sharecast

{{ storiesRelated.title }}

Futura Medical (FUM)

31.00p

15:55 05/12/19

  • 1.64% 0.50p
  • Today's Low & High
  • 30.22 / 31.42
  • Open / Previous Close
  • 30.75 / 31.00
  • 52-week range
  • 373.28% 24.45p
  • Volume
  • 535,552
  • Market Cap(million)
  • £63.44m

Technical Analysis

Support and resistance levels

S1

0.25
-19.00%

R1

0.34
10.00%

S2

0.18
-42.00%

R2

0.37
19.00%

Technical comment

Short term
Medium term
Long term

Pivot Points

  • Levels of negotiation support
  • 0.31
  • 0.31
  • Levels of negotiation support resistance
  • 0.32
  • 0.33

Technical situation

Reaching the first technical reference of support around 0.25 / Keep watching

Recommendation

Short term comment

Remains a mid-long term neutral-bullish trend, although in the short term the bias is only neutral since it set highs at 0.37. The recent lows set at 0.25 provide some support at the Fibonacci retracement level of 38.2% relating to the last bullish impulse.rebounds from these levels would only mean an upwards bias if it would go above the resistance level at 0.34.

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 48.78 48.78 The RSI 7 doesn't show any sign of overbuy/oversell.
RSI 14 49.93 49.93 The RSI 14 doesn't show any sign of overbuy/oversell.
RSI 21 49.30 49.30 The RSI 21 doesn't show any sign of overbuy/oversell.
RSI 50 49.18 49.18 The RSI 50 doesn't show any sign of overbuy/oversell.
RSI 200 50.50 50.50 The RSI 200 doesn't show any sign of overbuy/oversell.
Fast Stochastic n/a n/a Intermediate zone for the indicator, no exhaustion signal.
Slow Stochastic n/a n/a Intermediate zone for the indicator, no exhaustion signal.
Simple Moving Average 7 0.31 0.31 Very short-term trend is indefinite.
Simple Moving Average 21 0.31 0.31 Short/Mid-term trend is indefinite.
Simple Moving Average 50 0.31 0.31 Indefinite mid-term trend.
Simple Moving Average 200 0.29 0.29 Indefinite long-term trend.
Exponential Moving Average 7 0.31 0.31 Very short-term trend is indefinite.
Exponential Moving Average 21 0.31 0.31 Short/Mid-term trend is indefinite.
Exponential Moving Average 50 0.31 0.31 Indefinite mid-term trend.
Exponential Moving Average 200 0.31 0.31 Indefinite long-term trend.
MACD Line 0.00 0.00 Possible price turn.
MACD Signal 0.00 0.00 Possible price turn.
Bollinger 95 n/a n/a
Bollinger 99 n/a n/a
Double Exponential Moving Average 7 0.32 0.32
Double Exponential Moving Average 21 0.30 0.30 Bullish mid-term trend.
Double Exponential Moving Average 50 0.30 0.30 Indefinite mid-term trend.
Double Exponential Moving Average 200 0.30 0.30 Indefinite long-term trend.
Divergences n/a n/a NO
On Balance Vol. 7,083.57 655.61 OBV is bullish
Momentum 7 0.00 0.01 High rising speed, though not extreme, in very short terms.
Momentum 7 0.01 -0.02 Strong, though not extreme, falling speed in the short term.
% K Williams 0.00 0.00 Overbought, would favour a bearish turn.
Priority Date Notification
27/11/2019 Bearish signal from fast stochastic. Previous close's weakness points the risk of falls after a recent positive move.
26/11/2019 Bearish signal from fast stochastic. Previous close's weakness points the risk of falls after a recent positive move.
25/11/2019 Bearish signal from fast stochastic. Previous close's weakness points the risk of falls after a recent positive move.
22/11/2019 Bearish signal from fast stochastic. Previous close's weakness points the risk of falls after a recent positive move.
21/11/2019 Slight weakness pointed by fast stochastics. Likely subsequent short-term drops.
20/11/2019 Slight weakness pointed by fast stochastics. Likely subsequent short-term drops.
19/11/2019 RSI7 points some overbuying, therefore bearish pressure is likely to increase in short terms.
19/11/2019 Slight weakness pointed by fast stochastics. Likely subsequent short-term drops.
05/11/2019 Moderate strength signals from fast stochastic anticipate likely short-term rebounds.
04/11/2019 Moderate strength signals from fast stochastic anticipate likely short-term rebounds.
01/11/2019 Moderate strength signals from fast stochastic anticipate likely short-term rebounds.