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WPP (WPP)

968.20p

15:59 21/02/20

  • -1.63% -16.00p
  • Today's Low & High
  • 966.40 / 984.60
  • Open / Previous Close
  • 978.20 / 968.20
  • 52-week range
  • 14.36% 121.60p
  • Volume
  • 3,139,822
  • Market Cap(million)
  • £11,980.63m

968.60p REAL TIME BATS

  • 16:39 21/02/20
  • -1.33%
  • -13.10p

Technical Analysis

Support and resistance levels

S1

9.81
0.00%

R1

10.14
3.00%

S2

9.08
-7.00%

R2

10.40
6.00%

Technical comment

Short term
Medium term
Long term

Pivot Points

  • Levels of negotiation support
  • 9.72
  • 9.66
  • Levels of negotiation support resistance
  • 9.87
  • 9.96

Technical situation

Fully retracing the last bullish impulse / Wait for development between 9.51 and 9.08.

Recommendation

Short term comment

Remains a mid-long term neutral-bullish trend, although falls from the last relative highs set at 10.4 stands for a strictly neutral short-term bias. This move has a first support level by the recent lows set at 9.51. Loss of this support would be a negative signal and likely mean a mid-term downwards turn that would be confirmed if it lost 9.08. On the other hand, going above 10.14 Would stand for cancelling the bearish signs.

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 43.68 52.40 The RSI 7 doesn't show any sign of overbuy/oversell.
RSI 14 41.25 45.07 The RSI 14 doesn't show any sign of overbuy/oversell.
RSI 21 42.83 45.07 The RSI 21 doesn't show any sign of overbuy/oversell.
RSI 50 47.79 48.50 The RSI 50 doesn't show any sign of overbuy/oversell.
RSI 200 48.53 48.67 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 9.77 9.79 Very short-term trend is indefinite.
Simple Moving Average 21 9.80 9.78 Short/Mid-term trend is indefinite.
Simple Moving Average 50 10.14 10.14 Indefinite mid-term trend.
Simple Moving Average 200 9.81 9.81 Indefinite long-term trend.
Exponential Moving Average 7 9.77 9.78 Very short-term trend is indefinite.
Exponential Moving Average 21 9.86 9.85 Short/Mid-term trend is indefinite.
Exponential Moving Average 50 9.86 9.85 Indefinite mid-term trend.
Exponential Moving Average 200 9.86 9.85 Indefinite long-term trend.
MACD Line -0.11 -0.10 Price following bearish trend.
MACD Signal -0.13 -0.13 Price following bearish trend.
Bollinger 95 n/a n/a
Bollinger 99 n/a n/a
Double Exponential Moving Average 7 9.75 9.76 Very short-term trend is indefinite.
Double Exponential Moving Average 21 10.07 10.04
Double Exponential Moving Average 50 10.07 10.04 Indefinite mid-term trend.
Double Exponential Moving Average 200 10.07 10.04 Indefinite long-term trend.
Divergences n/a n/a NO
On Balance Vol. 31,382.32 66,175.64 OBV is bullish
Momentum 7 0.07 0.05 Neutral speed of the very short term move.
Momentum 7 0.10 0.30 Strong, though not extreme, rising speed in the short term.
% K Williams 57.89 42.11 Neutral, doesn't favour a price turn.
Priority Date Notification
21/02/2020 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
21/02/2020 It's now close and above the mid-term Moving Average, therefore it could move upwards, but if it breaks below the MA would revert the signal
20/02/2020 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
20/02/2020 Since it's close and above the short/mid-term Moving Average it could move upwards -though it it should break below the MA would revert the signal-
20/02/2020 It's close to the mid-term moving average, which could turn into an overbuying situation and rise the risk of falls
19/02/2020 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
17/02/2020 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
17/02/2020 Since it's close and above the short/mid-term Moving Average it could move upwards -though it it should break below the MA would revert the signal-
14/02/2020 Since it's close and above the short/mid-term Moving Average it could move upwards -though it it should break below the MA would revert the signal-
12/02/2020 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
12/02/2020 Moderate strength signals from fast stochastic anticipate likely short-term rebounds.