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Royal Mail (RMG)

229.50p

11:09 14/11/19

  • -0.56% -1.30p
  • Today's Low & High
  • 226.70 / 231.65
  • Open / Previous Close
  • 229.00 / 230.80
  • 52-week range
  • -34.05% -118.50p
  • Volume
  • 1,680,396
  • Market Cap(million)
  • £2,294.91m

229.20p REAL TIME BATS

  • 12:27 14/11/19
  • -1.08%
  • -2.50p

Technical Analysis

Support and resistance levels

S1

2.16
-5.00%

R1

2.27
0.00%

S2

1.95
-14.00%

R2

2.30
1.00%

Technical comment

Short term
Medium term
Long term

Pivot Points

  • Levels of negotiation support
  • 2.22
  • 2.19
  • Levels of negotiation support resistance
  • 2.29
  • 2.33

Technical situation

The rebound has gone above the previous bearish impulse origin at 2.27 biasing the short term upwards.

Recommendation

Short term comment

Rises from the last lows set at 1.95 heavily press upwards the mid/long-term profile, which is still neutral-bearish. Short-term bias is therefore neutral-bullish with an initial resistance level at 2.27 whose loss would confirm the mid-term upwards turn.

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 61.69 66.05 The RSI 7 doesn't show any sign of overbuy/oversell.
RSI 14 57.45 59.87 The RSI 14 doesn't show any sign of overbuy/oversell.
RSI 21 55.54 57.22 The RSI 21 doesn't show any sign of overbuy/oversell.
RSI 50 51.50 52.25 The RSI 50 doesn't show any sign of overbuy/oversell.
RSI 200 46.05 46.22 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 2.20 2.21 Very short-term trend is bullish.
Simple Moving Average 21 2.18 2.19 Bullish mid-term trend.
Simple Moving Average 50 2.16 2.16 Bullish mid-term trend.
Simple Moving Average 200 2.30 2.30 Indefinite long-term trend.
Exponential Moving Average 7 2.20 2.22 Very short-term trend is bullish.
Exponential Moving Average 21 2.17 2.18 Bullish mid-term trend.
Exponential Moving Average 50 2.17 2.18 Bullish mid-term trend.
Exponential Moving Average 200 2.17 2.18 Indefinite long-term trend.
MACD Line 0.02 0.03 Price following bearish trend.
MACD Signal 0.02 0.02 Price following bearish trend.
Bollinger 95 n/a n/a
Bollinger 99 n/a n/a
Double Exponential Moving Average 7 2.18 2.18 Very short-term trend is bullish.
Double Exponential Moving Average 21 2.14 2.14 Bullish mid-term trend.
Double Exponential Moving Average 50 2.14 2.14 Bullish mid-term trend.
Double Exponential Moving Average 200 2.14 2.14 Indefinite long-term trend.
Divergences n/a n/a NO
On Balance Vol. 262,243.56 316,175.16 OBV is bullish
Momentum 7 0.07 0.09 High rising speed, though not extreme, in very short terms.
Momentum 7 0.02 0.08 Strong, though not extreme, rising speed in the short term.
% K Williams 0.00 5.00 Overbought, would favour a bearish turn.
Priority Date Notification
12/11/2019 By being close (above) the short-term Moving Average, it could move on to higher levels, though if it should break below the MA the signal would revert to bearish
12/11/2019 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-
12/11/2019 It's close to the mid-term moving average, which could turn into an overselling situation and rise the chance of rebounds
08/11/2019 It's now close and below the short/mid-term Moving Average, therefore it could drift downwards, but if it breaks above the MA would revert the signal
08/11/2019 It's close to the mid-term moving average, which could turn into an overselling situation and rise the chance of rebounds
05/11/2019 By being close (above) the short-term Moving Average, it could move on to higher levels, though if it should break below the MA the signal would revert to bearish
01/11/2019 It's close to the mid-term moving average, which could turn into an overbuying situation and rise the risk of falls
31/10/2019 Bearish signal from fast stochastic. Previous close's weakness points the risk of falls after a recent positive move.
30/10/2019 By being close (above) the short-term Moving Average, it could move on to higher levels, though if it should break below the MA the signal would revert to bearish
30/10/2019 Bearish signal from fast stochastic. Previous close's weakness points the risk of falls after a recent positive move.
29/10/2019 Bearish signal from fast stochastic. Previous close's weakness points the risk of falls after a recent positive move.