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Weir Group (WEIR)

1,472.50p

15:35 23/09/19

  • -1.77% -26.50p
  • Today's Low & High
  • 1,442.50 / 1,497.50
  • Open / Previous Close
  • 1,494.00 / 1,472.50
  • 52-week range
  • -17.28% -307.50p
  • Volume
  • 751,016
  • Market Cap(million)
  • £3,822.64m

1,464.50p REAL TIME BATS

  • 16:30 23/09/19
  • -2.24%
  • -33.50p

Technical Analysis

Support and resistance levels

S1

14.43
-4.00%

R1

15.98
6.00%

S2

12.50
-17.00%

R2

18.14
21.00%

Technical comment

Short term
Medium term
Long term

Pivot Points

  • Levels of negotiation support
  • 14.87
  • 14.73
  • Levels of negotiation support resistance
  • 15.15
  • 15.29

Technical situation

The short term rebound goes above the resistance level at 16.6, it would be necessary to go above 15.98 to slightly improve.

Recommendation

Short term comment

Rises from the last lows marked at 12.5 reinforce heavily the mid/long-term neutral-bullish profile for the price. Goals for this phase are met at the last bearish move's origin at 15.98. Going above this resistance would be a very positive signal for every analysis term.

Long term comment

--

Indicator Previous Current Signal Comment
RSI 7 54.68 44.94 The RSI 7 doesn't show any sign of overbuy/oversell.
RSI 14 58.87 53.56 The RSI 14 doesn't show any sign of overbuy/oversell.
RSI 21 56.77 53.36 The RSI 21 doesn't show any sign of overbuy/oversell.
RSI 50 51.81 50.52 The RSI 50 doesn't show any sign of overbuy/oversell.
RSI 200 49.16 48.88 The RSI 200 doesn't show any sign of overbuy/oversell.
Fast Stochastic n/a n/a Bullish trend exhaustion signals, confirmed with turning signal.
Slow Stochastic n/a n/a Bullish trend exhaustion signals, confirmed with turning signal.
Simple Moving Average 7 15.63 15.57
Simple Moving Average 21 14.62 14.71 Short/Mid-term trend is indefinite.
Simple Moving Average 50 14.43 14.43 Bullish mid-term trend.
Simple Moving Average 200 15.09 15.09 Indefinite long-term trend.
Exponential Moving Average 7 15.47 15.36
Exponential Moving Average 21 14.89 14.90 Short/Mid-term trend is indefinite.
Exponential Moving Average 50 14.89 14.90 Indefinite mid-term trend.
Exponential Moving Average 200 14.89 14.90 Indefinite long-term trend.
MACD Line 0.45 0.40 Price following bearish trend.
MACD Signal 0.34 0.35 Price following bearish trend.
Bollinger 95 n/a n/a
Bollinger 99 n/a n/a
Double Exponential Moving Average 7 15.27 15.35
Double Exponential Moving Average 21 14.09 14.15 Bullish mid-term trend.
Double Exponential Moving Average 50 14.09 14.15 Bullish mid-term trend.
Double Exponential Moving Average 200 14.09 14.15 Indefinite long-term trend.
Divergences n/a n/a NO
On Balance Vol. 478,846.24 404,820.82 OBV is bullish
Momentum 7 -0.08 -0.67 High falling speed, though not extreme, in very short terms.
Momentum 7 0.68 0.54 Strong, though not extreme, rising speed in the short term.
% K Williams 56.84 86.88 Oversold, would favour a bullish turn.
Priority Date Notification
23/09/2019 Bearish signal from fast stochastic. Previous close's weakness points the risk of falls after a recent positive move.
20/09/2019 Bearish signal from fast stochastic. Previous close's weakness points the risk of falls after a recent positive move.
19/09/2019 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
19/09/2019 Bearish signal from fast stochastic. Previous close's weakness points the risk of falls after a recent positive move.
18/09/2019 Heavy overbuying according to RSI7, caution since it might stand for short-term falls.
18/09/2019 Bearish signal from fast stochastic. Previous close's weakness points the risk of falls after a recent positive move.
17/09/2019 RSI7 points some overbuying, therefore bearish pressure is likely to increase in short terms.
17/09/2019 Bearish signal from fast stochastic. Previous close's weakness points the risk of falls after a recent positive move.
16/09/2019 RSI7 points some overbuying, therefore bearish pressure is likely to increase in short terms.
16/09/2019 Bearish signal from fast stochastic. Previous close's weakness points the risk of falls after a recent positive move.
13/09/2019 RSI7 points some overbuying, therefore bearish pressure is likely to increase in short terms.