Camarilla | 1,156 | 1,162 | 1,168 | 1,174 | 1,180 | 1,186 | 1,192 |
| Woodie | 1,075 | 1,113 | 1,141 | 1,179 | 1,207 | 1,245 | 1,273 |
| Fibonacci | 1,114 | 1,139 | 1,155 | 1,180 | 1,205 | 1,221 | 1,246 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,049 | 1,115 | 1,161 | 1,227 | 1,273 | 1,339 | 1,385 |
| Camarilla | 1,177 | 1,187 | 1,198 | 1,208 | 1,218 | 1,229 | 1,239 |
| Woodie | 1,040 | 1,110 | 1,152 | 1,222 | 1,264 | 1,334 | 1,376 |
| Fibonacci | 1,115 | 1,157 | 1,184 | 1,227 | 1,269 | 1,296 | 1,339 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 38.00 | |
| MACD (12,26,9): | -3.0000 | |
| Directional Movement: | 12 | |
| AROON (14): | -7 | |
| DEMA (21): | 1,168 | |
| Parabolic SAR (0,02-0,02-0,2): | 1,201 | |
| Elder Ray (13): | -7 | |
| Super Trend (3,10): | 1,189 | |
| Zig ZAG (10): | 1,164 | |
| VORTEX (21): | 1.0000 | |
| Stochastique (14,3,5): | 12.00 | |
| TEMA (21): | 1,168 | |
| Williams %R (14): | -86.00 | |
| Chande Momentum Oscillator (20): | -16 | |
| Repulse (5,40,3): | -1.0000 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 1.00 |
| MA7: | 1,184 | |
| MA20: | 1,196 | |
| MA50: | 1,236 | |
| MA100: | 1,226 | |
| MAexp7: | 1,168 | |
| MAexp20: | 1,172 | |
| MAexp50: | 1,179 | |
| MAexp100: | 1,188 | |
| Price / MA7: | -1.35% | |
| Price / MA20: | -2.34% | |
| Price / MA50: | -5.50% | |
| Price / MA100: | -4.73% | |
| Price / MAexp7: | -0% | |
| Price / MAexp20: | -0.34% | |
| Price / MAexp50: | -0.93% | |
| Price / MAexp100: | -1.68% |
Quotes :
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15 min delayed data
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London Stock Exchange
News
The last news published on BIG YELLOW GRP. ORD 10P at the time of the generation of this analysis was as follows:
Big Yellow Group