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Weir Group (WEIR)

1,568.00p

16:05 23/10/20

  • 3.26% 49.50p
  • Today's Low & High
  • 1,520.50 / 1,583.00
  • Open / Previous Close
  • 1,529.50 / 1,568.00
  • 52-week range
  • 15.59% 211.50p
  • Volume
  • 904,840
  • Market Cap(million)
  • £4,070.72m

1,571.00p REAL TIME BATS

  • 16:30 23/10/20
  • 3.56%
  • 54.00p

Technical Analysis

Support and resistance levels

S1

1,306.75
-16.66%

R1

1,682.17
7.28%

S2

1,195.00
-23.79%

R2

1,807.17
15.25%

Technical comment

Short term
Medium term
Long term

Pivot Points

  • Levels of negotiation support
  • 1,531.33
  • 1,494.67
  • Levels of negotiation support resistance
  • 1,593.83
  • 1,619.67

Technical situation

Monitor critical support in 1306.75, weakness below.

Recommendation

Short term comment

Technically, the structure of the price is bullish but very close to the support and critical area that today generates the upward guideline in 1306.75 levels. The 1306.75 - 1195 range represents an area of ??greater neutrality, so the loss of 1306.75 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, (25-december-2019/15-january-2020) which was corrected not only in its entirety, but also marked new lows at 585.670 (26-may-2020) . After that, the new bullish phase advanced 185.2%, surpassing the previous high in 1558.668.

Indicator Previous Current Signal Comment
RSI 7 44.50 57.10 The RSI does not warn of overbought or oversold.
RSI 14 57.30 62.20 The RSI does not warn of overbought or oversold.
RSI 21 59.50 62.70 The RSI does not warn of overbought or oversold.
RSI 50 58.70 60.20 The RSI does not warn of overbought or oversold.
RSI 200 52.70 53.20 The RSI does not warn of overbought or oversold.
Fast Stochastic n/a n/a Indicator in intermediate zone, with no sign of exhaustion.
Slow Stochastic n/a n/a Indicator in intermediate zone, with no sign of exhaustion.
Simple Moving Average 7 1,577.07 1,571.93 Lack of trend in the very short term.
Simple Moving Average 21 1,462.38 1,479.64 Bullish trend in the short-medium term.
Simple Moving Average 50 1,363.70 1,367.90 Bullish medium term trend.
Simple Moving Average 200 1,149.79 1,150.56 Extremely bullish in the long-term trend.
Exponential Moving Average 7 1,560.95 1,562.72 Lack of trend in the very short term.
Exponential Moving Average 21 1,492.33 1,499.21 Bullish trend in the short-medium term.
Exponential Moving Average 50 1,384.49 1,391.68 Bullish medium term trend.
Exponential Moving Average 200 1,237.70 1,240.99 Long-term bullish.
MACD Line -18.40 -16.50 Price in uptrend.
MACD Signal 16.70 17.20 Price in uptrend.
Bollinger 95 n/a n/a
Bollinger 99 n/a n/a
Double Exponential Moving Average 7 1,560.95 1,562.72 Lack of trend in the very short term.
Double Exponential Moving Average 21 1,492.33 1,499.21 Bullish trend in the short-medium term.
Double Exponential Moving Average 50 1,384.49 1,391.68 Bullish medium term trend.
Double Exponential Moving Average 200 1,237.70 1,240.99 Long-term bullish.
Divergences n/a n/a NO
On Balance Vol. -8,653,981.00 -7,749,141.00 OBV supports falls.
Momentum 7 -85.50 -36.00 Short term fall speed is extremely fast.
Momentum 7 35.00 64.00 Upload speed in the very short term is extremely fast.
% K Williams 30.30 20.40 Neutral, does not support price spin.
Priority Date Notification
26/10/2020 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.
26/10/2020 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.
23/10/2020 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.
23/10/2020 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.
22/10/2020 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.
22/10/2020 A price above the moving average indicates an upward trend. Consequently, if the price is dragged below, it would change to bearish.
22/10/2020 Fast Stochastic bearish signal. The weakness in the previous close indicates the possibility of suffering from downside momentum after a more positive recent phase.
21/10/2020 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.
21/10/2020 Since the price is close to the moving average, it could strengthen to the upside, aothough quotes below it would signal a bearish reversal.
21/10/2020 Fast Stochastic bearish signal. The weakness in the previous close indicates the possibility of suffering from downside momentum after a more positive recent phase.
20/10/2020 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.