WPP plc Forecast and Stock Analysis
Technical WPP stock analysis for February 15, 2019.
|Shorts||1.65% ( 2019-01-31 )|
WPP plc gained 1.53% in the last trading day, rising from $53.61 to $54.43 The price has risen in 6 of the last 10 days , but is still down by -4.78% for this period. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 151 293 more shares were traded than the day before. In total, 151 293 shares bought and sold for approximately $8.23 million.
Close price at the end of the last trading day (Friday, 15th Feb 2019) of the WPP stock was $54.43. This is 1.53% more than the trading day before Thursday, 14th Feb 2019.
During day the stock fluctuated 0.74% from a day low at $54.10 to a day high of $54.50.
30 day high of the WPP stock price was $58.32 and low was $50.91.
90 day high was $58.32 and low was $50.31.
52 week high for the WPP plc - $103.53 and low - $50.31.
WPP plc lies in the middle of a wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 2.41% during the next 3 months and, with 90% probability hold a price between $53.18 and $59.71 at the end of this period.
A buy signal was issued from a pivot bottom point on Thursday February 07, 2019, which indicates further gains until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. WPP plc holds a buysignal from the short-term moving average; at the same time, however, a sales signal from the long-term average. Since the longterm average is above the short-term average there is a general sales signal in the stock. On further gains, the stock will meet resistance from the long-term moving average at $55.62. On a fall, the stock will find some support from the short-term average at $53.13. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sales signal and strengthen the general signal.
Relative Strength Index (RSI)
RSI14 is 33 and the stock is currently not being overbought or oversold
Support & Resistance
WPP plc finds support from accumulated volume at $53.32.
This stock may move much during a day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.40 between high and low, or 0.74%. For the last week, the stock has had a daily average volatility of 0.92%.
Our recommended stoploss: $51.51 (-5.36%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from pivot bottom found 6 days ago.)
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WPP plc holds several positive signals, but we still don't find these to be enough for a buy-recommendation. At the current level we recommend to hold or accumulate in this position whilst awaiting for further development.