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Fresnillo (FRES)

1,185.50p

16:08 25/09/20

  • -0.38% -4.50p
  • Today's Low & High
  • 1,172.00 / 1,228.50
  • Open / Previous Close
  • 1,202.00 / 1,185.50
  • 52-week range
  • 60.81% 448.30p
  • Volume
  • 1,364,475
  • Market Cap(million)
  • £8,735.88m

1,187.50p REAL TIME BATS

  • 16:30 25/09/20
  • 0.55%
  • 6.50p

Technical Analysis

Support and resistance levels

S1

1,045.18
-11.84%

R1

1,216.48
2.61%

S2

1,082.33
-8.70%

R2

1,421.33
19.89%

Technical comment

Short term
Medium term
Long term

Pivot Points

  • Levels of negotiation support
  • 1,162.17
  • 1,138.83
  • Levels of negotiation support resistance
  • 1,218.67
  • 1,251.83

Technical situation

Neutral technical scenario with 1045.179 - 1216.476 range.

Recommendation

Short term comment

The rating of the price neutral-bullish trading in a range of slow movement with a near top at 1216.476 and base in the 1045.179 area. Prices outside the range delimited by these levels would indicate the direction of the trend.

Long term comment

The price has a strong volatility in the structure of long-term prices. In this sense, it showed a bullish trend from 536.725 to 788.689, (26-february-2020/28-april-2020) which was corrected not only in its entirety, but also marked new lows at 456.445 (13-may-2020) . After that, the new bullish phase advanced 202.2%, surpassing the previous high in 788.689.

Indicator Previous Current Signal Comment
RSI 7 29.70 29.00 The RSI does not warn of overbought or oversold.
RSI 14 40.90 40.40 The RSI does not warn of overbought or oversold.
RSI 21 46.50 46.20 The RSI does not warn of overbought or oversold.
RSI 50 54.30 54.10 The RSI does not warn of overbought or oversold.
RSI 200 54.40 54.40 The RSI does not warn of overbought or oversold.
Fast Stochastic n/a n/a Sign of significant bearish exhaustion but no turn signal.
Slow Stochastic n/a n/a Sign of significant bearish exhaustion but no turn signal.
Simple Moving Average 7 1,269.50 1,252.43 Very short term trend extremely bearish.
Simple Moving Average 21 1,284.02 1,280.83 Bearish trend in the short-medium term.
Simple Moving Average 50 1,249.24 1,252.07 Bullish in the medium term.
Simple Moving Average 200 839.07 842.22 Extremely bullish in the long-term trend.
Exponential Moving Average 7 1,253.49 1,236.49 Trend in the very short term bearish.
Exponential Moving Average 21 1,270.20 1,262.50 Bearish trend in the short-medium term.
Exponential Moving Average 50 1,205.87 1,205.07 Lack of medium term trend.
Exponential Moving Average 200 939.49 941.94 Long-term bullish.
MACD Line 21.00 26.00 Price in uptrend.
MACD Signal 28.70 31.20 Price in uptrend.
Bollinger 95 n/a n/a
Bollinger 99 n/a n/a
Double Exponential Moving Average 7 1,253.49 1,236.49 Trend in the very short term bearish.
Double Exponential Moving Average 21 1,270.20 1,262.50 Bearish trend in the short-medium term.
Double Exponential Moving Average 50 1,205.87 1,205.07 Lack of medium term trend.
Double Exponential Moving Average 200 939.49 941.94 Long-term bullish.
Divergences n/a n/a NO
On Balance Vol. 106,637,548.00 105,273,073.00 OBV supports recoveries.
Momentum 7 -115.00 -94.50 Short term fall speed is extremely fast.
Momentum 7 -129.00 -113.50 Short term fall speed is extremely fast.
% K Williams 82.10 84.00 Oversold, would support a bullish turn.
Priority Date Notification
28/09/2020 Bullish fast stochastic signal. The previous close indicates the possibility of renewed bullish momentum after a recent negative phase.
28/09/2020 The price is close to a resistance level so it is recommended to monitor behavior when reaching it.
25/09/2020 Being near (below) the short-term moving average may lead to a decline, although if it breaks above the level the signal would be reversed to bullish.
25/09/2020 Bullish fast stochastic signal. The previous close indicates the possibility of renewed bullish momentum after a recent negative phase.
25/09/2020 The price is close to a resistance level so it is recommended to monitor behavior when reaching it.
24/09/2020 Being near (below) the short-term moving average may lead to a decline, although if it breaks above the level the signal would be reversed to bullish.
24/09/2020 Bullish fast stochastic signal. The previous close indicates the possibility of renewed bullish momentum after a recent negative phase.
24/09/2020 Price in resistance area. Breaking it would be a positive signal, but consider the possibility of noise (false breaks) around the level.
23/09/2020 Being near (below) the short-term moving average may react at least temporarily to the downside, but if it breaks above the level the signal would be reversed to bullish.
23/09/2020 A price above the moving average indicates an upward trend. Consequently, if the price is dragged below, it would change to bearish.
23/09/2020 Being near (below) the short-term moving average may react at least temporarily to the downside, but if it breaks above the level the signal would be reversed to bullish.