Technical analysis from Greggs (GRG.L.L, LON:GRG.L) on the London Stock Exchange (LSE). Download the latest price data & trading signals

Greggs
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Potential initiation of a trend reversal (Bullish) for Greggs
Commodity Channel Index /
Potential initiation of a trend reversal (Bullish) for Greggs

[BULLISH CROSSOVER]: Greggs current price has driven Commodity Channel Index to become oversold signalling the start of bullish trading conditions. Currently, the CCI is -171.0000. During the quarter, the lowest CCI value was -171. The last oversold signal occurred on Mar 8 2018

Recent trading for GRG has beaten the previous volume high by 9.9 [Uptrend]
Volume /
Recent trading for GRG has beaten the previous volume high by 9.9 [Uptrend]

[BULLISH]: Greggs current volume uptrend in the first timeframe. Volume for GRG is447391 (9.9).

Opening Price /
Greggs opening price of $1220.0000 (-0.7 %)

[BEARISH]: Greggs opening price has gapped down. Currently, the OPEN is $1220.0000 (-0.7 %).

Stochastic Oscillator /
Stochastic Oversold signal is still current for Greggs [Bullish]

GRG: Stochastic Oscillator Signal -> (1) 24 Apr: BULLISH (2) 23 Apr: BEARISH CROSSUNDER (3) 24 Apr: BEARISH

Daily Volume Index /
Recent trading signals Greggs is being distributed

[BEARISH]: Greggs current distribution has given weakness to the share price and the continuation of bearish trading conditions. Currently, the DVI is -278.0000.

Percentage Volume /
The current volume for GRG is gaining momentum through a rise on the short term EMA

[BULLISH CROSSOVER]: Greggs currently has positive PVO 3.4000%. The recent volume is gaining momentum through a rise on the short term exponential moving average. Currently, the return on PVO is 0%.

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Close Tod Vs Close Yest /
The biggest upward movement for Greggs this month has been -2.9

[BEARISH]: Greggssellers are keener than buyers and are driving the price down. There has been 2 consecutive days of price decline for GRG adding strength to a downtrend in the first timeframe. The biggest downward movement this month has been -2.9 & the greatest daily negative change this year has been -7.5. The longest consecutive downswing rally over the last 12 months has been 4 days giving a total rally downward movement of -7.5%. This quarter, the largest downswing rally has been 2 days giving a total rally downward movement of -2.9%. The loss ratio for price rise in the first timeframe for the last 12 months is 0.4x giving a total win/loss ratio of 1.2x. Over the last month the average daily downward movement has been -1.300000%

[Short]: Limit orders for Greggs should be set at $1951.0300
Fibonacci Fans /
[Short]: Limit orders for Greggs should be set at $1951.0300

Greggs: The current Fibonacci Fan levels are: (23.61%) $1213.8300: (38.2%) $1226.0900: (50%) $1236.0000: (61.8%) $1245.9100The current support levels are: (78.6%) $1260.0200: (100%) $1278.0000: (138.2%) $1310.0900: (161.8%) $1329.9100: (261.8%) $1413.9100: (423.61%) $1549.8300

Greggs: Look for a long limit order entry @$1202.2500
Demarks Pivot Points /
Greggs: Look for a long limit order entry @$1202.2500

Greggs has broken the first DeMark resistance point ($1202.2500) [Bullish]. Look for a long limit order entry near this point. Exit price for GRG should be set @$1210.5000 & Stoploss for Greggs should be set at $1180.5000

Simple Moving Average /
Price continues to trade below the Simple Moving Average(5) for GRG

[BULLISH]: Greggs currently has a confirmed uptrend. Recent trading has caused the SMA 5 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on SMA5 is -2.0%.

Medium Trend /
Greggs has maintained the 2nd timeframe trend [Uptrend]

[BULLISH]: Greggs is in an uptrend in the medium term timeframe. The current rally number is 3 & the highest rally count for the LTM is 33. The highest rally for the month is 17

Black Candle /
GRG Basic Candle: Black

[BEARISH]: Greggs has formed a Black candlestick. Normal selling pressure highlighting sellers were in control.

