NYSE:DEO - New York Stock Exchange, Inc. - US25243Q2057 - ADR - Currency: USD
Overall DEO gets a technical rating of 0 out of 10. DEO scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
Although the technical rating is bad, DEO does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 109.83. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 109.00, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for DEO in the last couple of days, which is a good sign.
105.36
We found 1 important support area.
When analyzing the resistance we notice 4 important areas.
109.15
+0.33 (+0.3%)