RENTOKIL INITIAL ORD 1P

- GBX (-)

- 15 min delayed data - London Stock Exchange

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Stocks
Ticker:	RTO
ISIN:	GB00B082RF11

RENTOKIL INITIAL ORD 1P - Daily - Technical analysis published on 10/17/2019 (GMT)

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Timeframe : Daily
- Analysis generated on
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Summary of the analysis

Trends

Court terme: Neutral

De fond: Bullish

Technical indicators

28%

33%

39%

My opinion

Bullish above 449.6 GBX

My targets

465.3 GBX (+2.67%)

My analysis

Has the basic bullish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bullish movement or a correction. Sellers” generally have the upper hand, even if a small correction (not tradeable) on the support located at 449.6 GBX remains possible. It is advisable to trade RENTOKIL INITIAL ORD 1P with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 449.6 GBX. The next bullish objective for buyers is set at 465.3 GBX. A bullish break in this resistance would boost the bullish momentum. PS: if there is a bearish break in the support located at 449.6 GBX we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.

In the very short term, the general bullish sentiment is not called into question, despite technical indicators being indecisive.

FORCE

3.8

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The RENTOKIL INITIAL ORD 1P rating is 453.2 GBX. On the day, this instrument gained +2.49% with the lowest point at 446.5 GBX and the highest point at 456.9 GBX. The deviation from the price is +1.50% for the low point and -0.81% for the high point.

446.5

456.9

453.2

The Central Gaps scanner detects the formation of a bullish gap marking the strong presence of buyers against sellers at the opening. This formed a quotation gap.

Opening Gap UP

Type : Bullish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Near a new HIGH record (5 years)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of RENTOKIL INITIAL ORD 1P in Daily shows an overall bullish trend. 78.57% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by the short-term moving averages indicate that this bullish trend is showing signs of running out of steam. An assessment of moving averages reveals several bearish signals that could impact this trend:

Bearish price crossover with adaptative moving average 20

Type : Bearish

Timeframe : Daily

Bearish price crossover with adaptative moving average 50

Type : Bearish

Timeframe : Daily

Bearish price crossover with adaptative moving average 100

Type : Bearish

Timeframe : Daily

An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : Daily

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Daily

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Daily

Parabolic SAR indicator bearish reversal

Type : Bearish

Timeframe : Daily

Price is back under the pivot point

Type : Bearish

Timeframe : Daily

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

Support of channel is broken

Type : Bearish

Timeframe : Daily

Support of triangle is broken

Type : Bearish

Timeframe : Daily

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1
ProTrendLines	391.1	431.7	449.6	453.2	465.3
Change (%)	-13.70%	-4.74%	-0.79%	-	+2.67%
Change	-62.1	-21.5	-3.6	-	+12.1
Level	Intermediate	Minor	Minor	-	Major

Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	421.4	429.3	435.8	443.7	450.2	458.1	464.6
Camarilla	438.2	439.6	440.9	442.2	443.5	444.8	446.2
Woodie	420.6	429.0	435.0	443.4	449.4	457.8	463.8
Fibonacci	429.3	434.8	438.2	443.7	449.2	452.6	458.1

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	429.0	438.5	446.6	456.1	464.2	473.7	481.8
Camarilla	449.9	451.5	453.1	454.7	456.3	457.9	459.5
Woodie	428.3	438.2	445.9	455.8	463.5	473.4	481.1
Fibonacci	438.5	445.2	449.4	456.1	462.8	467.0	473.7

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	395.6	411.2	439.5	455.1	483.4	499.0	527.3
Camarilla	455.7	459.8	463.8	467.8	471.8	475.9	479.9
Woodie	402.0	414.4	445.9	458.3	489.8	502.2	533.7
Fibonacci	411.2	428.0	438.3	455.1	471.9	482.2	499.0

Numerical data

The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators

Moving averages

RSI (14):	51.20
MACD (12,26,9):	0.5000
Directional Movement:	-3.6
AROON (14):	-92.9
DEMA (21):	454.9
Parabolic SAR (0,02-0,02-0,2):	470.0
Elder Ray (13):	-1.6
Super Trend (3,10):	436.9
Zig ZAG (10):	454.4
VORTEX (21):	1.0000
Stochastique (14,3,5):	27.90
TEMA (21):	451.8
Williams %R (14):	-48.30
Chande Momentum Oscillator (20):	-9.4
Repulse (5,40,3):	-1.3000
ROCnROLL:	1
TRIX (15,9):	0.1000
Courbe Coppock:	2.50

MA7:	452.8
MA20:	456.2
MA50:	451.9
MA100:	427.6
MAexp7:	452.1
MAexp20:	453.4
MAexp50:	446.8
MAexp100:	429.3
Price / MA7:	+0.09%
Price / MA20:	-0.66%
Price / MA50:	+0.29%
Price / MA100:	+5.99%
Price / MAexp7:	+0.24%
Price / MAexp20:	-0.04%
Price / MAexp50:	+1.43%
Price / MAexp100:	+5.57%

News

Don"t forget to follow the news on RENTOKIL INITIAL ORD 1P. At the time of publication of this analysis, the latest news was as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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