ROYAL MAIL ORD 1P

Open:	-
Change:	-
Volume:	-

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

Type:	Stocks
Ticker:	RMG
ISIN:	GB00BDVZYZ77

ROYAL MAIL ORD 1P - Daily - Technical analysis published on 12/03/2019 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

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ROYAL MAIL ORD 1P Chart

Summary of the analysis

Trends

Court terme: Neutral

De fond: Bullish

Technical indicators

44%

17%

39%

My opinion

Bullish above 210.64 GBX

My targets

230.83 GBX (+7.01%)

248.75 GBX (+15.32%)

My analysis

We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on ROYAL MAIL ORD 1P. As long as you are above the support located at 210.64 GBX, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 230.83 GBX would be a signal that the basic trade will reverse and the short-term trend could then quickly become bullish. Buyers would then use the next resistance located at 248.75 GBX as an objective. Crossing it would then enable buyers to target 268.50 GBX. If the support 210.64 GBX were to be broken, this would simply be a sign of a possible continuation of short-term consolidation and trading against the trend would then perhaps be more risky.

In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.

FORCE

4.1

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.

Additional analysis

Quotes

The ROYAL MAIL ORD 1P price is 215.70 GBX. The price registered an increase of +0.09% on the session and was between 213.80 GBX and 217.40 GBX. This implies that the price is at +0.89% from its lowest and at -0.78% from its highest.

213.80

217.40

215.70

Here is a more detailed summary of the historical variations registered by ROYAL MAIL ORD 1P:

Technical

Technical analysis of ROYAL MAIL ORD 1P in Daily shows an overall bullish trend. 75% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:

Bullish price crossover with Moving Average 50

Type : Bullish

Timeframe : Daily

Bullish price crossover with Moving Average 100

Type : Bullish

Timeframe : Daily

Bullish price crossover with adaptative moving average 20

Type : Bullish

Timeframe : Daily

Bullish price crossover with adaptative moving average 50

Type : Bullish

Timeframe : Daily

Bullish price crossover with adaptative moving average 100

Type : Bullish

Timeframe : Daily

Technical indicators are slightly bullish. There is therefore considerable uncertainty about the continuation of the increase.
Caution: the Central Indicators scanner currently detects an excess:

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Ichimoku : price is over the cloud

Type : Bullish

Timeframe : Daily

Price is back over the pivot point

Type : Bullish

Timeframe : Daily

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

Williams %R indicator is back over -50

Type : Bullish

Timeframe : Daily

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Horizontal support is broken

Type : Bearish

Timeframe : Daily

The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:

Bullish engulfing lines

Type : Bullish

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	188.40	195.90	210.64	215.70	230.83	248.75	268.50
Change (%)	-12.66%	-9.18%	-2.35%	-	+7.01%	+15.32%	+24.48%
Change	-27.30	-19.80	-5.06	-	+15.13	+33.05	+52.80
Level	Intermediate	Major	Intermediate	-	Major	Minor	Minor

To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	197.77	202.23	208.87	213.33	219.97	224.43	231.07
Camarilla	212.45	213.47	214.48	215.50	216.52	217.54	218.55
Woodie	198.85	202.78	209.95	213.88	221.05	224.98	232.15
Fibonacci	202.23	206.47	209.09	213.33	217.57	220.19	224.43

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	173.77	184.63	196.57	207.43	219.37	230.23	242.17
Camarilla	202.23	204.32	206.41	208.50	210.59	212.68	214.77
Woodie	174.30	184.90	197.10	207.70	219.90	230.50	242.70
Fibonacci	184.63	193.34	198.72	207.43	216.14	221.52	230.23

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	137.92	164.03	186.27	212.38	234.62	260.73	282.97
Camarilla	195.20	199.64	204.07	208.50	212.93	217.36	221.80
Woodie	135.98	163.06	184.33	211.41	232.68	259.76	281.03
Fibonacci	164.03	182.50	193.91	212.38	230.85	242.26	260.73

Numerical data

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

Technical indicators

Moving averages

RSI (14):	50.03
MACD (12,26,9):	-1.5300
Directional Movement:	-7.22
AROON (14):	-42.86
DEMA (21):	214.31
Parabolic SAR (0,02-0,02-0,2):	231.28
Elder Ray (13):	0.81
Super Trend (3,10):	230.64
Zig ZAG (10):	216.10
VORTEX (21):	1.0400
Stochastique (14,3,5):	49.39
TEMA (21):	211.98
Williams %R (14):	-42.21
Chande Momentum Oscillator (20):	-15.80
Repulse (5,40,3):	4.2700
ROCnROLL:	1
TRIX (15,9):	-0.0500
Courbe Coppock:	12.14

MA7:	211.47
MA20:	218.64
MA50:	214.96
MA100:	212.45
MAexp7:	213.76
MAexp20:	215.79
MAexp50:	215.61
MAexp100:	214.81
Price / MA7:	+2.00%
Price / MA20:	-1.34%
Price / MA50:	+0.34%
Price / MA100:	+1.53%
Price / MAexp7:	+0.91%
Price / MAexp20:	-0.04%
Price / MAexp50:	+0.04%
Price / MAexp100:	+0.41%

News

Don"t forget to follow the news on ROYAL MAIL 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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