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Royal Mail (RMG)

221.60p

15:45 19/07/19

  • 2.55% 5.50p
  • Today's Low & High
  • 217.10 / 222.30
  • Open / Previous Close
  • 218.30 / 221.60
  • 52-week range
  • -52.71% -247.00p
  • Volume
  • 3,379,877
  • Market Cap(million)
  • £2,215.91m

221.20p REAL TIME BATS

  • 16:50 19/07/19
  • 2.48%
  • 5.35p

Technical Analysis

Support and resistance levels

S1

2.12
-2.00%

R1

2.19
1.00%

S2

1.96
-9.00%

R2

4.89
126.00%

Technical comment

Short term
Medium term
Long term

Pivot Points

  • Levels of negotiation support
  • 2.15
  • 2.13
  • Levels of negotiation support resistance
  • 2.19
  • 2.21

Technical situation

The short term rebound goes above the resistance level at 2.81, it would be necessary to go above 2.19 to slightly improve.

Recommendation

Short term comment

Remains a mid-long term neutral-bearish trend, although rises from the last relative lows set at 1.96 stands for a neutral-bullish short-term bias. This movement's goals are found at last bearish move's origin at 2.19. 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 68.50 58.24 The RSI 7 doesn't show any sign of overbuy/oversell.
RSI 14 58.37 55.01 The RSI 14 doesn't show any sign of overbuy/oversell.
RSI 21 52.47 50.73 The RSI 21 doesn't show any sign of overbuy/oversell.
RSI 50 44.84 44.36 The RSI 50 doesn't show any sign of overbuy/oversell.
RSI 200 43.81 43.72 The RSI 200 doesn't show any sign of overbuy/oversell.
Fast Stochastic n/a n/a Bullish trend exhaustion signals, without turning signal.
Slow Stochastic n/a n/a Bullish trend exhaustion signals, confirmed with turning signal.
Simple Moving Average 7 2.15 2.16 Very short-term trend is indefinite.
Simple Moving Average 21 2.11 2.11 Bullish mid-term trend.
Simple Moving Average 50 2.13 2.13 Indefinite mid-term trend.
Simple Moving Average 200 2.75 2.74
Exponential Moving Average 7 2.16 2.16 Very short-term trend is indefinite.
Exponential Moving Average 21 2.12 2.13 Short/Mid-term trend is indefinite.
Exponential Moving Average 50 2.12 2.13 Indefinite mid-term trend.
Exponential Moving Average 200 2.12 2.13 Indefinite long-term trend.
MACD Line 0.02 0.02 Price following bearish trend.
MACD Signal 0.00 0.00 Price following bearish trend.
Bollinger 95 n/a n/a
Bollinger 99 n/a n/a
Double Exponential Moving Average 7 2.13 2.14 Very short-term trend is indefinite.
Double Exponential Moving Average 21 2.09 2.09 Bullish mid-term trend.
Double Exponential Moving Average 50 2.09 2.09 Indefinite mid-term trend.
Double Exponential Moving Average 200 2.09 2.09 Indefinite long-term trend.
Divergences n/a n/a NO
On Balance Vol. 9,080.30 50,609.05 OBV is bullish
Momentum 7 0.07 0.06 High rising speed, though not extreme, in very short terms.
Momentum 7 0.05 0.05 Strong, though not extreme, rising speed in the short term.
% K Williams 21.43 35.71 Neutral, doesn't favour a price turn.
Priority Date Notification
22/07/2019 Slight weakness pointed by fast stochastics. Likely subsequent short-term drops.
19/07/2019 Slight weakness pointed by fast stochastics. Likely subsequent short-term drops.
18/07/2019 Slight weakness pointed by fast stochastics. Likely subsequent short-term drops.
17/07/2019 Slight weakness pointed by fast stochastics. Likely subsequent short-term drops.
15/07/2019 Bearish signal from fast stochastic. Previous close's weakness points the risk of falls after a recent positive move.
12/07/2019 By being close (below) the short-term Moving Average, it could move on to lower levels, though if it should break above the MA the signal would revert to bullish
12/07/2019 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-
12/07/2019 Bearish signal from fast stochastic. Previous close's weakness points the risk of falls after a recent positive move.
11/07/2019 By being close (below) the short-term Moving Average, it could move on to lower levels, though if it should break above the MA the signal would revert to bullish
11/07/2019 Bearish signal from fast stochastic. Previous close's weakness points the risk of falls after a recent positive move.
10/07/2019 By being close (below) the short-term Moving Average, it could move on to lower levels, though if it should break above the MA the signal would revert to bullish