sharecast

{{ storiesRelated.title }}

Morrison (Wm) Supermarkets (MRW)

186.80p

16:05 22/01/21

  • 0.92% 1.70p
  • Today's Low & High
  • 183.75 / 187.30
  • Open / Previous Close
  • 185.45 / 186.80
  • 52-week range
  • 1.05% 1.95p
  • Volume
  • 5,480,413
  • Market Cap(million)
  • £4,501.31m

187.17p REAL TIME BATS

  • 16:29 22/01/21
  • 1.03%
  • 1.90p

Technical Analysis

Support and resistance levels

S1

173.84
-6.94%

R1

193.05
3.35%

S2

172.01
-7.92%

R2

200.15
7.15%

Technical comment

Short term
Medium term
Long term

Pivot Points

  • Levels of negotiation support
  • 184.60
  • 182.40
  • Levels of negotiation support resistance
  • 188.15
  • 189.50

Technical situation

Monitor critical support in 173.844, weakness below.

Recommendation

Short term comment

The price curve generated is bullish but very close to the support and critical area that today generates the upward guideline in 173.844 levels. The 173.844 - 172.01 range represents an area of ??greater neutrality, so the loss of 173.844 would prevent a bullish rating.

Long term comment

Between june and july 2020 there was a bullish phase that moved the prices from 148.382 to 197.780. This phase was corrected by a relevant bearish reaction that returned the quotation until 157.777 in november 2020 levels. Following this, the current rise from 157.777 to 187.600 has not reached the previous highs at 197.780, an area of significant resistance.

Indicator Previous Current Signal Comment
RSI 7 62.40 67.10 The RSI does not warn of overbought or oversold.
RSI 14 59.10 61.50 The RSI does not warn of overbought or oversold.
RSI 21 57.80 59.40 The RSI does not warn of overbought or oversold.
RSI 50 54.40 55.10 The RSI does not warn of overbought or oversold.
RSI 200 50.50 50.80 The RSI does not warn of overbought or oversold.
Fast Stochastic n/a n/a Signs of bullish exhaustion without a turn signal.
Slow Stochastic n/a n/a Indicator in intermediate zone, with no sign of exhaustion.
Simple Moving Average 7 183.36 183.52 Very short term trend bullish.
Simple Moving Average 21 180.45 181.13 Bullish trend in the short-medium term.
Simple Moving Average 50 177.50 177.98 Bullish medium term trend.
Simple Moving Average 200 177.00 177.09 Lack of long-term trend.
Exponential Moving Average 7 183.00 183.95 Very short term trend bullish.
Exponential Moving Average 21 181.02 181.55 Bullish trend in the short-medium term.
Exponential Moving Average 50 177.89 178.24 Bullish medium term trend.
Exponential Moving Average 200 177.03 177.12 Lack of long-term trend.
MACD Line -0.70 -1.10 Price in uptrend.
MACD Signal 0.20 -0.20 Price in uptrend.
Bollinger 95 n/a n/a
Bollinger 99 n/a n/a
Double Exponential Moving Average 7 183.00 183.95 Very short term trend bullish.
Double Exponential Moving Average 21 181.02 181.55 Bullish trend in the short-medium term.
Double Exponential Moving Average 50 177.89 178.24 Bullish medium term trend.
Double Exponential Moving Average 200 177.03 177.12 Lack of long-term trend.
Divergences n/a n/a NO
On Balance Vol. -232,498,569.00 -227,018,156.00 OBV supports falls.
Momentum 7 -0.55 1.50 Upload speed of the very short term is strong, but not extreme.
Momentum 7 4.00 6.95 Upload speed of the very short term is strong, but not extreme.
% K Williams 14.30 4.60 Overbought, would support a bearish turn.
Priority Date Notification
25/01/2021 A price above the moving average indicates an upward trend. Consequently, if the price is dragged below, it would change to bearish.
25/01/2021 Since the price is close to the moving average, it could strengthen to the upside, aothough quotes below it would signal a bearish reversal.
25/01/2021 A price above the moving average indicates an upward trend. Consequently, if the price is dragged below, it would change to bearish.
25/01/2021 Some weakness showed at the fast stochastics may kept a lid on any meaningful positive move.
25/01/2021 The price is close to a resistance level so it is recommended to monitor behavior when reaching it.
22/01/2021 A price above the moving average indicates an upward trend. Consequently, if the price is dragged below, it would change to bearish.
22/01/2021 Since the price is close to the moving average, it could strengthen to the upside, aothough quotes below it would signal a bearish reversal.
22/01/2021 A price above the moving average indicates an upward trend. Consequently, if the price is dragged below, it would change to bearish.
22/01/2021 The price is close to a resistance level so it is recommended to monitor behavior when reaching it.
21/01/2021 Being near (below) the short-term moving average may react at least temporarily to the downside, but if it breaks above the level the signal would be reversed to bullish.
21/01/2021 Since the price is close to the moving average, it could strengthen to the upside, aothough quotes below it would signal a bearish reversal.