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Content
Signals
All indicators - Medium term
BHP Group LimitedMay 17, 2024
Taylor Wimpey PLCMay 17, 2024
FergusonMay 17, 2024
TUI AG NA O.N.May 17, 2024
Britvic PLCMay 17, 2024

The market showed a small loss Friday, and UK 100 (CBOE) ended the day at 840 points, which is a decline of 0.1 percent. For the week as a whole the index showed only a slight change of -0.4 percent.

801 shares showed a gain and 964 showed a loss. 144 shares were unchanged and closed at the same price as the previous day. There was no trading in 214 shares.

Total value of the trading volume for shares and primary capital certificates Friday was approximately 799.3 billion.

Barclays PLC showed a small gain and ended the day at 217 pence, which is an increase of 1.0 percent. The stock has thereby closed up 16 out of the past 19 days. Technically it also looks good. The stock is trend wise positive in the medium term, has support at 192 pence and a further increase is indicated.
Glencore plc increased slightly 0.7 percent and ended the day at 497 pence. The stock has now closed up for the seventh day in a row. Technically it also looks good. The stock is trend wise negative in the medium term, but has broken up through resistance at 485 pence.
BT GROUP closed at 133 pence after a small gain of 0.5 percent. The stock has now risen for the fifth day in a row. The stock is with that up 19.6 percent after the buy signal from the rectangle formation three days ago.
J Sainsbury PLC showed a small gain and ended the day at 284 pence, which is an increase of 0.5 percent. The stock has thereby closed up 13 out of the past 15 days and this past month the stock has gained as much as 10.4 percent. It does, however, not look good technically. The stock is assessed as technically slightly negative for the medium long term.
Taylor Wimpey PLC developed positively, and gained 0.6 percent to a close of 149 pence. The stock thereby broke the earlier top it set Feb 7 and reached a new year-high. Technically, however, it does not look good. The stock is trend wise negative in the medium term and a further decline is indicated.

US 500 weakly higher Friday
The market showed a small gain Friday, and S&P 500 ended the day at 5303 points, which is an increase of 0.1 percent. The week as a whole showed a gain of 1.5 percent. The index has thereby closed up nine out of the past 12 days.

Indices
UK 100 (CBOE)
arrow green   Positive Candidate
UK 100 (CBOE) has broken the rising trend up in the medium long term. This signals an even stronger growth rate. The price has risen strongly since the positive signal from the rectangle formation at the break through resistance at 774. The objective at 821 is now met, but the formation still gives a signal in the same direction. There is no resistance in the price chart and further rise is indicated. In case of a negative reaction, the index has support at approximately 792 points. The short term momentum of the index is strongly positive, with RSI above 70. This indicates increasing optimism among investors and further price increase for UK 100 (CBOE). However, particularly for big stocks, high RSI may be a sign that the stock is overbought and that there is a chance of a reaction downwards. The index is overall assessed as technically positive for the medium long term.
S&P 500
arrow green   Positive Candidate
S&P 500 is in a rising trend channel in the medium long term. Rising trends indicate that the market experiences positive development and that buy interest among investors is increasing. The index has marginally broken up through resistance at points 5260. An established break predicts a further rise. RSI is above 70 after a good price increase the past weeks. The index has strong positive momentum and further increase is indicated. However, particularly for big stocks, high RSI may be a sign that the stock is overbought and that there is a chance of a reaction downwards. The index is overall assessed as technically positive for the medium long term.
Today´s Case
National Grid PLC (NG) Price 1142.50, May 17, 2024
chart
National Grid PLC is in a rising trend channel in the medium long term. This signals increasing optimism among investors and indicates continued rise. The stock has given a positive signal from the rectangle formation by a break up through the resistance at 1070. Further rise to 1158 or more is signaled. There is no resistance in the price chart and further rise is indicated. In case of a negative reaction, the stock has support at approximately 1080 pence. The short term momentum of the stock is strongly positive, with RSI above 70. This indicates increasing optimism among investors and further price increase for National Grid PLC. However, particularly for big stocks, high RSI may be a sign that the stock is overbought and that there is a chance of a reaction downwards. The stock is overall assessed as technically positive for the medium long term.
Recommendation: Positive
Latest days indices
AEX-0.03%913.25
CAC40-0.26%8167.50
COMPX-0.07%16686.00
DAX-0.18%18704
HEX-0.06%10385.00
N100-0.11%1552.86
OMXC25GI-0.57%2297.32
OMXSPI-0.23%990.72
OSEBX0.52%1416.42
PSI20-0.48%6887.38
TECDAX-0.37%3431.21
BUK100P-0.15%840.22
EURUSD-0.05%1.0900
CL (OIL)1.05%80.06
Indices Evaluations
 SML
AEXpospospos
CAC40posneutralpos
COMPXpospospos
DAXpospospos
HEXposneutralneg
N100pospospos
OMXC25GIpospospos
OMXSPIpospospos
OSEBXpospospos
PSI20pospospos
TECDAXposneutralpos
BUK100Ppospospos
EURUSDposneutralneg
CL (OIL)negposneutral

S: Short term.    M: Medium term.    L: Long term.
Stock Exchange barometer
FTSE 100 - Medium term
 
      
62% 19% 19%
 61 Buy Candidates
 19 Neutral
 18 Sell Candidates
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Investtech guarantees neither the entirety nor accuracy of the analyses. Any consequent exposure related to the advice / signals which emerge in the analyses is completely and entirely at the investors own expense and risk. Investtech is not responsible for any loss, either directly or indirectly, which arises as a result of the use of Investtechs analyses. Details of any arising conflicts of interest will always appear in the investment recommendations. Further information about Investtechs analyses can be found here disclaimer. The content provided by Investtech.com is NOT SEC or FSA regulated and is therefore not intended for US or UK consumers.

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Investtech guarantees neither the entirety nor accuracy of the analyses. Any consequent exposure related to the advice / signals which emerge in the analyses is completely and entirely at the investors own expense and risk. Investtech is not responsible for any loss, either directly or indirectly, which arises as a result of the use of Investtechs analyses. Details of any arising conflicts of interest will always appear in the investment recommendations. Further information about Investtechs analyses can be found here disclaimer. The content provided by Investtech.com is NOT SEC or FSA regulated and is therefore not intended for US or UK consumers.


Investtech guarantees neither the entirety nor accuracy of the analyses. Any consequent exposure related to the advice / signals which emerge in the analyses is completely and entirely at the investors own expense and risk. Investtech is not responsible for any loss, either directly or indirectly, which arises as a result of the use of Investtechs analyses. Details of any arising conflicts of interest will always appear in the investment recommendations. Further information about Investtechs analyses can be found here disclaimer. The content provided by Investtech.com is NOT SEC or FSA regulated and is therefore not intended for US or UK consumers.

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