sharecast

{{ storiesRelated.title }}

Victrex plc (VCT)

2,180.00p

16:00 22/10/19

  • 0.65% 14.00p
  • Today's Low & High
  • 2,160.00 / 2,190.00
  • Open / Previous Close
  • 2,162.00 / 2,180.00
  • 52-week range
  • -14.71% -376.00p
  • Volume
  • 201,321
  • Market Cap(million)
  • £1,884.77m

2,185.00p REAL TIME BATS

  • 16:55 22/10/19
  • 0.41%
  • 9.00p

Technical Analysis

Support and resistance levels

S1

20.74
-4.00%

R1

21.82
1.00%

S2

20.00
-8.00%

R2

24.00
11.00%

Technical comment

Short term
Medium term
Long term

Pivot Points

  • Levels of negotiation support
  • 21.44
  • 21.22
  • Levels of negotiation support resistance
  • 21.88
  • 22.10

Technical situation

The rebound has gone above the previous bearish impulse origin at 21.66 biasing the short term upwards.

Recommendation

Short term comment

Rises from the last lows set at 20 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 21.82 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 68.00 70.54 The RSI 7 doesn't show any sign of overbuy/oversell.
RSI 14 58.67 59.99 The RSI 14 doesn't show any sign of overbuy/oversell.
RSI 21 56.17 57.02 The RSI 21 doesn't show any sign of overbuy/oversell.
RSI 50 51.89 52.24 The RSI 50 doesn't show any sign of overbuy/oversell.
RSI 200 48.74 48.83 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 Bullish trend exhaustion signals, without turning signal.
Simple Moving Average 7 21.28 21.43 Very short-term trend is indefinite.
Simple Moving Average 21 21.01 21.03 Bullish mid-term trend.
Simple Moving Average 50 20.69 20.74 Bullish mid-term trend.
Simple Moving Average 200 21.82 21.82 Indefinite long-term trend.
Exponential Moving Average 7 21.29 21.38 Very short-term trend is bullish.
Exponential Moving Average 21 21.08 21.13 Bullish mid-term trend.
Exponential Moving Average 50 21.08 21.13 Indefinite mid-term trend.
Exponential Moving Average 200 21.08 21.13 Indefinite long-term trend.
MACD Line 0.11 0.14 Price following bearish trend.
MACD Signal 0.03 0.05 Price following bearish trend.
Bollinger 95 n/a n/a
Bollinger 99 n/a n/a
Double Exponential Moving Average 7 20.93 21.05 Very short-term trend is bullish.
Double Exponential Moving Average 21 21.08 21.08 Bullish mid-term trend.
Double Exponential Moving Average 50 21.08 21.08 Indefinite mid-term trend.
Double Exponential Moving Average 200 21.08 21.08 Indefinite long-term trend.
Divergences n/a n/a NO
On Balance Vol. 33,054.95 38,064.27 OBV is bullish
Momentum 7 0.96 0.57 High rising speed, though not extreme, in very short terms.
Momentum 7 0.14 1.16 Strong, though not extreme, rising speed in the short term.
% K Williams 18.91 15.38 Overbought, would favour a bearish turn.
Priority Date Notification
15/10/2019 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
15/10/2019 Moderate strength signals from fast stochastic anticipate likely short-term rebounds.
14/10/2019 Moderate strength signals from fast stochastic anticipate likely short-term rebounds.
11/10/2019 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
11/10/2019 Bullish signal from fast stochastic. Previous close points the chance of rebounds after a recent negative move.
10/10/2019 Bullish signal from fast stochastic. Previous close points the chance of rebounds after a recent negative move.
09/10/2019 Bullish signal from fast stochastic. Previous close points the chance of rebounds after a recent negative move.
08/10/2019 RSI7 points some overselling, which if increasing, is likely to reflect renewed short term bullish pressure.
07/10/2019 RSI7 points some overselling, which if increasing, is likely to reflect renewed short term bullish pressure.
03/10/2019 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
02/10/2019 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