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Intertek Group (ITRK)

5,444.00p

11:14 23/09/19

  • 0.07% 4.00p
  • Today's Low & High
  • 5,390.00 / 5,480.00
  • Open / Previous Close
  • 5,480.00 / 5,440.00
  • 52-week range
  • 9.96% 493.00p
  • Volume
  • 60,765
  • Market Cap(million)
  • £8,786.24m

5,458.00p REAL TIME BATS

  • 12:37 23/09/19
  • 0.48%
  • 26.00p

Technical Analysis

Support and resistance levels

S1

53.30
-2.00%

R1

55.33
1.00%

S2

51.99
-5.00%

R2

58.30
7.00%

Technical comment

Short term
Medium term
Long term

Pivot Points

  • Levels of negotiation support
  • 54.22
  • 53.82
  • Levels of negotiation support resistance
  • 55.06
  • 55.50

Technical situation

Fully retracing the last bullish impulse / Wait for development between 53.62 and 53.3.

Recommendation

Short term comment

Remains a mid-long term neutral-bullish trend, although falls from the last relative highs set at 58.3 stands for a strictly neutral short-term bias. This move has a first support level by the recent lows set at 53.62. Loss of this support would be a negative signal and likely mean a mid-term downwards turn that would be confirmed if it lost 53.3. On the other hand, going above 55.33 Would stand for cancelling the bearish signs.

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 44.07 51.27 The RSI 7 doesn't show any sign of overbuy/oversell.
RSI 14 45.42 48.97 The RSI 14 doesn't show any sign of overbuy/oversell.
RSI 21 46.55 48.88 The RSI 21 doesn't show any sign of overbuy/oversell.
RSI 50 49.73 50.69 The RSI 50 doesn't show any sign of overbuy/oversell.
RSI 200 51.55 51.80 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 54.10 54.17 Very short-term trend is indefinite.
Simple Moving Average 21 54.64 54.61 Short/Mid-term trend is indefinite.
Simple Moving Average 50 55.34 55.33 Indefinite mid-term trend.
Simple Moving Average 200 51.96 51.99 Indefinite long-term trend.
Exponential Moving Average 7 54.35 54.42 Very short-term trend is indefinite.
Exponential Moving Average 21 54.73 54.73 Short/Mid-term trend is indefinite.
Exponential Moving Average 50 54.73 54.73 Indefinite mid-term trend.
Exponential Moving Average 200 54.73 54.73 Indefinite long-term trend.
MACD Line -0.29 -0.26 Price following bullish trend.
MACD Signal -0.22 -0.22 Price following bullish trend.
Bollinger 95 n/a n/a
Bollinger 99 n/a n/a
Double Exponential Moving Average 7 54.69 54.56 Very short-term trend is indefinite.
Double Exponential Moving Average 21 55.07 55.03 Short/Mid-term trend is indefinite.
Double Exponential Moving Average 50 55.07 55.03 Indefinite mid-term trend.
Double Exponential Moving Average 200 55.07 55.03 Indefinite long-term trend.
Divergences n/a n/a NO
On Balance Vol. -25,254.25 -15,070.39 OBV is bearish.
Momentum 7 -0.08 0.77 High rising speed, though not extreme, in very short terms.
Momentum 7 -0.49 -1.18 Strong, though not extreme, falling speed in the short term.
% K Williams 67.69 53.85 Neutral, doesn't favour a price turn.
Priority Date Notification
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
23/09/2019 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
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
19/09/2019 By being close (above) the short-term Moving Average, it could move on to higher levels, though if it should break below the MA the signal would revert to bearish
19/09/2019 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
19/09/2019 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
13/09/2019 Bearish signal from fast stochastic. Previous close's weakness points the risk of falls after a recent positive move.
12/09/2019 Slight weakness pointed by fast stochastics. Likely subsequent short-term drops.
11/09/2019 Slight weakness pointed by fast stochastics. Likely subsequent short-term drops.
05/09/2019 Moderate strength signals from fast stochastic anticipate likely short-term rebounds.
04/09/2019 Moderate strength signals from fast stochastic anticipate likely short-term rebounds.