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Fresnillo (FRES)

1,087.50p

16:08 15/01/21

  • -2.90% -32.50p
  • Today's Low & High
  • 1,062.50 / 1,128.00
  • Open / Previous Close
  • 1,122.00 / 1,087.50
  • 52-week range
  • 0.00% 1,087.50p
  • Volume
  • 1,219,124
  • Market Cap(million)
  • £8,013.72m

1,087.00p REAL TIME BATS

  • 16:29 15/01/21
  • -2.95%
  • -33.00p

Technical Analysis

Support and resistance levels

S1

961.67
-11.57%

R1

1,144.03
5.20%

S2

830.67
-23.62%

R2

1,188.81
9.32%

Technical comment

Short term
Medium term
Long term

Pivot Points

  • Levels of negotiation support
  • 1,057.33
  • 1,027.17
  • Levels of negotiation support resistance
  • 1,122.83
  • 1,158.17

Technical situation

Short-term bearish scenario as long as it does not exceed 1144.032.

Recommendation

Short term comment

The evolution of prices has been generated by a quantitative movement bearish without any route already very limited would have to enter the 1144.032 to 1188.806 range for a change to a more neutral scenario

Long term comment

The bearish phase that occurs between october and december 2020, going back from levels at 1379.500, to 1008.500, supposes a moderate correction of the previous rise, that went up from 450.157 to 1379.500. The current bullish phase, however, remains below maximal resistive environments at 1379.500. There is no sign of weakness in the rise nor is it in overbought and resistance levels (in the area of 1379.500,).

Indicator Previous Current Signal Comment
RSI 7 32.90 26.40 The RSI does not warn of overbought or oversold.
RSI 14 42.80 38.50 The RSI does not warn of overbought or oversold.
RSI 21 45.30 42.30 The RSI does not warn of overbought or oversold.
RSI 50 48.70 47.40 The RSI does not warn of overbought or oversold.
RSI 200 52.10 51.60 The RSI does not warn of overbought or oversold.
Fast Stochastic n/a n/a Signs of bearish exhaustion with turn signal.
Slow Stochastic n/a n/a Sign of significant bearish exhaustion but no turn signal.
Simple Moving Average 7 1,178.93 1,156.14 Very short term trend extremely bearish.
Simple Moving Average 21 1,164.64 1,163.21 Bearish trend in the short-medium term.
Simple Moving Average 50 1,147.59 1,144.50 Bullish in the medium term.
Simple Moving Average 200 1,048.45 1,050.60 Lack of long-term trend.
Exponential Moving Average 7 1,157.21 1,139.78 Trend in the very short term bearish.
Exponential Moving Average 21 1,163.71 1,156.78 Bearish trend in the short-medium term.
Exponential Moving Average 50 1,165.08 1,162.04 Bullish in the medium term.
Exponential Moving Average 200 1,065.78 1,065.99 Lack of long-term trend.
MACD Line 12.00 18.80 Price in uptrend.
MACD Signal 16.30 21.40 Price in uptrend.
Bollinger 95 n/a n/a
Bollinger 99 n/a n/a
Double Exponential Moving Average 7 1,157.21 1,139.78 Trend in the very short term bearish.
Double Exponential Moving Average 21 1,163.71 1,156.78 Bearish trend in the short-medium term.
Double Exponential Moving Average 50 1,165.08 1,162.04 Bullish in the medium term.
Double Exponential Moving Average 200 1,065.78 1,065.99 Lack of long-term trend.
Divergences n/a n/a NO
On Balance Vol. 81,273,758.00 80,054,634.00 OBV supports recoveries.
Momentum 7 -127.00 -160.00 Short term fall speed is extremely fast.
Momentum 7 -17.00 -52.00 Short term fall speed is extremely fast.
% K Williams 78.80 88.50 Oversold, would support a bullish turn.
Priority Date Notification
18/01/2021 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.
18/01/2021 Bullish fast stochastic signal. The previous close indicates the possibility of rebounds after a recent negative phase.
15/01/2021 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.
15/01/2021 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.
15/01/2021 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.
15/01/2021 Bullish fast stochastic signal. The previous close indicates the possibility of rebounds after a recent negative phase.
15/01/2021 The price is close to a resistance level so it is recommended to monitor behavior when reaching it.
14/01/2021 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.
14/01/2021 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.
14/01/2021 Bullish fast stochastic signal. The previous close indicates the possibility of renewed bullish momentum after a recent negative phase.
14/01/2021 The price is close to a resistance level so it is recommended to monitor behavior when reaching it.