Rolls-royce Holdings Plc: RR. to continue its collapse

Share On Facebook
share on Linkedin

Rolls-royce Holdings Plc shares (LSE:RR.) are expected to continue collapsing, owing to the ongoing sellers effort. The market is trendless in the long-term and weak in the short-term.

The ADX period 14 is below the level 20, denoting low volatility in the market. However, the volatility may rise again very soon as the ADX line goes above the level 20 and heads toward the level 30. DM- is above the DM+ and that is a sell signal.

The MACD, default parameters, has its histogram below the zero line and the signal lines also are almost crossing the zero line to the downside. Once the signal lines completely cross the zero line to the downside, we would have a Bearish Confirmation Pattern in the market (alongside the ADX 14). That is the most likely scenario.

Therefore the outlook on RR. is bearish as price could test the demand areas at 82.50, 80.00 and 77.50 successively.

Teach Yourself Technical Analysis: Technical analysis


CLICK HERE TO REGISTER FOR FREE ON ADVFN, the world's leading stocks and shares information website, provides the private investor with all the latest high-tech trading tools and includes live price data streaming, stock quotes and the option to access 'Level 2' data on all of the world's key exchanges (LSE, NYSE, NASDAQ, Euronext etc).

This area of the site is for independent financial commentary. These blogs are provided by independent authors via a common carrier platform and do not represent the opinions of ADVFN Plc. ADVFN Plc does not monitor, approve, endorse or exert editorial control over these articles and does not therefore accept responsibility for or make any warranties in connection with or recommend that you or any third party rely on such information. The information available at is for your general information and use and is not intended to address your particular requirements. In particular, the information does not constitute any form of advice or recommendation by ADVFN.COM and is not intended to be relied upon by users in making (or refraining from making) any investment decisions. Authors may or may not have positions in stocks that they are discussing but it should be considered very likely that their opinions are aligned with their trading and that they hold positions in companies, forex, commodities and other instruments they discuss.

Leave A Reply

Do you want to write for our Newspaper? Get in touch:

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V: D:20220928 13:50:50