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Royal Mail plc (RMG.L) - Buy, Sell or Hold?

Trade DateCurrent Candlestick PatternPrevious Candlestick PatternWhenPerformance Since
Fri, 22 Sep 2017HammerBullish EngulfingMon, 11 Sep 20171.92%
***Stock database and scans are updated around midnight (London time) every trading day.
387.40 0.00 (0%) Sep 22 9:35pm BST
Open: 386.60 Range: 383.70 - 387.40 Vol: 2.22M Avg Vol: 3.72M
EPS: 27.30 P/E ratio: 14.19 EBITDA: 845.00M Mkt Cap: 3.84B
Analyze "RMG.L" - FREE 30 Day Trial of Market Analyst 7
Short Term: Trend is Up
Last Trade is above the 5 day moving average at 382.90
Medium Term: Trading is Range Bound
Last Trade is above the 20 day moving average at 383.02
Last Trade is below the 50 day moving average at 392.60
Long Term: Trend is Down
Last Trade is below the 200 day moving average at 417.02
* Data normalized for Splits & Dividends. Report data issues
How to use this info: Stock Timing With Moving Averages
Daily Chart of RMG.L

Stock Trend Analysis - Buy, Sell or Hold "Royal Mail plc" (RMG.L)?

RMG.L is in a very strong downtrend. For the last 52 weeks, RMG.L has maintained to stay firmly below the 200 day moving average for 91% of the time. Rallies will be sold into until the downtrend reverses. For the medium term, the 50 day moving average is generally in a trading range with a bearish downward bias. The 20 day moving average is also showing some signs of weakness as RMG.L has been trading below its 20 SMA for 75% of the time in the last 8 weeks. As RMG.L is in a downtrend characterized by the 200 SMA, currently at 417.02, the most likely scenario is that rallies will be sold into until the 200 SMA is convincingly taken out. Technically, there is very little reason to recommend a buy on this counter, although RMG.L may get a short term oversold bounce around here. Click here for the latest support & resistance levels to help you finetune your entry into or exit out of "RMG.L".
Objective Technical Analysis by BannRonn TA LogicEngine ver 1.1. Last Updated - Fri, 22 Sep 2017
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