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Royal Mail (RMG)

174.60p

16:05 29/05/20

  • -2.70% -4.85p
  • Today's Low & High
  • 174.10 / 179.40
  • Open / Previous Close
  • 178.85 / 174.60
  • 52-week range
  • -13.78% -27.90p
  • Volume
  • 5,173,585
  • Market Cap(million)
  • £1,745.93m

174.50p REAL TIME BATS

  • 16:30 29/05/20
  • -3.38%
  • -6.10p

Technical Analysis

Support and resistance levels

S1

1.54
-14.00%

R1

1.80
1.00%

S2

1.24
-31.00%

R2

2.51
40.00%

Technical comment

Short term
Medium term
Long term

Pivot Points

  • Levels of negotiation support
  • 1.76
  • 1.72
  • Levels of negotiation support resistance
  • 1.82
  • 1.84

Technical situation

The short term rebound goes above the resistance level at 2.42, it would be necessary to go above 1.8 to slightly improve.

Recommendation

Short term comment

Remains a mid-long term neutral-bearish trend, although rises from the last relative lows set at 1.24 stands for a neutral-bullish short-term bias. This movement's goals are found at last bearish move's origin at 1.8. Going above this resistance would positively bias short terms and even press upwards the mid-long term scenario.

Long term comment

From some months ago, long-term scenario remains bearish. However, it shall be taken in account that since the last lows an exhaustion in the trend is being noticed. Therefore, extreme caution is recommended in spite of an eventual upwards turn.

Indicator Previous Current Signal Comment
RSI 7 68.54 65.46 The RSI 7 doesn't show any sign of overbuy/oversell.
RSI 14 63.50 62.31 The RSI 14 doesn't show any sign of overbuy/oversell.
RSI 21 59.73 59.04 The RSI 21 doesn't show any sign of overbuy/oversell.
RSI 50 51.98 51.74 The RSI 50 doesn't show any sign of overbuy/oversell.
RSI 200 46.56 46.50 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 1.75 1.76 Very short-term trend is bullish.
Simple Moving Average 21 1.69 1.71 Bullish mid-term trend.
Simple Moving Average 50 1.54 1.54 Extremely bullish mid-term trend.
Simple Moving Average 200 1.94 1.94 Indefinite long-term trend.
Exponential Moving Average 7 1.75 1.76 Very short-term trend is bullish.
Exponential Moving Average 21 1.68 1.69 Bullish mid-term trend.
Exponential Moving Average 50 1.68 1.69 Bullish mid-term trend.
Exponential Moving Average 200 1.68 1.69 Indefinite long-term trend.
MACD Line 0.07 0.07 Price following bearish trend.
MACD Signal 0.06 0.06 Price following bearish trend.
Bollinger 95 n/a n/a
Bollinger 99 n/a n/a
Double Exponential Moving Average 7 1.72 1.73 Very short-term trend is bullish.
Double Exponential Moving Average 21 1.57 1.58 Extremely bullish short/mid term trend.
Double Exponential Moving Average 50 1.57 1.58 Bullish mid-term trend.
Double Exponential Moving Average 200 1.57 1.58 Bullish long-term trend.
Divergences n/a n/a NO
On Balance Vol. -339,054.92 -398,643.25 OBV is bearish.
Momentum 7 0.05 0.06 High rising speed, though not extreme, in very short terms.
Momentum 7 0.10 0.09 Strong, though not extreme, rising speed in the short term.
% K Williams 14.29 17.86 Overbought, would favour a bearish 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 Bullish signal from fast stochastic. Previous close points the chance of rebounds after a recent negative move.
20/03/2020 Moderate strength signals from fast stochastic anticipate likely short-term rebounds.
19/03/2020 Moderate strength signals from fast stochastic anticipate likely short-term rebounds.
18/03/2020 Bullish signal from fast stochastic. Previous close points the chance of rebounds after a recent negative move.
17/03/2020 RSI7 points some overselling, which if increasing, is likely to reflect renewed short term bullish pressure.
17/03/2020 Bullish signal from fast stochastic. Previous close points the chance of rebounds after a recent negative move.