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Just Group (JUST)

54.75p

08:49 23/09/19

  • -4.12% -2.35p
  • Today's Low & High
  • 54.40 / 57.66
  • Open / Previous Close
  • 57.05 / 57.10
  • 52-week range
  • -31.69% -25.40p
  • Volume
  • 561,676
  • Market Cap(million)
  • £566.71m

Technical Analysis

Support and resistance levels

S1

0.47
-17.00%

R1

0.70
22.00%

S2

0.36
-37.00%

R2

0.77
35.00%

Technical comment

Short term
Medium term
Long term

Pivot Points

  • Levels of negotiation support
  • 0.55
  • 0.54
  • Levels of negotiation support resistance
  • 0.57
  • 0.58

Technical situation

The rebound has gone above the previous bearish impulse origin at 0.57 biasing the short term upwards.

Recommendation

Short term comment

Rises from the last lows set at 0.36 heavily press upwards the mid/long-term profile, which is still neutral-bearish. Short-term bias is therefore neutral-bullish with an initial resistance level at 0.7 whose loss would confirm the mid-term upwards turn.

Long term comment

From some months ago, long-term scenario remains bearish. However, it shall be taken in account that since the last lows an exhaustion in the trend is being noticed. Therefore, extreme caution is recommended in spite of an eventual upwards turn.

Indicator Previous Current Signal Comment
RSI 7 81.83 84.27 The RSI 7 points an overbought situation (bullish trend is fragile).
RSI 14 71.39 73.09 The RSI 14 doesn't show any sign of overbuy/oversell.
RSI 21 63.95 65.30 The RSI 21 doesn't show any sign of overbuy/oversell.
RSI 50 51.31 51.97 The RSI 50 doesn't show any sign of overbuy/oversell.
RSI 200 45.99 46.13 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 0.55 0.55 Very short-term trend is bullish.
Simple Moving Average 21 0.49 0.49 Extremely bullish short/mid term trend.
Simple Moving Average 50 0.47 0.47 Extremely bullish mid-term trend.
Simple Moving Average 200 0.70 0.70
Exponential Moving Average 7 0.54 0.55 Very short-term trend is bullish.
Exponential Moving Average 21 0.50 0.51 Extremely bullish short/mid term trend.
Exponential Moving Average 50 0.50 0.51 Bullish mid-term trend.
Exponential Moving Average 200 0.50 0.51 Bullish long-term trend.
MACD Line 0.03 0.03 Price following bearish trend.
MACD Signal 0.02 0.02 Price following bearish trend.
Bollinger 95 n/a n/a
Bollinger 99 n/a n/a
Double Exponential Moving Average 7 0.52 0.53 Extremely bullish very short-term trend.
Double Exponential Moving Average 21 0.45 0.46 Extremely bullish short/mid term trend.
Double Exponential Moving Average 50 0.45 0.46 Extremely bullish mid-term trend.
Double Exponential Moving Average 200 0.45 0.46 Bullish long-term trend.
Divergences n/a n/a NO
On Balance Vol. 410,901.63 498,208.55 OBV is bullish
Momentum 7 0.01 0.02 High rising speed, though not extreme, in very short terms.
Momentum 7 0.10 0.11 Extremely high short-term rising speed.
% K Williams 7.14 0.00 Overbought, would favour a bearish turn.
Priority Date Notification
23/09/2019 RSI7 points some overbuying, therefore bearish pressure is likely to increase in short terms.
23/09/2019 Bearish signal from fast stochastic. Previous close's weakness points the risk of falls after a recent positive move.
20/09/2019 RSI7 points some overbuying, therefore bearish pressure is likely to increase in short terms.
20/09/2019 Bearish signal from fast stochastic. Previous close's weakness points the risk of falls after a recent positive move.
19/09/2019 Bearish signal from fast stochastic. Previous close's weakness points the risk of falls after a recent positive move.
18/09/2019 Bearish signal from fast stochastic. Previous close's weakness points the risk of falls after a recent positive move.
17/09/2019 Bearish signal from fast stochastic. Previous close's weakness points the risk of falls after a recent positive move.
16/09/2019 RSI7 points some overbuying, therefore bearish pressure is likely to increase in short terms.
16/09/2019 Bearish signal from fast stochastic. Previous close's weakness points the risk of falls after a recent positive move.
13/09/2019 RSI7 points some overbuying, therefore bearish pressure is likely to increase in short terms.
13/09/2019 Bearish signal from fast stochastic. Previous close's weakness points the risk of falls after a recent positive move.