Previous Hold Today RTO.L ranks #2627 as HOLD CANDIDATE. Next Hold
Today RTO.L ranks #2627 as HOLD CANDIDATE.

RTO.L stock Rentokil Initial

RTO.L stock
Rentokil Initial

April 24, 2019
Change 1.14%
Chart period: 2019-01-25 - 2019-04-24





Will RTO.L stock price go up or down on Thu, 25 Apr 2019?

Rentokil Initial Forecast and Stock Analysis

Technical RTO.L stock analysis for April 24, 2019.

Hold candidate since 2019-04-18 Gain 3.71%

Rentokil Initial gained 1.14% in the last trading day, rising from £384.40 to £388.80 , and has now gained 7 days in a row. It is not often that stocks manage to gain so many days in a row, and falls for a day or two should be expected. The price has risen in 7 of the last 10 days and is up by 6.55% over the past 2 weeks. Volume fell in the last day by -1.76 million shares, and in total, 7.32 million shares bought and sold for approximately £2 845.47 million. You should take into consideration that a falling volume on higher prices causes divergence and may be an early warning about possible changes for the next couple of days.

Close price at the end of the last trading day (Wednesday, 24th Apr 2019) of the RTO.L stock was £388.80. This is 1.14% more than the trading day before Tuesday, 23rd Apr 2019.

During day the stock fluctuated 1.17% from a day low at £385.10 to a day high of £389.60.

30 day high of the RTO.L stock price was £389.60 and low was £343.40.
90 day high was £389.60 and low was £327.90.
52 week high for the Rentokil Initial - £389.60 and low - £280.00.


Rentokil Initial has broken the wide and weak rising the short-term trend up and an even stronger rising rate is indicated. For any reaction back there will now be support on the roof on the current trend broken at £381.75, a level that may pose a second chance to hit a runner. According to fan-theory £417.05 will be the next possible trend-top level and thereby pose a resistance level which may not be broken at the first attempt.

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Rentokil Initial holds buy signals from both short- and long-term moving averages. In addition, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down there will be some support from the lines at £373.57 and £357.57. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday March 27, 2019, which indicates further gains until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and may be an early warning. The stock should be watched closely.

The stock had a Golden Star Signal* on Thursday March 28, 2019 in the short-term chart.

* Golden Star Signal* is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Access today's Top 5 Golden Star Companies

Relative Strength Index (RSI)

RSI14 is 92 and the stock is extremely overbought on RSI14, but may also ontinue to gain. Some stocks see their best performance while being overbought, but very seldom does RSI remain so high for a long time without short corrections. Risk has therefore increased and larger daily movements can be expected for the next couple of days.

Access full RSI 14 and RSI 21 lists

Support & Resistance

On the downside, the stock finds support just below today's level from accumulated volume at £363.10 and £349.50.

There is natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Rentokil Initial finds support just below today's level at £363.10. If this is broken, then the next support from accumulated volume will be at £349.50 and £346.00.

Support: £363.10 Price: £388.80


This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved £4.50 (1.17%) between high and low. For the last week, the stock has had a daily average volatility of 1.99%.

The stock is extremely overbought on RSI14 (92). Normally this will pose a good selling opportunity, but since the stock has broken the trend up the chance for a major correction due to high RSI is very small as the stock will find support at the trend broken. Since the Rentokil Initial has been rising for 7 days in a row, the risk for the next couple of days has increased. As we cannot be certain with regards to the size of the reaction, we urge caution.

Our recommended stoploss: £371.30 (-4.50%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 92 and this increases the risk substantially. There is a buy signal from pivot bottom found 18 days ago.)

Overall risk:

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Previous Hold Today RTO.L ranks #2627 as HOLD CANDIDATE. Next Hold
Today RTO.L ranks #2627 as HOLD CANDIDATE.