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WPP (WPP)

665.40p

16:05 23/10/20

  • 1.74% 11.40p
  • Today's Low & High
  • 652.60 / 668.60
  • Open / Previous Close
  • 652.60 / 665.40
  • 52-week range
  • -27.74% -255.40p
  • Volume
  • 2,208,628
  • Market Cap(million)
  • £8,153.35m

664.40p REAL TIME BATS

  • 16:30 23/10/20
  • 0.91%
  • 6.00p

Technical Analysis

Support and resistance levels

S1

624.40
-4.53%

R1

690.27
5.55%

S2

605.25
-7.45%

R2

725.47
10.93%

Technical comment

Short term
Medium term
Long term

Pivot Points

  • Levels of negotiation support
  • 645.73
  • 637.47
  • Levels of negotiation support resistance
  • 663.33
  • 672.67

Technical situation

Monitor critical support in 624.402, weakness below.

Recommendation

Short term comment

A technical perspective allows the movement to be established as bullish but very close to the support and critical area that today generates the upward guideline in 624.402 levels. The 624.402 - 605.248 range represents an area of ??greater neutrality, so the loss of 624.402 would prevent a bullish rating.

Long term comment

The fall in prices from 1009.999, to 418.701 drilled the previous lows, in august 2019, at 692.212, looking for lower levels up to 418.701 (23-may-2020). The current uptrend, however, is limited, since it does not show a solid overrun of the aforementioned benchmark of 692.212, levels.

Indicator Previous Current Signal Comment
RSI 7 60.60 54.50 The RSI does not warn of overbought or oversold.
RSI 14 60.50 57.90 The RSI does not warn of overbought or oversold.
RSI 21 58.40 56.90 The RSI does not warn of overbought or oversold.
RSI 50 53.40 52.90 The RSI does not warn of overbought or oversold.
RSI 200 48.90 48.80 The RSI does not warn of overbought or oversold.
Fast Stochastic n/a n/a Indicator in intermediate zone, with no sign of exhaustion.
Slow Stochastic n/a n/a Signs of bullish exhaustion with turn signal.
Simple Moving Average 7 657.23 656.57 Lack of trend in the very short term.
Simple Moving Average 21 630.90 635.13 Bullish trend in the short-medium term.
Simple Moving Average 50 620.58 620.96 Bullish medium term trend.
Simple Moving Average 200 645.88 644.22 Lack of long-term trend.
Exponential Moving Average 7 657.30 656.48 Lack of trend in the very short term.
Exponential Moving Average 21 640.52 641.75 Lack of trend in the short-medium term.
Exponential Moving Average 50 624.87 626.01 Bullish medium term trend.
Exponential Moving Average 200 657.23 657.20 Lack of long-term trend.
MACD Line -7.40 -5.70 Price in uptrend.
MACD Signal -1.40 0.30 Price in uptrend.
Bollinger 95 n/a n/a
Bollinger 99 n/a n/a
Double Exponential Moving Average 7 657.30 656.48 Lack of trend in the very short term.
Double Exponential Moving Average 21 640.52 641.75 Lack of trend in the short-medium term.
Double Exponential Moving Average 50 624.87 626.01 Bullish medium term trend.
Double Exponential Moving Average 200 657.23 657.20 Lack of long-term trend.
Divergences n/a n/a NO
On Balance Vol. 62,481,462.00 59,665,356.00 OBV supports recoveries.
Momentum 7 0.40 0.20 Neutral speed of very short-term movement.
Momentum 7 42.92 15.27 Upload speed in the very short term is extremely fast.
% K Williams 12.70 16.80 Overbought, would support a bearish turn.
Priority Date Notification
23/10/2020 Being near (below) the short-term moving average may react at least temporarily to the downside, but if it breaks above the level the signal would be reversed to bullish.
23/10/2020 Being near (below) the short-term moving average may react at least temporarily to the downside, but if it breaks above the level the signal would be reversed to bullish.
22/10/2020 A price above the moving average indicates an upward trend. Consequently, if the price is dragged below, it would change to bearish.
22/10/2020 A price above the moving average indicates an upward trend. Consequently, if the price is dragged below, it would change to bearish.
22/10/2020 Fast Stochastic bearish signal. The weakness in the previous close indicates the possibility of suffering from downside momentum after a more positive recent phase.
21/10/2020 A price above the moving average indicates an upward trend. Consequently, if the price is dragged below, it would change to bearish.
21/10/2020 A price above the moving average indicates an upward trend. Consequently, if the price is dragged below, it would change to bearish.
21/10/2020 Fast Stochastic bearish signal. The weakness in the previous close indicates the possibility of some fresh selling after a more positive recent phase.
20/10/2020 Being near (below) the short-term moving average may react at least temporarily to the downside, but if it breaks above the level the signal would be reversed to bullish.
20/10/2020 A price above the moving average indicates an upward trend. Consequently, if the price is dragged below, it would change to bearish.
20/10/2020 Some weakness showed at the fast stochastics may kept a lid on any meaningful positive move.