Stop-Loss: $57.33 (-6.21%) Risk: Low
Evaluation: This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 6 days ago.
Fair price May 22, 2019: $61.02
Current price: $61.13 ( Overvalued )
FibonacciUsing the Fibonacci method to find support & resistance
|Current price:||61.13||0 %|
Accumulated VolumeUsing accumulated volume to find support & resistance
|Current price||61.13||0 %|
About Support and resistance
There are many factors used to determine support and resistance. The most common are:
- Moving averages
- Round numbers
- Previous tops and bottoms
- Accumulated volume
You may discuss what is the best, but by looking at the chart you will be able to get a more visual expression. Any support or resistance is weakened or strengthened by divergence in volume. If price is falling on high volume support levels may be broken easier. The same if price is rising on low volume, the resistance may be harder to break.
|WPP $61.13 ($0.41 0.68%)|
WPP is up $0.41 today, but where's it headed in 2019?
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