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Redrow (RDW)

525.50p

15:35 22/01/21

  • -1.51% -8.00p
  • Today's Low & High
  • 519.50 / 534.98
  • Open / Previous Close
  • 534.50 / 531.50
  • 52-week range
  • -33.57% -264.50p
  • Volume
  • 680,745
  • Market Cap(million)
  • £1,850.76m

525.50p REAL TIME BATS

  • 16:29 22/01/21
  • -1.78%
  • -9.50p

Technical Analysis

Support and resistance levels

S1

495.03
-5.44%

R1

533.70
1.95%

S2

484.50
-7.45%

R2

587.94
12.31%

Technical comment

Short term
Medium term
Long term

Pivot Points

  • Levels of negotiation support
  • 517.01
  • 510.51
  • Levels of negotiation support resistance
  • 532.49
  • 541.48

Technical situation

Neutral technical scenario with 484.5 - 533.7 range.

Recommendation

Short term comment

The movement is considered of type neutral-bearish quoting in a range of low movement with near roof in 533.7 and base in the 484.5 area. Overcoming any of the two levels that delimit this range would warn of the meaning of the subsequent trend.

Long term comment

Between june and june 2020 a bearish phase took place and moved the price from 838.913 to 293.000. This phase was corrected by a significative upward reaction that returned the price to 606.320 levels on the 4th of january. After this, the current fall from 606.320 to 519.500 has not reached the previous lows in 293.000, an area of important support.

Indicator Previous Current Signal Comment
RSI 7 43.10 37.30 The RSI does not warn of overbought or oversold.
RSI 14 46.90 44.20 The RSI does not warn of overbought or oversold.
RSI 21 49.40 47.60 The RSI does not warn of overbought or oversold.
RSI 50 52.10 51.30 The RSI does not warn of overbought or oversold.
RSI 200 50.10 49.90 The RSI does not warn of overbought or oversold.
Fast Stochastic n/a n/a Signs of bearish exhaustion with turn signal.
Slow Stochastic n/a n/a Signs of bearish exhaustion with turn signal.
Simple Moving Average 7 530.14 530.21 Trend in the very short term bearish.
Simple Moving Average 21 549.45 549.52 Bearish trend in the short-medium term.
Simple Moving Average 50 542.73 542.57 Lack of medium term trend.
Simple Moving Average 200 471.87 472.46 Long-term bullish.
Exponential Moving Average 7 533.86 531.27 Trend in the very short term bearish.
Exponential Moving Average 21 540.55 539.00 Bearish trend in the short-medium term.
Exponential Moving Average 50 529.08 528.86 Lack of medium term trend.
Exponential Moving Average 200 507.41 507.57 Lack of long-term trend.
MACD Line 5.00 5.50 Price in downtrend.
MACD Signal 5.20 5.30 Price in downtrend.
Bollinger 95 n/a n/a
Bollinger 99 n/a n/a
Double Exponential Moving Average 7 533.86 531.27 Trend in the very short term bearish.
Double Exponential Moving Average 21 540.55 539.00 Bearish trend in the short-medium term.
Double Exponential Moving Average 50 529.08 528.86 Lack of medium term trend.
Double Exponential Moving Average 200 507.41 507.57 Lack of long-term trend.
Divergences n/a n/a NO
On Balance Vol. 59,620,969.00 58,694,062.00 OBV supports recoveries.
Momentum 7 8.50 -7.50 Short term fall speed is extremely fast.
Momentum 7 -18.00 -28.50 Short term fall speed is extremely fast.
% K Williams 69.70 92.70 Oversold, would support a bullish turn.
Priority Date Notification
25/01/2021 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.
25/01/2021 Being near (below) the short-term moving average may lead to a decline, although if it breaks above the level the signal would be reversed to bullish.
25/01/2021 Being near (below) the short-term moving average may lead to a decline, although if it breaks above the level the signal would be reversed to bullish.
25/01/2021 Bullish fast stochastic signal. The previous close indicates the possibility of rebounds after a recent negative phase.
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 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.
22/01/2021 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.
22/01/2021 The price is close to supports. It is recommended to monitor if bulls are back in control when they are reached.
22/01/2021 Fast stochastic gives moderate strength signals that may lead to possible short-term rebounds.
21/01/2021 A price above the moving average indicates an upward trend. Consequently, if the price is dragged below, it would change to bearish.