Diageo (NYSE:DEO) Downward Trend

Diageo (NYSE:DEO) Downward Trend

Diageo (NYSE:DEO) Downward Trend

Overall, the bias in prices is: Downwards.

Short term: Prices are moving.

Intermediate term: Prices are trending.

Note: this chart shows extraordinary price action to the downside.

By the way, prices are vulnerable to a correction towards 106.42.

The projected upper bound is: 104.30.

The projected lower bound is: 98.87.

The projected closing price is: 101.58.

deo-n

Candlesticks

A white body occurred (because prices closed higher than they opened).
During the past 10 bars, there have been 6 white candles and 4 black candles for a net of 2 white candles. During the past 50 bars, there have been 22 white candles and 28 black candles for a net of 6 black candles.

Momentum Indicators

Momentum is a general term used to describe the speed at which prices move over a given time period. Generally, changes in momentum tend to lead to changes in prices. This expert shows the current values of four popular momentum indicators.

Stochastic Oscillator

One method of interpreting the Stochastic Oscillator is looking for overbought areas (above 80) and oversold areas (below 20). The Stochastic Oscillator is 59.8776. This is not an overbought or oversold reading. The last signal was a buy 7 period(s) ago.

Relative Strength Index (RSI)

The RSI shows overbought (above 70) and oversold (below 30) areas. The current value of the RSI is 37.31. This is not a topping or bottoming area. A buy or sell signal is generated when the RSI moves out of an overbought/oversold area. The last signal was a buy 1 period(s) ago.

Commodity Channel Index (CCI)

The CCI shows overbought (above 100) and oversold (below -100) areas. The current value of the CCI is -16. This is not a topping or bottoming area. The last signal was a buy 7 period(s) ago.

MACD

The Moving Average Convergence/Divergence indicator (MACD) gives signals when it crosses its 9 period signal line. The last signal was a buy 4 period(s) ago.

Rex Takasugi – TD Profile

DIAGEO PLC closed down -0.040 at 101.800. Volume was 76% above average (neutral) and Bollinger Bands were 16% wider than normal.

Open High Low Close Volume___
101.250 101.910 100.860 101.800 182,716

Technical Outlook
Short Term: Neutral
Intermediate Term: Bearish
Long Term: Bearish

Moving Averages: 10-period 50-period 200-period
Close: 101.33 108.40 109.46
Volatility: 15 16 21
Volume: 136,614 114,904 118,910

Short-term traders should pay closer attention to buy/sell arrows while intermediate/long-term traders should place greater emphasis on the Bullish or Bearish trend reflected in the lower ribbon.

Summary
DIAGEO PLC is currently 7.0% below its 200-period moving average and is in an downward trend. Volatility is Our volume indicators reflect moderate flows of volume out of DEO.N (mildly bearish). Our trend forecasting oscillators are currently bearish on DEO.N and have had this outlook for the last 34 periods.

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