Greggs: Range Performance (130.8)
Range Tod Vs Range Yest /
Greggs: Range Performance (130.8)

GRG: Range today versus range yesterday Current Signal ->(1) 24 Apr: BULLISH (2) 23 Apr: BEARISH (3) 24 Apr: BEARISH

Momentum continues to reduce for Greggs signalling a short term downtrend is likely
Momentum /
Momentum continues to reduce for Greggs signalling a short term downtrend is likely

[BEARISH]: Greggs currently has negative momentum of -52.0000 This means the current price is less than the price 5 days ago and therefore losing momentum. Currently, the return on momentum is -2.0000%.The largest downward momentum rally for the last 3 months is 2 days producing a return of -2.4%%.

Elder Ray Index /
Selling pressure for GRG highlights ability of sellers to drive the price downwards

[BEARISH]: GreggsElder Ray Index is signalling a Bearish movementERI is -37.7070 indicating bear power. Prices are being driven below the consensus of value for GRG during the last trading session [Selling Pressure]

Percentage Price /
Greggs: Price Percentage Oscillator Crossover

[BEARISH CROSSOVER]: Greggs currently has negative PPO -0.1000%. This means the current price is losing momentum through a fall on the short term exponential moving average.

Open Tod Vs Close Tod /
Open/close reversal confirmed for Greggs signalling the sellers were in control all day

[BEARISH STRONG]: Greggs opened in the upper part of daily range at 86.700000000000000% & closed in the lower part of the trading range at 10.000000000000000%. This suggests the sellers were in control all day. Over the last 12 months there has been 49 trading days with the opening price in the upper shadow & the closing the price in the lower shadow giving a confirmation ratio of 18.6%. Over the last month there has been 4 trading days with the opening price in the lower upper range & the closing the price in the lower price range giving a confirmation ratio of 23.5%.

William %R oversold signal continues for Greggs indicating upward price movement is likely
Williams %R /
William %R oversold signal continues for Greggs indicating upward price movement is likely

[BEARISH]: Greggs is currently Overbought highlighting the potential for a short term trend reversal in the downward direction.

Volume MACD oscillator remains positive for GRG
MACD Volume /
Volume MACD oscillator remains positive for GRG

[BULLISH]: Greggs currently has positive Volume MACD of 27482.0000. This means the signal line is greater than the Volume MACD line signalling a bullish movement.

Price continues to trade below the Exponential Moving Average(5) for GRG
Exponential Moving Average /
Price continues to trade below the Exponential Moving Average(5) for GRG

GRG: EMA(5) Current Signal -> (1) 24 Apr: BULLISH (2) 23 Apr: BULLISH CROSSOVER (3) 24 Apr: BEARISH

Fibonacci Extensions /
[Short]: Limit orders for Greggs should be set at $929.0600

Greggs has moved above the 161.8% level ($929.0600) [Bearish]. Look for a short limit order entry near this point. Exit price for GRG should be set @$981.5600 & short position stoploss for Greggs should be set at $876.5600

Pivot Points /
Greggs has moved below the S1 pivot point ($1186.0000) [Bearish]

Greggs current pivot point is: 1205.0000. The current resistance levels are: (R1) $1216.0000: (R2) $1235.0000: (R3) $1246.0000: The current support levels are: (S1) $1186.0000: (S2) $1175.0000: (S3) $1156.0000

Ulcer Index /
Ulcer index has reduced in stress level for Greggs & low drawdown is expected

[BEARISH]: Greggs UIX index implies that the downside risk of the current trading price is low. Currently, the UIX is 2.3620.

Aroon Oscillator /
Aroon oscillator for Greggs has signalled a strong uptrend is active

[BULLISH]: Greggs has a current ARU(25) of 80.0000 and a current ARD(25) of 12.0000

Price was easily moved downward in recent trading on low volume causing an downtrend in price for GRG
Ease of Movement /
Price was easily moved downward in recent trading on low volume causing an downtrend in price for GRG

GRG: EOM Recent Trading -> (1) 24 Apr: -110641.4750 (2) 23 Apr: -27134.3430 (3) 24 Apr: 413.8110

Greggs: Daily closing price is $1197.0000 [Bearish]
Closing Price /
Greggs: Daily closing price is $1197.0000 [Bearish]

GRG: CLOSE Current Signal -> (1) 24 Apr: BEARISH (2) 23 Apr: BEARISH (3) 20 Apr: BULLISH

Bollinger Bands /
Initiation of BB oversold signal for Greggs [Bullish Crossover]

[BULLISH CROSSOVER]: Greggs has initiated an oversold signal, highlighting the potential for a short term trend reversal in the upward direction. The current level is -6.7500% with a current width of 5.6400.

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