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Mitie Group (MTO)

70.10p

15:40 02/06/20

  • -2.64% -1.90p
  • Today's Low & High
  • 70.10 / 73.90
  • Open / Previous Close
  • 70.60 / 70.10
  • 52-week range
  • -52.76% -78.30p
  • Volume
  • 180,059
  • Market Cap(million)
  • £256.52m

71.20p REAL TIME BATS

  • 16:51 02/06/20
  • -1.25%
  • -0.90p

Technical Analysis

Support and resistance levels

S1

0.66
-5.00%

R1

0.72
3.00%

S2

0.58
-17.00%

R2

1.09
56.00%

Technical comment

Short term
Medium term
Long term

Pivot Points

  • Levels of negotiation support
  • 0.63
  • 0.58
  • Levels of negotiation support resistance
  • 0.75
  • 0.82

Technical situation

Bearish after loss of support in 1.09. Stabilized as it doesn't fall below 0.58.

Recommendation

Short term comment

It should be pointed out that the loss of the short/mid-term previous support located at 1.09 has damaged the long-term structure, turning to bearish for every analysis term; however, some slight exhaustion of the bearish bias is detected in very short terms, although any positive bias would be lost again if it should lose 0.58.

Long term comment

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

Indicator Previous Current Signal Comment
RSI 7 52.32 43.13 The RSI 7 doesn't show any sign of overbuy/oversell.
RSI 14 48.16 44.79 The RSI 14 doesn't show any sign of overbuy/oversell.
RSI 21 44.66 42.89 The RSI 21 doesn't show any sign of overbuy/oversell.
RSI 50 41.35 40.78 The RSI 50 doesn't show any sign of overbuy/oversell.
RSI 200 44.62 44.46 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 0.71 0.71
Simple Moving Average 21 0.72 0.72
Simple Moving Average 50 0.73 0.72 Indefinite mid-term trend.
Simple Moving Average 200 1.26 1.26 Bearish long-term trend.
Exponential Moving Average 7 0.72 0.71
Exponential Moving Average 21 0.72 0.72
Exponential Moving Average 50 0.72 0.72 Indefinite mid-term trend.
Exponential Moving Average 200 0.72 0.72 Indefinite long-term trend.
MACD Line -0.01 -0.01 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 0.72 0.71
Double Exponential Moving Average 21 0.72 0.72
Double Exponential Moving Average 50 0.72 0.72 Indefinite mid-term trend.
Double Exponential Moving Average 200 0.72 0.72 Indefinite long-term trend.
Divergences n/a n/a NO
On Balance Vol. -4,690.76 -10,477.89 OBV is bearish.
Momentum 7 -0.02 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 64.29 35.71 Neutral, doesn't favour a price turn.
Priority Date Notification
16/04/2020 Moderate strength signals from fast stochastic anticipate likely short-term rebounds.
15/04/2020 Moderate strength signals from fast stochastic anticipate likely short-term rebounds.
14/04/2020 Moderate strength signals from fast stochastic anticipate likely short-term rebounds.
13/04/2020 Moderate strength signals from fast stochastic anticipate likely short-term rebounds.
10/04/2020 Moderate strength signals from fast stochastic anticipate likely short-term rebounds.
09/04/2020 Moderate strength signals from fast stochastic anticipate likely short-term rebounds.
08/04/2020 Moderate strength signals from fast stochastic anticipate likely short-term rebounds.
07/04/2020 Moderate strength signals from fast stochastic anticipate likely short-term rebounds.
06/04/2020 Moderate strength signals from fast stochastic anticipate likely short-term rebounds.
03/04/2020 Moderate strength signals from fast stochastic anticipate likely short-term rebounds.
02/04/2020 Moderate strength signals from fast stochastic anticipate likely short-term rebounds.