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- 1 RR stock price is currently trading at 201.70 GBP with a nominal drop of -0.05%.
- 2 RR price taking a rejection from the upper trendline and taking rest at the level of 200 GBP.
- 3 The bulls showed their dominance and continued to surge.
RR stock price demonstrated a strong chart structure in the last few trading sessions. Moreover, the price is trading beyond the significant moving averages and shows the buyers’ strength. However, sellers remained cautious in the battle and waited for a fall to show their presence. But looking at the surge, they were covering their positions and remained on the back foot. Furthermore, the stock was rejected from the upper trendline and took a rest at the level of 200 GBP.
RR stock was traded at 201.70 GBP at press time with an intraday drop of -0.05%, showing neutrality in the last trading session. Moreover, the intraday trading volume was 14.681 Million. The market cap of RR stock is $16.681 Million. Stock shows the bulls’ strength and maintains the gains leading on the front.
On the daily charts, Rolls-Royce Holdings plc stock stayed on the top, near the supply zone, holding the gains convincingly. Buyers have an edge and have dominated the past few trading sessions. Moreover, the price persisted in forming higher highs, and sellers were trapped during the rebound.
As per the stock technicals, analysts maintained a buy rating, and the target price is 350 was recently retested, showing the stock’s bullishness.
Technical Analysis of Rolls-Royce Holdings plc Stock Price in 1-D Timeframe
Currently, Rolls-Royce Holdings plc stock (LSE: RR) is trading above the 50 and 200-day SMAs (Simple moving averages), which are supporting the price momentum.
However, if buying volume adds up in Rolls-Royce stock, then the price might support bullish momentum by making higher highs and new highs. Hence, the Rolls-Royce Holdings plc price is expected to move upward giving bullish views over the daily time frame chart.
The current value of RSI is 64.98 points. The 14 SMA is above the median line at 70.19 points which indicates that the Rolls-Royce Holdings plc stock is bullish.
The MACD line at 8.235 and the signal line at 10.399 are above zero. A bearish crossover is observed in the MACD indicator which signals weakness in the momentum of the RR stock price.
Short-Term Charts Price Analysis
On the 4-hour charts, the Rolls-Royce Holdings plc price is bullish and staying between the 197 – 208 GBP range with the highest volumes. However, the trend is strong, and buyers are attempting to break the zone and sustain above the round spot of 200 GBP.
The RSI curve is near 48, near neutrality, forming a negative crossover due to the consolidation in price, which impacts a negative outlook on the charts.
The MACD shows a bearish crossover, but the red bars were near the end, and a crossover was imminent. However, the price could consolidate.
Summary
Rolls-Royce Holdings plc (LSE: RR) oscillators are currently indicating that the price is overbought. The investors are not very optimistic regarding the stock. The MACD, RSI, and EMA are emphasizing positive signs and imply that the uptrend may continue in the RR stock price. Price action suggests that the investors and traders are bullish on the 1-Day time frame. The price action reflects a bullish perspective at the moment. However, investors and traders should wait for proper setup for the next move and avoid FOMO.
Technical Levels
- Support Levels: Nearest support levels are 197 and 194 GBP.
- Resistance Levels: Nearest resistance levels are 212 and 220 GBP.
Disclaimer
The analysis provided in this article is for informational and educational purposes only. Do not rely on this information as financial, investment, or trading advice. Investing and trading in stock involves risk. Please assess your situation and risk tolerance before making any investment decisions.
With a background in journalism, Ritika Sharma has worked with many reputed media firms focusing on general news such as politics and crime. She joined The Coin Republic as a reporter for crypto, and found a great passion for cryptocurrency, Web3, NFTs and other digital assets. She spends a lot of time researching and delving deeper into these concepts around the clock, and is a strong advocate for women in STEM.
