Million

Billion

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>The stock price of the WPP stock has experienced a downturn since the start of the year.&nbsp;</a> </li> 
 <li> <span>2</span> <a>The bullish investors are making a comeback after the stock touched the year-to-date low price in 2023</a> </li> 
 <li> <span>3</span> <a>The MACD and the RSI are bullish, but it will take a little more from the bulls to start an up-trend&nbsp;</a> </li> 
</ul> 
<p>WPP Plc (LON: WPP) is a listed company on the London Stock Exchange. It specializes in creative transformations and communication services, operating through Global Integrated Agencies, Public Relations, and Specialist Agencies segments. It is a midcap company with a market capitalization of £8.2 Billion.</p> 
<h2 class="wp-block-heading" id="strong-financial-snapshot-of-the-recent-year-strong"><strong>Financial snapshot of the recent year</strong></h2> 
<p>Financially, the company is bouncing back from its negative revenue growth. The sales growth has been substantially relevant with a CAGR of 6.17% since 2021. The company reported a revenue of £14.4 Billion to a net profit of £682 Million in 2022. It created an Earning per share of £0.62.</p> 
<p>The company is making an operating margin of 11.6% and is left with a net profit margin of 4.7%. However, despite the low margins, the firm has consistently been net profit positive over the years. It has helped generate an average return on equity of 15% over the years.&nbsp;</p> 
<p>The dividend structure of the company is also very interesting to the investors as it regularly pays dividends. In 2022, the management accounted for a dividend payout of 58%, which created a dividend per share (DPS) of £0.39.&nbsp;</p> 
<h2 class="wp-block-heading" id="strong-technical-analysis-and-prediction-of-wpp-stock-price-strong"><strong>Technical Analysis and Prediction of WPP Stock Price</strong></h2> 
<div class="wp-block-image"> 
 <figure class="aligncenter"> 
  <img decoding="async" src="https://lh5.googleusercontent.com/oSMeRSrvEveUhzdwxY2uTQXpteB2BceKKUjE9DdIxnoYDw0wTHlqyvLEjzlliUEkT63NNvX2zjklikGX-7_uvC9NyYhtaLGrNSjzjhvtu9oQt_u8igXAPgycDILPpQwHsaLlCgObzlDX58Wp_J4vjiM" alt="WPP Stock Price: Bulls are Making Re-entry After Year To Date Low"> 
  <figcaption class="wp-element-caption">
    Chart provided by <a href="https://in.tradingview.com/chart/1SBAxzHq/?symbol=LSE%3AWPP" rel="noopener noreferrer nofollow">TradingView</a> (daily time frame) 
  </figcaption> 
 </figure> 
</div> 
<p>The WPP <a href="https://www.thecoinrepublic.com/2023/08/23/slb-stock-price-forecast-is-it-wise-to-catch-falling-knife/" rel="noopener noreferrer nofollow">stock </a>price has been declining since the start of 2023. It has come down from a level of £1089 in February to the current market price of £761, which is a decline of over 30%.</p> 
<p>As of this writing, the WPP stock price has taken a rebound as the bears have reclaimed the immediate resistance level of £779. The bulls may either try for a breakout or they may rest until the WPP stock price goes to its immediate support level of £737.</p> 
<h3 class="wp-block-heading" id="strong-macd-and-rsi-levels-strong"><strong>MACD and RSI levels&nbsp;</strong></h3> 
<p>Through these support and resistance levels, indicators like MACD are showing a bullish trend. It occurred when the MACD line made a bullish crossover with its EMA back on the 29th of August. At present, both lines are trying to get past the neutral level of Zero. The MACD and EMA are at -6.1 and -8.6 respectively.</p> 
<p>The RSI graph is showing a similar trend to that of MACD. The RSI line has made a recovery from its oversold zone of 30 and it is currently at a neutral zone of 46. If the bulls will come over the immediate resistance, The RSI will rise toward the 70th level.</p> 
<h3 class="wp-block-heading" id="strong-conclusion-strong"><strong>Conclusion</strong></h3> 
<p>WPP Plc (LON: WPP)&nbsp; has been listed on the London Stock Exchange. It specializes in creative transformations and communication services. This firm has been performing well for the last two years and is giving regular dividends. However, the WPP stock price is down from the beginning of 2023. A glimmer of hope is arriving as the bulls are making a comeback.</p> 
<h4 class="wp-block-heading"><strong>Technical levels</strong></h4> 
<p><strong>Support:</strong> £737 and £674</p> 
<p><strong>Resistance:</strong> £779 and £858</p> 
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5> 
<p>The views and opinions stated by the author or any other person named in this article are for informational purposes only. They do not provide financial, investment, or other advice. Investing in or trading crypto assets and stocks comes with a risk of financial loss.</p>

WPP Stock Price: Bulls are Making Re-entry After Year To Date Low

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Thecoinrepublic.com

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