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Riverstone Energy Limited (RSE)

318.00p

15:30 14/05/21

  • -0.31% -1.00p
  • Today's Low & High
  • 307.00 / 323.00
  • Open / Previous Close
  • 312.00 / 312.00
  • 52-week range
  • 19.40% 51.50p
  • Volume
  • 57,777
  • Market Cap(million)
  • £199.25m

Technical Analysis

Support and resistance levels

S1

265.36
-8.50%

R1

326.13
12.46%

S2

270.33
-6.78%

R2

310.33
7.01%

Technical comment

Short term
Medium term
Long term

Pivot Points

  • Levels of negotiation support
  • 287.67
  • 285.33
  • Levels of negotiation support resistance
  • 292.67
  • 295.33

Technical situation

Neutral technical scenario with 265.355 - 326.125 range.

Recommendation

Short term comment

The price curve displays a trend neutral-bullish quoting at resistance levels of 326.125, a critical zone whose overcoming is necessary to move the bearish risk away. Additionally, support of intermediate importance in 270.333.

Long term comment

The bullish phase that occurs between may 6 and july 14, moving from levels of 108.000, to 382.500, supposes a moderate correction of the previous fall, which went down from 1290.000, to 108.000. The current downtrend, however, remains above minimum support environments at 108.000. There is no sign of stability in the fall nor is it in oversold and support levels (in the area of 108.000,).

Indicator Previous Current Signal Comment
RSI 7 58.60 56.60 The RSI does not warn of overbought or oversold.
RSI 14 52.50 51.70 The RSI does not warn of overbought or oversold.
RSI 21 50.80 50.30 The RSI does not warn of overbought or oversold.
RSI 50 49.20 49.00 The RSI does not warn of overbought or oversold.
RSI 200 41.70 41.70 The RSI does not warn of overbought or oversold.
Fast Stochastic n/a n/a Signs of bullish exhaustion with turn signal.
Slow Stochastic n/a n/a Signs of bullish exhaustion with turn signal.
Simple Moving Average 7 291.64 292.71 Lack of trend in the very short term.
Simple Moving Average 21 274.26 274.52 Bullish trend in the short-medium term.
Simple Moving Average 50 308.25 307.41 Bullish in the medium term.
Simple Moving Average 200 325.92 325.16 Bearish in the long-term trend.
Exponential Moving Average 7 288.69 289.02 Lack of trend in the very short term.
Exponential Moving Average 21 284.34 284.86 Lack of trend in the short-medium term.
Exponential Moving Average 50 289.49 289.51 Lack of medium term trend.
Exponential Moving Average 200 370.28 369.49 Bearish in the long-term trend.
MACD Line -5.30 -4.50 Price in downtrend.
MACD Signal -7.30 -6.00 Price in downtrend.
Bollinger 95 n/a n/a
Bollinger 99 n/a n/a
Double Exponential Moving Average 7 288.69 289.02 Lack of trend in the very short term.
Double Exponential Moving Average 21 284.34 284.86 Lack of trend in the short-medium term.
Double Exponential Moving Average 50 289.49 289.51 Lack of medium term trend.
Double Exponential Moving Average 200 370.28 369.49 Bearish in the long-term trend.
Divergences n/a n/a NO
On Balance Vol. 3,816,069.00 3,810,617.00 OBV supports recoveries.
Momentum 7 9.00 -8.50 Short term fall speed is extremely fast.
Momentum 7 75.00 56.50 Upload speed in the very short term is extremely fast.
% K Williams 21.20 22.60 Neutral, does not support price spin.
Priority Date Notification