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Diageo (DGE)

2,567.00p

15:44 07/08/20

  • -0.31% -8.00p
  • Today's Low & High
  • 2,555.50 / 3,125.10
  • Open / Previous Close
  • 2,577.50 / 2,567.00
  • 52-week range
  • -24.03% -812.00p
  • Volume
  • 2,399,951
  • Market Cap(million)
  • £60,002.57m

3,020.00p REAL TIME BATS

  • 16:35 07/08/20
  • 0.00%
  • 0.00p

Technical Analysis

Support and resistance levels

S1

26.03
-2.00%

R1

27.55
4.00%

S2

25.36
-4.00%

R2

28.01
6.00%

Technical comment

Short term
Medium term
Long term

Pivot Points

  • Levels of negotiation support
  • 26.07
  • 25.52
  • Levels of negotiation support resistance
  • 27.05
  • 27.48

Technical situation

Slight rebounds which don't mean an improvement of short term bearish bias until it goes above 26.66.

Recommendation

Short term comment

Remains a mid-long term neutral-bearish trend, although in the short term the bias is neutral since it set lows at 25.36. Additional rises might still occur, towards 27.55 as long as the price doesn't go below the support at 26.03.

Long term comment

From some months ago, long-term scenario remains bearish. However, it shall be taken in account that since the last lows an exhaustion in the trend is being noticed. Therefore, extreme caution is recommended in spite of an eventual upwards turn.

Indicator Previous Current Signal Comment
RSI 7 36.42 28.75 The RSI 7 doesn't show any sign of overbuy/oversell.
RSI 14 43.86 38.38 The RSI 14 doesn't show any sign of overbuy/oversell.
RSI 21 46.30 42.24 The RSI 21 doesn't show any sign of overbuy/oversell.
RSI 50 48.18 46.36 The RSI 50 doesn't show any sign of overbuy/oversell.
RSI 200 48.66 48.10 The RSI 200 doesn't show any sign of overbuy/oversell.
Fast Stochastic n/a n/a Intermediate zone for the indicator, no exhaustion signal.
Slow Stochastic n/a n/a Intermediate zone for the indicator, no exhaustion signal.
Simple Moving Average 7 28.23 28.04 Very short-term trend is bearish.
Simple Moving Average 21 27.97 27.93
Simple Moving Average 50 27.98 27.93
Simple Moving Average 200 29.05 29.02 Indefinite long-term trend.
Exponential Moving Average 7 28.13 27.72
Exponential Moving Average 21 28.02 27.88
Exponential Moving Average 50 28.02 27.88
Exponential Moving Average 200 28.02 27.88 Indefinite long-term trend.
MACD Line 0.13 -0.01 Price following bullish trend.
MACD Signal 0.14 0.11 Price following bullish trend.
Bollinger 95 n/a n/a
Bollinger 99 n/a n/a
Double Exponential Moving Average 7 28.20 28.16 Very short-term trend is bearish.
Double Exponential Moving Average 21 27.74 27.76
Double Exponential Moving Average 50 27.74 27.76
Double Exponential Moving Average 200 27.74 27.76 Indefinite long-term trend.
Divergences n/a n/a NO
On Balance Vol. 75,489.54 -84,626.48 OBV is bearish.
Momentum 7 -0.56 -1.57 Extremely high falling speed in the very short term.
Momentum 7 -0.50 -1.69 Strong, though not extreme, falling speed in the short term.
% K Williams 77.63 89.29 Oversold, would favour a bullish turn.
Priority Date Notification
04/08/2020 By being close (above) the short-term Moving Average, it could move, if only temporarily, upwards, though the signal would revert to bearish if it should break below the MA
30/07/2020 By being close (below) the short-term Moving Average, it could move, if only temporarily, downwards, though the signal would revert to bullish if it should break above the MA
30/07/2020 Since it's close and above the short/mid-term Moving Average it could move upwards -though it it should break below the MA would revert the signal-
29/07/2020 By being close (below) the short/mid-term Moving Average, it could move on to lower levels, though if it should break above the MA the signal would revert to bullish
28/07/2020 By being close (below) the short-term Moving Average, it could move, if only temporarily, downwards, though the signal would revert to bullish if it should break above the MA
24/07/2020 By being close (below) the short-term Moving Average, it could move, if only temporarily, downwards, though the signal would revert to bullish if it should break above the MA
22/07/2020 By being close (above) the short-term Moving Average, it could move on to higher levels, though if it should break below the MA the signal would revert to bearish
20/07/2020 By being close (above) the short-term Moving Average, it could move on to higher levels, though if it should break below the MA the signal would revert to bearish
16/07/2020 By being close (above) the short-term Moving Average, it could move on to higher levels, though if it should break below the MA the signal would revert to bearish
14/07/2020 By being close (below) the short-term Moving Average, it could move on to lower levels, though if it should break above the MA the signal would revert to bullish
14/07/2020 By being close (above) the short/mid-term Moving Average, it could move on to higher levels, though if it should break below the MA the signal would revert to bearish