WPP Forecast and Technical Stock AnalysisHold candidate since 2019-07-11 Gain 0.75%
WPP plc gained 0.75% in the last trading day ( Friday, 12th Jul 2019 ), rising from $60.18 to $60.63 During day the stock fluctuated 0.56% from a day low at $60.30 to a day high of $60.64. The price has fallen in 6 of the last 10 days and is down by -2.24% for this period. Volume fell in the last day by -41 351 shares, and in total, 92 581 shares bought and sold for approximately $5.61 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.
- 30 day high of the WPP stock price was $64.29 and low was $59.77.
- 90 day high was $64.29 and low was $57.77.
- 52 week high for the WPP plc - $84.64 and low - $50.31.
WPP plc lies in the lower part of a weak rising trend in the short term, and this will normally pose a very good buying opportunity. A break down the bottom trend line at $59.67 will firstly indicate a slower raising rate, but may also be a early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 2.19% during the next 3 months and, with 90% probability hold a price between $60.98 and $66.39 at the end of this period.
A buy signal was issued from a pivot bottom point on Thursday July 11, 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. Some negative signals were issued as well, and these may have some influence on the near short-term development. WPP plc holds sales signals from both short- and long-term moving averages. In addition, there is a general sales signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up there will be some resistance from the lines at $61.37 and $61.73. A break-up above any of these levels will issue buy signals.
Relative Strength Index (RSI)
RSImin/max Values: [ 25 - 75 ]
RSI14 is 42 and the stock is currently not being overbought or oversold
* Stockinvest.us uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
Support & Resistance
WPP plc finds support from accumulated volume at $60.37.
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 $0.34 (0.56%) between high and low. For the last week, the stock has had a daily average volatility of 0.81%.
Our recommended stoploss: $57.25 (-5.57%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 1 days ago.)
0.81 %Average volatility
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|WPP $60.63 ($0.45 0.75%)|
WPP is up $0.45 today, but where's it headed in 2019?
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