sharecast

{{ storiesRelated.title }}

3i Group (III)

1,071.50p

15:34 14/10/19

  • -1.97% -21.50p
  • Today's Low & High
  • 1,071.00 / 1,095.00
  • Open / Previous Close
  • 1,095.00 / 1,092.50
  • 52-week range
  • 25.59% 218.20p
  • Volume
  • 596,891
  • Market Cap(million)
  • £10,426.13m

1,071.50p REAL TIME BATS

  • 16:30 14/10/19
  • -1.56%
  • -17.00p

Technical Analysis

Support and resistance levels

S1

10.61
0.00%

R1

11.05
4.00%

S2

10.25
-3.00%

R2

11.65
10.00%

Technical comment

Short term
Medium term
Long term

Pivot Points

  • Levels of negotiation support
  • 10.52
  • 10.37
  • Levels of negotiation support resistance
  • 10.76
  • 10.85

Technical situation

The retracement has exceeded the previous bullish movement's origin / Critical support at 10.61.

Recommendation

Short term comment

Falls from the last highs marked at 11.65 heavily press the mid/long-term profile -which is still neutral-bullish- for the price. Short-term bias is therefore neutral-bearish with a first support level at 10.61 whose loss would confirm a definite turn downwards. Only by going above 11.05 Would allow for a reduction of bearish pressure.

Long term comment

From some months ago, long-term scenario remains bullish. However, it must be considered that, since the last highs, it's showing certain exhaustion in this trend, which should stand for extreme caution in spite of a downwards turn.

Indicator Previous Current Signal Comment
RSI 7 32.39 28.98 The RSI 7 doesn't show any sign of overbuy/oversell.
RSI 14 39.98 37.83 The RSI 14 doesn't show any sign of overbuy/oversell.
RSI 21 43.13 41.49 The RSI 21 doesn't show any sign of overbuy/oversell.
RSI 50 48.48 47.58 The RSI 50 doesn't show any sign of overbuy/oversell.
RSI 200 52.32 52.03 The RSI 200 doesn't show any sign of overbuy/oversell.
Fast Stochastic n/a n/a Heavy exhaustion of the bearish movement, however with no turning signal yet.
Slow Stochastic n/a n/a Heavy exhaustion of the bearish movement, however with no turning signal yet.
Simple Moving Average 7 10.96 10.81
Simple Moving Average 21 11.17 11.13
Simple Moving Average 50 11.06 11.05 Indefinite mid-term trend.
Simple Moving Average 200 10.22 10.24 Indefinite long-term trend.
Exponential Moving Average 7 10.94 10.86
Exponential Moving Average 21 11.10 11.05
Exponential Moving Average 50 11.10 11.05 Indefinite mid-term trend.
Exponential Moving Average 200 11.10 11.05 Indefinite long-term trend.
MACD Line -0.07 -0.10 Price following bullish trend.
MACD Signal 0.01 -0.02 Price following bullish trend.
Bollinger 95 n/a n/a
Bollinger 99 n/a n/a
Double Exponential Moving Average 7 11.17 11.08
Double Exponential Moving Average 21 11.17 11.17
Double Exponential Moving Average 50 11.17 11.17
Double Exponential Moving Average 200 11.17 11.17 Indefinite long-term trend.
Divergences n/a n/a NO
On Balance Vol. -390,847.54 -490,218.85 OBV is bearish.
Momentum 7 -0.94 -0.27 High falling speed, though not extreme, in very short terms.
Momentum 7 -0.38 -0.56 Strong, though not extreme, falling speed in the short term.
% K Williams 90.70 97.71 Oversold, would favour a bullish turn.
Priority Date Notification
14/10/2019 Bullish signal from fast stochastic. Previous close points the chance of rebounds after a recent negative move.
26/09/2019 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
26/09/2019 It's now close and below the short/mid-term Moving Average, therefore it could drift downwards, but if it breaks above the MA would revert the signal
26/09/2019 It's now close and above the mid-term Moving Average, therefore it could move upwards, but if it breaks below the MA would revert the signal
25/09/2019 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
25/09/2019 It's now close and above the mid-term Moving Average, therefore it could move upwards, but if it breaks below the MA would revert the signal
24/09/2019 It's close to the mid-term moving average, which could turn into an overbuying situation and rise the risk of falls
23/09/2019 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
23/09/2019 It's now close and below the short/mid-term Moving Average, therefore it could drift downwards, but if it breaks above the MA would revert the signal
20/09/2019 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
20/09/2019 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