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Standard Chartered (STAN)

442.20p

16:05 07/07/20

  • -3.30% -15.10p
  • Today's Low & High
  • 442.10 / 453.30
  • Open / Previous Close
  • 452.40 / 442.20
  • 52-week range
  • -39.82% -292.60p
  • Volume
  • 2,993,899
  • Market Cap(million)
  • £13,956.64m

442.40p REAL TIME BATS

  • 16:30 07/07/20
  • -2.71%
  • -12.30p

Technical Analysis

Support and resistance levels

S1

4.14
-5.00%

R1

4.62
6.00%

S2

3.82
-12.00%

R2

7.39
70.00%

Technical comment

Short term
Medium term
Long term

Pivot Points

  • Levels of negotiation support
  • 4.28
  • 4.21
  • Levels of negotiation support resistance
  • 4.43
  • 4.51

Technical situation

The short term rebound goes above the resistance level at 5.24, it would be necessary to go above 4.62 to slightly improve.

Recommendation

Short term comment

Remains a mid-long term neutral-bearish trend, although rises from the last relative lows set at 3.82 stands for a neutral-bullish short-term bias. This movement's goals are found at last bearish move's origin at 4.62. 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 63.03 53.31 The RSI 7 doesn't show any sign of overbuy/oversell.
RSI 14 57.74 53.67 The RSI 14 doesn't show any sign of overbuy/oversell.
RSI 21 54.46 52.11 The RSI 21 doesn't show any sign of overbuy/oversell.
RSI 50 47.56 46.80 The RSI 50 doesn't show any sign of overbuy/oversell.
RSI 200 46.10 45.90 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 4.32 4.34 Very short-term trend is indefinite.
Simple Moving Average 21 4.34 4.34 Short/Mid-term trend is indefinite.
Simple Moving Average 50 4.13 4.14 Bullish mid-term trend.
Simple Moving Average 200 5.73 5.72
Exponential Moving Average 7 4.34 4.35 Very short-term trend is indefinite.
Exponential Moving Average 21 4.28 4.29 Short/Mid-term trend is indefinite.
Exponential Moving Average 50 4.28 4.29 Indefinite mid-term trend.
Exponential Moving Average 200 4.28 4.29 Indefinite long-term trend.
MACD Line 0.05 0.05 Possible price turn.
MACD Signal 0.05 0.05 Possible price turn.
Bollinger 95 n/a n/a
Bollinger 99 n/a n/a
Double Exponential Moving Average 7 4.30 4.31 Very short-term trend is indefinite.
Double Exponential Moving Average 21 4.21 4.22 Bullish mid-term trend.
Double Exponential Moving Average 50 4.21 4.22 Indefinite mid-term trend.
Double Exponential Moving Average 200 4.21 4.22 Indefinite long-term trend.
Divergences n/a n/a NO
On Balance Vol. 254,650.63 158,064.37 OBV is bullish
Momentum 7 0.16 0.10 High rising speed, though not extreme, in very short terms.
Momentum 7 0.25 0.06 Neutral speed of the short term move.
% K Williams 10.26 30.77 Neutral, doesn't favour a price turn.
Priority Date Notification
07/07/2020 By being close (above) the short-term Moving Average, it could move, if only temporarily, upwards, though the signal would revert to bearish if it should break below the MA
07/07/2020 It's now close and above the mid-term Moving Average, therefore it could move upwards, but if it breaks below the MA would revert the signal
03/07/2020 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
29/06/2020 By being close (below) the short-term Moving Average, it could move, if only temporarily, downwards, though the signal would revert to bullish if it should break above the MA
29/06/2020 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
23/06/2020 By being close (above) the short-term Moving Average, it could move, if only temporarily, upwards, though the signal would revert to bearish if it should break below the MA
17/06/2020 Bearish signal from fast stochastic. Previous close's weakness points the risk of falls after a recent positive move.
16/06/2020 Bearish signal from fast stochastic. Previous close's weakness points the risk of falls after a recent positive move.
15/06/2020 Slight weakness pointed by fast stochastics. Likely subsequent short-term drops.
12/06/2020 Slight weakness pointed by fast stochastics. Likely subsequent short-term drops.
10/06/2020 RSI7 points some overbuying, therefore bearish pressure is likely to increase in short terms.