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Volex (VLX)

240.00p

15:40 21/10/20

  • 0.00% 0.00p
  • Today's Low & High
  • 232.00 / 242.00
  • Open / Previous Close
  • 242.00 / 240.00
  • 52-week range
  • 155.05% 145.90p
  • Volume
  • 571,387
  • Market Cap(million)
  • £365.40m

Technical Analysis

Support and resistance levels

S1

1.55
-2.00%

R1

2.04
29.00%

S2

1.47
-7.00%

R2

2.50
58.00%

Technical comment

Short term
Medium term
Long term

Pivot Points

  • Levels of negotiation support
  • 1.54
  • 1.51
  • Levels of negotiation support resistance
  • 1.60
  • 1.63

Technical situation

It's bullish, however must be watched upon since it has only very slightly gone above the previous mid/long-term resistance at 1.55.

Recommendation

Short term comment

Going above the mid-long term previous resistance located at 1.55 allows mid-term trend to be bullish biased; however it must be noted that it has gone above only by a 1.9. Even so, the profile is bullish for every analysis term.

Long term comment

From some months ago, long-term scenario remains bullish. Exhaustion signals that could alert for a trend turn, furthermore, are not yet noticeable.

Indicator Previous Current Signal Comment
RSI 7 67.83 70.79 The RSI 7 doesn't show any sign of overbuy/oversell.
RSI 14 61.45 63.26 The RSI 14 doesn't show any sign of overbuy/oversell.
RSI 21 58.45 59.77 The RSI 21 doesn't show any sign of overbuy/oversell.
RSI 50 54.68 55.24 The RSI 50 doesn't show any sign of overbuy/oversell.
RSI 200 53.46 53.62 The RSI 200 doesn't show any sign of overbuy/oversell.
Fast Stochastic n/a n/a Heavy exhaustion of the bullish movement, however with no turning signal yet.
Slow Stochastic n/a n/a Heavy exhaustion of the bullish movement, however with no turning signal yet.
Simple Moving Average 7 1.52 1.54 Very short-term trend is bullish.
Simple Moving Average 21 1.45 1.45 Bullish mid-term trend.
Simple Moving Average 50 1.47 1.47 Bullish mid-term trend.
Simple Moving Average 200 1.36 1.37 Bullish long-term trend.
Exponential Moving Average 7 1.52 1.54 Very short-term trend is bullish.
Exponential Moving Average 21 1.47 1.48 Bullish mid-term trend.
Exponential Moving Average 50 1.47 1.48 Bullish mid-term trend.
Exponential Moving Average 200 1.47 1.48 Indefinite long-term trend.
MACD Line 0.03 0.03 Price following bearish trend.
MACD Signal 0.00 0.01 Price following bearish trend.
Bollinger 95 n/a n/a
Bollinger 99 n/a n/a
Double Exponential Moving Average 7 1.46 1.48 Extremely bullish very short-term trend.
Double Exponential Moving Average 21 1.45 1.45 Bullish mid-term trend.
Double Exponential Moving Average 50 1.45 1.45 Bullish mid-term trend.
Double Exponential Moving Average 200 1.45 1.45 Indefinite long-term trend.
Divergences n/a n/a NO
On Balance Vol. 15,626.39 19,763.53 OBV is bullish
Momentum 7 0.13 0.11 Extremely high rising speed in the very short term.
Momentum 7 0.18 0.18 Extremely high short-term rising speed.
% K Williams 13.33 9.09 Overbought, would favour a bearish turn.
Priority Date Notification
18/08/2020 Bearish signal from fast stochastic. Previous close's weakness points the risk of falls after a recent positive move.
17/08/2020 Bearish signal from fast stochastic. Previous close's weakness points the risk of falls after a recent positive move.
14/08/2020 Slight weakness pointed by fast stochastics. Likely subsequent short-term drops.
13/08/2020 Slight weakness pointed by fast stochastics. Likely subsequent short-term drops.
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.