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Morrison (Wm) Supermarkets (MRW)

188.45p

10:09 14/07/20

  • 1.73% 3.20p
  • Today's Low & High
  • 182.66 / 188.50
  • Open / Previous Close
  • 184.95 / 185.25
  • 52-week range
  • -8.39% -17.25p
  • Volume
  • 1,317,908
  • Market Cap(million)
  • £4,532.33m

188.45p REAL TIME BATS

  • 11:28 14/07/20
  • 1.65%
  • 3.05p

Technical Analysis

Support and resistance levels

S1

1.79
-2.00%

R1

1.90
4.00%

S2

1.63
-11.00%

R2

2.04
11.00%

Technical comment

Short term
Medium term
Long term

Pivot Points

  • Levels of negotiation support
  • 1.79
  • 1.77
  • Levels of negotiation support resistance
  • 1.84
  • 1.87

Technical situation

Bearish in the long term, though short term won't be bearish-biased as long as it doesn't lose support at 1.63.

Recommendation

Short term comment

Though long-term trend or scenario is bearish, in the mid-term it stands for neutral. Only if it should lose the first important support located at 1.63, los intermediate terms would be bearish-biased together with the long-term structures.

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 17.24 40.97 The RSI 7 doesn't show any sign of overbuy/oversell.
RSI 14 32.98 43.23 The RSI 14 doesn't show any sign of overbuy/oversell.
RSI 21 39.75 45.69 The RSI 21 doesn't show any sign of overbuy/oversell.
RSI 50 46.58 48.47 The RSI 50 doesn't show any sign of overbuy/oversell.
RSI 200 47.68 48.14 The RSI 200 doesn't show any sign of overbuy/oversell.
Fast Stochastic n/a n/a Heavy exhaustion of the bearish movement, however with no turning signal yet.
Slow Stochastic n/a n/a Bearish trend exhaustion signals, confirmed with turning signal.
Simple Moving Average 7 1.84 1.83 Very short-term trend is indefinite.
Simple Moving Average 21 1.87 1.87
Simple Moving Average 50 1.87 1.87 Indefinite mid-term trend.
Simple Moving Average 200 1.90 1.90 Indefinite long-term trend.
Exponential Moving Average 7 1.84 1.83 Very short-term trend is indefinite.
Exponential Moving Average 21 1.86 1.86 Short/Mid-term trend is indefinite.
Exponential Moving Average 50 1.86 1.86 Indefinite mid-term trend.
Exponential Moving Average 200 1.86 1.86 Indefinite long-term trend.
MACD Line -0.01 -0.01 Price following bullish trend.
MACD Signal 0.00 0.00 Price following bullish trend.
Bollinger 95 n/a n/a
Bollinger 99 n/a n/a
Double Exponential Moving Average 7 1.87 1.86
Double Exponential Moving Average 21 1.87 1.87
Double Exponential Moving Average 50 1.87 1.87 Indefinite mid-term trend.
Double Exponential Moving Average 200 1.87 1.87 Indefinite long-term trend.
Divergences n/a n/a NO
On Balance Vol. -737,372.62 -1,248,297.37 OBV is bearish.
Momentum 7 -0.11 -0.06 High falling speed, though not extreme, in very short terms.
Momentum 7 -0.13 -0.11 Strong, though not extreme, falling speed in the short term.
% K Williams 87.50 62.50 Neutral, doesn't favour a price turn.
Priority Date Notification
14/07/2020 Bullish signal from fast stochastic. Previous close points the chance of rebounds after a recent negative move.
13/07/2020 RSI7 points some overselling, which if increasing, is likely to reflect renewed short term bullish pressure.
10/07/2020 RSI7 points some overselling, which if increasing, is likely to reflect renewed short term bullish pressure.
06/07/2020 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
06/07/2020 It's close to the mid-term moving average, which could turn into an overselling situation and rise the chance of rebounds
03/07/2020 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-
25/06/2020 RSI7 points some overbuying, therefore bearish pressure is likely to increase in short terms.
19/06/2020 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-
18/06/2020 It's close to the mid-term moving average, which could turn into an overselling situation and rise the chance of rebounds
15/06/2020 It's close to the mid-term moving average, which could turn into an overbuying situation and rise the risk of falls
11/06/2020 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-