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WPP (WPP)

644.20p

16:05 11/08/20

  • 3.80% 23.60p
  • Today's Low & High
  • 626.00 / 646.00
  • Open / Previous Close
  • 626.20 / 644.20
  • 52-week range
  • -34.33% -336.80p
  • Volume
  • 2,663,589
  • Market Cap(million)
  • £7,893.57m

643.70p REAL TIME BATS

  • 16:38 11/08/20
  • 3.59%
  • 22.30p

Technical Analysis

Support and resistance levels

S1

5.68
-9.00%

R1

7.73
25.00%

S2

4.75
-24.00%

R2

10.78
74.00%

Technical comment

Short term
Medium term
Long term

Pivot Points

  • Levels of negotiation support
  • 6.12
  • 6.03
  • Levels of negotiation support resistance
  • 6.29
  • 6.37

Technical situation

Bearish in the long term, though short term won't be bearish-biased as long as it doesn't lose support at 4.75.

Recommendation

Short term comment

Though long-term trend or scenario is bearish, in the mid-term it stands for neutral. Only if it should lose the first important support located at 4.75, los intermediate terms would be bearish-biased together with the long-term structures.

Long term comment

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

Indicator Previous Current Signal Comment
RSI 7 58.08 63.19 The RSI 7 doesn't show any sign of overbuy/oversell.
RSI 14 51.82 54.45 The RSI 14 doesn't show any sign of overbuy/oversell.
RSI 21 50.27 51.94 The RSI 21 doesn't show any sign of overbuy/oversell.
RSI 50 47.43 48.05 The RSI 50 doesn't show any sign of overbuy/oversell.
RSI 200 45.67 45.82 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 5.96 6.02 Very short-term trend is bullish.
Simple Moving Average 21 6.03 6.06 Bullish mid-term trend.
Simple Moving Average 50 6.27 6.26 Indefinite mid-term trend.
Simple Moving Average 200 7.75 7.73
Exponential Moving Average 7 6.04 6.09 Very short-term trend is bullish.
Exponential Moving Average 21 6.06 6.07 Bullish mid-term trend.
Exponential Moving Average 50 6.06 6.07 Indefinite mid-term trend.
Exponential Moving Average 200 6.06 6.07 Indefinite long-term trend.
MACD Line -0.04 -0.02 Price following bearish trend.
MACD Signal -0.06 -0.05 Price following bearish trend.
Bollinger 95 n/a n/a
Bollinger 99 n/a n/a
Double Exponential Moving Average 7 5.97 5.98 Very short-term trend is bullish.
Double Exponential Moving Average 21 6.13 6.12 Short/Mid-term trend is indefinite.
Double Exponential Moving Average 50 6.13 6.12 Indefinite mid-term trend.
Double Exponential Moving Average 200 6.13 6.12 Indefinite long-term trend.
Divergences n/a n/a NO
On Balance Vol. -156,513.70 -216,938.46 OBV is bearish.
Momentum 7 0.38 0.53 Extremely high rising speed in the very short term.
Momentum 7 0.06 0.14 Strong, though not extreme, rising speed in the short term.
% K Williams 18.18 12.68 Overbought, would favour a bearish turn.
Priority Date Notification
04/08/2020 RSI7 points some overselling, which if increasing, is likely to reflect renewed short term bullish pressure.
30/07/2020 By being close (below) the short-term Moving Average, it could move on to lower levels, though if it should break above the MA the signal would revert to bullish
30/07/2020 By being close (above) the short/mid-term Moving Average, it could move on to higher levels, though if it should break below the MA the signal would revert to bearish
29/07/2020 By being close (above) the short/mid-term Moving Average, it could move on to higher levels, though if it should break below the MA the signal would revert to bearish
24/07/2020 By being close (below) the short/mid-term Moving Average, it could move on to lower levels, though if it should break above the MA the signal would revert to bullish
23/07/2020 By being close (below) the short-term Moving Average, it could move on to lower levels, though if it should break above the MA the signal would revert to bullish
23/07/2020 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
21/07/2020 By being close (above) the short/mid-term Moving Average, it could move on to higher levels, though if it should break below the MA the signal would revert to bearish
20/07/2020 It's close to the mid-term moving average, which could turn into an overselling situation and rise the chance of rebounds
20/07/2020 Moderate strength signals from fast stochastic anticipate likely short-term rebounds.
17/07/2020 Moderate strength signals from fast stochastic anticipate likely short-term rebounds.