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WPP (WPP)

483.70p

16:05 03/04/20

  • -6.26% -32.30p
  • Today's Low & High
  • 481.30 / 520.04
  • Open / Previous Close
  • 509.40 / 483.70
  • 52-week range
  • -43.21% -368.10p
  • Volume
  • 4,463,493
  • Market Cap(million)
  • £5,926.92m

482.50p REAL TIME BATS

  • 16:39 03/04/20
  • -5.47%
  • -27.90p

Technical Analysis

Support and resistance levels

S1

4.75
-6.00%

R1

7.75
53.00%

S2

4.75
-6.00%

R2

10.40
106.00%

Technical comment

Short term
Medium term
Long term

Pivot Points

  • Levels of negotiation support
  • 4.89
  • 4.70
  • Levels of negotiation support resistance
  • 5.25
  • 5.42

Technical situation

Bearish bias after the loss of support at 4.97/ Very short-term stabilization above 4.75.

Recommendation

Short term comment

Losses from the last relative highs set at 10.4 makes the long-term bullish scenario to be recently discarded. Very short-term falls restrainment gives a positive signal that will remain as long as it doesn't lose support at 4.75.

Long term comment

Indicator Previous Current Signal Comment
RSI 7 36.45 38.09 The RSI 7 doesn't show any sign of overbuy/oversell.
RSI 14 30.67 31.54 The RSI 14 doesn't show any sign of overbuy/oversell.
RSI 21 28.71 29.34 The RSI 21 doesn't show any sign of overbuy/oversell.
RSI 50 30.75 31.07 The RSI 50 doesn't show any sign of overbuy/oversell.
RSI 200 41.05 41.14 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 5.26 5.24
Simple Moving Average 21 5.71 5.58
Simple Moving Average 50 7.85 7.75 Bearish mid-term trend.
Simple Moving Average 200 9.35 9.32 Bearish long-term trend.
Exponential Moving Average 7 5.22 5.18
Exponential Moving Average 21 5.88 5.80 Bearish mid-term trend.
Exponential Moving Average 50 5.88 5.80
Exponential Moving Average 200 5.88 5.80
MACD Line -0.80 -0.77 Price following bearish trend.
MACD Signal -0.93 -0.90 Price following bearish trend.
Bollinger 95 n/a n/a
Bollinger 99 n/a n/a
Double Exponential Moving Average 7 5.23 5.23
Double Exponential Moving Average 21 7.19 7.04 Bearish mid-term trend.
Double Exponential Moving Average 50 7.19 7.04 Bearish mid-term trend.
Double Exponential Moving Average 200 7.19 7.04
Divergences n/a n/a NO
On Balance Vol. 273,013.59 571,298.26 OBV is bullish
Momentum 7 -0.12 -0.35 Extremely high falling speed in the very short term.
Momentum 7 -0.78 0.17 Strong, though not extreme, rising speed in the short term.
% K Williams 60.18 56.64 Neutral, doesn't favour a price turn.
Priority Date Notification
02/04/2020 Moderate strength signals from fast stochastic anticipate likely short-term rebounds.
01/04/2020 By being close (above) the short-term Moving Average, it could move on to higher levels, though if it should break below the MA the signal would revert to bearish
01/04/2020 Moderate strength signals from fast stochastic anticipate likely short-term rebounds.
31/03/2020 Moderate strength signals from fast stochastic anticipate likely short-term rebounds.
30/03/2020 Moderate strength signals from fast stochastic anticipate likely short-term rebounds.
27/03/2020 Moderate strength signals from fast stochastic anticipate likely short-term rebounds.
26/03/2020 RSI14 points some overselling, which if increasing, is likely to reflect renewed short and mid term bullish pressure.
26/03/2020 RSI7 points some overselling, which if increasing, is likely to reflect renewed mid term bullish pressure.
26/03/2020 Moderate strength signals from fast stochastic anticipate likely short-term rebounds.
25/03/2020 Clear oversell according to RSI7, which could develop a short-term turn.
25/03/2020 Clear oversell according to RSI14, which could develop a short/mid-term turn.