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Weir Group (WEIR)

1,958.50p

15:35 20/01/21

  • -0.31% -6.00p
  • Today's Low & High
  • 1,948.50 / 2,003.00
  • Open / Previous Close
  • 1,962.50 / 1,958.50
  • 52-week range
  • 35.07% 508.50p
  • Volume
  • 653,501
  • Market Cap(million)
  • £5,084.50m

1,962.00p REAL TIME BATS

  • 16:29 20/01/21
  • 0.15%
  • 3.00p

Technical Analysis

Support and resistance levels

S1

1,688.00
-13.81%

R1

2,079.00
6.15%

S2

1,520.00
-22.39%

R2

2,188.00
11.72%

Technical comment

Short term
Medium term
Long term

Pivot Points

  • Levels of negotiation support
  • 1,937.00
  • 1,915.50
  • Levels of negotiation support resistance
  • 1,991.50
  • 2,024.50

Technical situation

Monitor critical support in 1688, weakness below.

Recommendation

Short term comment

The current price phase warns of a scenario bullish but very close to the support and critical area that today generates the upward guideline in 1688 levels. The 1688 - 1520 range represents an area of ??greater neutrality, so the loss of 1688 would prevent a bullish rating.

Long term comment

The price has a strong volatility in the structure of long-term prices. In this sense, it showed a bullish trend from 1187.059 to 1558.668, (23-january-2020/13-february-2020) which was corrected not only in its entirety, but also marked new lows at 585.670 (24-june-2020) . After that, the new bullish phase advanced 263.7%, surpassing the previous high in 1558.668.

Indicator Previous Current Signal Comment
RSI 7 33.10 31.60 The RSI does not warn of overbought or oversold.
RSI 14 51.00 50.10 The RSI does not warn of overbought or oversold.
RSI 21 56.90 56.20 The RSI does not warn of overbought or oversold.
RSI 50 60.80 60.50 The RSI does not warn of overbought or oversold.
RSI 200 55.70 55.60 The RSI does not warn of overbought or oversold.
Fast Stochastic n/a n/a Signs of bearish exhaustion with turn signal.
Slow Stochastic n/a n/a Sign of significant bearish exhaustion but no turn signal.
Simple Moving Average 7 2,013.79 1,997.43 Trend in the very short term bearish.
Simple Moving Average 21 2,014.93 2,016.91 Bearish trend in the short-medium term.
Simple Moving Average 50 1,836.56 1,845.55 Bullish medium term trend.
Simple Moving Average 200 1,337.62 1,343.76 Extremely bullish in the long-term trend.
Exponential Moving Average 7 2,004.27 1,992.83 Trend in the very short term bearish.
Exponential Moving Average 21 1,984.16 1,981.82 Lack of trend in the short-medium term.
Exponential Moving Average 50 1,854.05 1,858.14 Bullish medium term trend.
Exponential Moving Average 200 1,498.58 1,503.15 Long-term bullish.
MACD Line 10.30 14.20 Price in uptrend.
MACD Signal 38.40 39.10 Price in uptrend.
Bollinger 95 n/a n/a
Bollinger 99 n/a n/a
Double Exponential Moving Average 7 2,004.27 1,992.83 Trend in the very short term bearish.
Double Exponential Moving Average 21 1,984.16 1,981.82 Lack of trend in the short-medium term.
Double Exponential Moving Average 50 1,854.05 1,858.14 Bullish medium term trend.
Double Exponential Moving Average 200 1,498.58 1,503.15 Long-term bullish.
Divergences n/a n/a NO
On Balance Vol. -2,015,459.00 -2,668,960.00 OBV supports falls.
Momentum 7 -108.50 -89.50 Short term fall speed is extremely fast.
Momentum 7 -93.50 -31.00 Short term fall speed is extremely fast.
% K Williams 57.30 67.30 Neutral, does not support price spin.
Priority Date Notification
21/01/2021 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.
21/01/2021 Being near (below) the short-term moving average may lead to a decline, although if it breaks above the level the signal would be reversed to bullish.
21/01/2021 Bullish fast stochastic signal. The previous close indicates the possibility of rebounds after a recent negative phase.
20/01/2021 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.
20/01/2021 Being near (below) the short-term moving average may lead to a decline, although if it breaks above the level the signal would be reversed to bullish.
20/01/2021 Bullish fast stochastic signal. The previous close indicates the possibility of rebounds after a recent negative phase.
19/01/2021 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.
19/01/2021 Being near (below) the short-term moving average may lead to a decline, although if it breaks above the level the signal would be reversed to bullish.
19/01/2021 Bullish fast stochastic signal. The previous close indicates the possibility of renewed bullish momentum after a recent negative phase.
19/01/2021 The price is close to a resistance level so it is recommended to monitor behavior when reaching it.
18/01/2021 Being near (below) the short-term moving average may lead to a decline, although if it breaks above the level the signal would be reversed to bullish.