Technical Breakout Setups. Analyze the stocks with the best technicals forming a breakout setup pattern at the moment.
London Stock Exchange, The
Taking everything into account, RMV scores 7 out of 10 in our technical rating. In the last year, RMV was one of the better performers in the market. There are positive signs in the very recent evolution, but the medium term picture is slightly mixed.
RMV has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 569.04. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 560.30, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for RMV in the last couple of days, which is a good sign. Another positive sign is the recent Pocket Pivot signal.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
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493.21
When analyzing the support we can see 3 important areas.
- A support zone ranging from 546.00 to 569.31. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 514.60 to 521.44. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- A support zone ranging from 498.19 to 503.39. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 580.20 to 592.20. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @614.41 from a horizontal line in the weekly time frame.
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 569.32 | 545.99 | 23.33 (4.10%) | 24.40% |
| An entry @569.32. This is a Buy Stop order right above the resistance zone. | An exit @545.99. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 23.33 points, which is 4.10%. | When investing 24.40% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.