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Volex (VLX)

140.50p

15:34 04/08/20

  • -0.69% -1.00p
  • Today's Low & High
  • 138.00 / 142.47
  • Open / Previous Close
  • 140.00 / 144.00
  • 52-week range
  • 51.16% 48.40p
  • Volume
  • 116,253
  • Market Cap(million)
  • £213.91m

Technical Analysis

Support and resistance levels

S1

1.17
-19.00%

R1

1.46
1.00%

S2

0.84
-42.00%

R2

1.70
18.00%

Technical comment

Short term
Medium term
Long term

Pivot Points

  • Levels of negotiation support
  • 1.41
  • 1.39
  • Levels of negotiation support resistance
  • 1.47
  • 1.51

Technical situation

Short term falls extend with further objectives at 1.17

Recommendation

Short term comment

Remains a mid-long term neutral-bullish trend, although in the short term the bias is only neutral since it set highs at 1.7. The recent lows set at 1.3 provide some support, though additional wider falls can't be yet ruled out; these would have a goal at 1.17. Rebounds from these levels would only bias upwards the short term if it should break above the resistance at 1.46.

Long term comment

From some months ago, long-term scenario remains bullish. However, it must be considered that, since the last highs, it's showing certain exhaustion in this trend, which should stand for extreme caution in spite of a downwards turn.

Indicator Previous Current Signal Comment
RSI 7 42.48 56.51 The RSI 7 doesn't show any sign of overbuy/oversell.
RSI 14 42.41 51.30 The RSI 14 doesn't show any sign of overbuy/oversell.
RSI 21 44.65 50.67 The RSI 21 doesn't show any sign of overbuy/oversell.
RSI 50 49.22 51.39 The RSI 50 doesn't show any sign of overbuy/oversell.
RSI 200 51.89 52.50 The RSI 200 doesn't show any sign of overbuy/oversell.
Fast Stochastic n/a n/a Bearish trend exhaustion signals, without turning signal.
Slow Stochastic n/a n/a Intermediate zone for the indicator, no exhaustion signal.
Simple Moving Average 7 1.39 1.39 Very short-term trend is bullish.
Simple Moving Average 21 1.43 1.43 Short/Mid-term trend is indefinite.
Simple Moving Average 50 1.46 1.46 Indefinite mid-term trend.
Simple Moving Average 200 1.34 1.34 Indefinite long-term trend.
Exponential Moving Average 7 1.38 1.39 Very short-term trend is bullish.
Exponential Moving Average 21 1.42 1.42 Short/Mid-term trend is indefinite.
Exponential Moving Average 50 1.42 1.42 Indefinite mid-term trend.
Exponential Moving Average 200 1.42 1.42 Indefinite long-term trend.
MACD Line -0.03 -0.02 Possible price turn.
MACD Signal -0.02 -0.02 Possible price turn.
Bollinger 95 n/a n/a
Bollinger 99 n/a n/a
Double Exponential Moving Average 7 1.41 1.41 Very short-term trend is bullish.
Double Exponential Moving Average 21 1.46 1.46 Short/Mid-term trend is indefinite.
Double Exponential Moving Average 50 1.46 1.46 Indefinite mid-term trend.
Double Exponential Moving Average 200 1.46 1.46 Indefinite long-term trend.
Divergences n/a n/a NO
On Balance Vol. -1,355.77 -576.69 OBV is bearish.
Momentum 7 -0.06 -0.01 Neutral speed of the very short term move.
Momentum 7 -0.08 -0.01 Neutral speed of the short term move.
% K Williams 52.17 21.74 Neutral, doesn't favour a price turn.
Priority Date Notification
05/08/2020 Moderate strength signals from fast stochastic anticipate likely short-term rebounds.
04/08/2020 Moderate strength signals from fast stochastic anticipate likely short-term rebounds.
03/08/2020 RSI7 points some overselling, which if increasing, is likely to reflect renewed short term bullish pressure.
03/08/2020 Moderate strength signals from fast stochastic anticipate likely short-term rebounds.
31/07/2020 Moderate strength signals from fast stochastic anticipate likely short-term rebounds.
30/07/2020 Moderate strength signals from fast stochastic anticipate likely short-term rebounds.
29/07/2020 Bullish signal from fast stochastic. Previous close points the chance of rebounds after a recent negative move.
28/07/2020 Bullish signal from fast stochastic. Previous close points the chance of rebounds after a recent negative move.
27/07/2020 Bullish signal from fast stochastic. Previous close points the chance of rebounds after a recent negative move.
24/07/2020 Bullish signal from fast stochastic. Previous close points the chance of rebounds after a recent negative move.
23/07/2020 Moderate strength signals from fast stochastic anticipate likely short-term rebounds.