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Intertek Group (ITRK)

6,008.00p

13:14 27/01/20

  • -2.17% -134.00p
  • Today's Low & High
  • 5,974.00 / 6,122.00
  • Open / Previous Close
  • 6,100.00 / 6,170.00
  • 52-week range
  • 24.27% 1,179.00p
  • Volume
  • 168,081
  • Market Cap(million)
  • £9,696.50m

6,072.00p REAL TIME BATS

  • 08:03 28/01/20
  • 0.50%
  • 30.00p

Technical Analysis

Support and resistance levels

S1

60.14
-3.00%

R1

62.93
2.00%

S2

58.30
-6.00%

R2

66.14
7.00%

Technical comment

Short term
Medium term
Long term

Pivot Points

  • Levels of negotiation support
  • 61.06
  • 60.70
  • Levels of negotiation support resistance
  • 62.06
  • 62.70

Technical situation

It's bullish, however must be watched upon since it has only very slightly gone above the previous mid/long-term resistance at 60.14.

Recommendation

Short term comment

Going above the mid-long term previous resistance located at 60.14 allows mid-term trend to be bullish biased; however it must be noted that it has gone above only by a 2.53. Even so, the profile is bullish for every analysis term.

Long term comment

From some months ago, long-term scenario remains bullish. Exhaustion signals that could alert for a trend turn, furthermore, are not yet noticeable.

Indicator Previous Current Signal Comment
RSI 7 74.75 83.51 The RSI 7 points an overbought situation (bullish trend is fragile).
RSI 14 69.47 75.37 The RSI 14 points an overbought situation (bullish trend is fragile).
RSI 21 66.37 70.74 The RSI 21 doesn't show any sign of overbuy/oversell.
RSI 50 59.42 61.55 The RSI 50 doesn't show any sign of overbuy/oversell.
RSI 200 53.97 54.57 The RSI 200 doesn't show any sign of overbuy/oversell.
Fast Stochastic n/a n/a Bullish trend exhaustion signals, confirmed with turning signal.
Slow Stochastic n/a n/a Heavy exhaustion of the bullish movement, however with no turning signal yet.
Simple Moving Average 7 59.57 59.90 Very short-term trend is bullish.
Simple Moving Average 21 58.64 58.81 Bullish mid-term trend.
Simple Moving Average 50 56.46 56.66 Bullish mid-term trend.
Simple Moving Average 200 54.56 54.62 Bullish long-term trend.
Exponential Moving Average 7 59.56 60.09 Very short-term trend is bullish.
Exponential Moving Average 21 58.52 58.81 Bullish mid-term trend.
Exponential Moving Average 50 58.52 58.81 Bullish mid-term trend.
Exponential Moving Average 200 58.52 58.81 Indefinite long-term trend.
MACD Line 0.95 1.08 Price following bearish trend.
MACD Signal 0.89 0.93 Price following bearish trend.
Bollinger 95 n/a n/a
Bollinger 99 n/a n/a
Double Exponential Moving Average 7 58.96 59.20 Very short-term trend is bullish.
Double Exponential Moving Average 21 57.25 57.39 Bullish mid-term trend.
Double Exponential Moving Average 50 57.25 57.39 Bullish mid-term trend.
Double Exponential Moving Average 200 57.25 57.39 Indefinite long-term trend.
Divergences n/a n/a NO
On Balance Vol. 22,407.01 35,946.99 OBV is bullish
Momentum 7 0.98 2.44 High rising speed, though not extreme, in very short terms.
Momentum 7 2.34 4.62 Strong, though not extreme, rising speed in the short term.
% K Williams 8.75 1.93 Overbought, would favour a bearish turn.
Priority Date Notification
28/01/2020 RSI7 points some overbuying, therefore bearish pressure is likely to increase in short terms.
28/01/2020 RSI14 points some overbuying, therefore bearish pressure is likely to increase in short and mid terms.
28/01/2020 Bearish signal from fast stochastic. Previous close's weakness points the risk of falls after a recent positive move.
27/01/2020 Bearish signal from fast stochastic. Previous close's weakness points the risk of falls after a recent positive move.
24/01/2020 Bearish signal from fast stochastic. Previous close's weakness points the risk of falls after a recent positive move.
23/01/2020 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
23/01/2020 Bearish signal from fast stochastic. Previous close's weakness points the risk of falls after a recent positive move.
22/01/2020 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
22/01/2020 Slight weakness pointed by fast stochastics. Likely subsequent short-term drops.
16/01/2020 Since it's close and above the short/mid-term Moving Average it could move upwards -though it it should break below the MA would revert the signal-
14/01/2020 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