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Content
Signals
All indicators - Medium term
Flutter EntertainmentMay 31, 2024
Haleon plcMay 31, 2024
Experian PLCMay 31, 2024
Associated British FooMay 31, 2024
Bunzl PLCMay 31, 2024

The market showed a small gain Friday, and UK 100 (CBOE) ended the day at 826 points, which is an increase of 0.5 percent. The week as a whole showed a loss of 0.6 percent. Overall May showed a gain of 1.5 percent.

932 shares showed a gain and 862 showed a loss. 120 shares were unchanged and closed at the same price as the previous day. There was no trading in 211 shares.

Total value of the trading volume for shares and primary capital certificates Friday was approximately 1917.2 billion.

It was extremely high volume in CRH. At session end, 383907 million pence worth of shares had been bought and sold in the stock, which equals 67 times mean daily turnover. CRH lost 1.5 percent to 6118 pence. The stock has not closed lower since Feb 15. It does, however, look good technically. The stock is trend wise positive in the medium term and a further increase is indicated.
Flutter Entertainment developed negatively and fell 4.1 percent to a close of 14362 pence. We must go back to Jan 17 to find a lower close for the stock. The stock has thereby closed down six out of the past seven days and this past week the stock has lost as much as 10.3 percent. The stock is trend wise positive in the medium term, but has marginally broken down through support at 14400 pence.
Reckitt Benckiser Group PLC moved horizontally and closed at 4357 pence (-0.0 percent). The stock has thereby closed down nine out of the past ten days. It was also high volume. Overall it was traded for 44966 millions pence in the stock, which is three times as much as normal daily turnover. The stock is trend wise negative in the medium term and a further decline is indicated.
National Grid PLC soared and ended at 882 pence, which is a rise of 36.8 percent. The stock thereby reversed up after eight days of losses. Technically, however, it does not look good. The stock is trend wise positive in the medium term, but has resistance at 940 pence.
Bunzl PLC developed negatively and fell 1.5 percent to a close of 2936 pence. The stock has not closed at a lower price since Apr 8. The stock has thereby closed down 12 out of the past 14 days. It was also high volume. Overall it was traded for 16373 millions pence in the stock, which is nine times as much as normal daily turnover. It does not look good technically either. The stock is assessed as technically slightly negative for the medium long term.

US 500 rises on Friday
The market moved up Friday, and S&P 500 ended at 5278 points, which is an increase of 0.8 percent. The week as a whole showed a loss of 0.5 percent. Overall May showed a gain of 4.8 percent.

Indices
UK 100 (CBOE)
arrow green   Positive Candidate
Investors have paid higher prices over time to buy UK 100 (CBOE) and the index is in a rising trend channel in the medium long term. This signals increasing optimism among investors and indicates continued rise. 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. The index has support at points 770 and resistance at points 844. 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. This signals increasing optimism among investors and indicates continued rise. The index has marginally broken up through resistance at points 5250. An established break predicts a further rise. RSI above 70 shows that the index has strong positive momentum in the short term. Investors have steadily paid more to buy the index, which indicates increasing optimism and that the price will continue to rise. 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
Associated British Foods PLC (ABF) Price 2605.89, May 31, 2024
chart
Investors have paid higher prices over time to buy Associated British Foods PLC and the stock is in a rising trend channel in the medium long term. Rising trends indicate that the company experiences positive development and that buy interest among investors is increasing. However, the price has broken a support level in the short term and given a negative signal for the short term trading range. 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 2090 pence. The RSI curve shows a falling trend, which is an early signal of a possible trend reversal downwards for the price as well. The stock is overall assessed as technically positive for the medium long term.
Recommendation: Positive
Latest days indices
AEX0.16%905.10
CAC400.06%7998.02
COMPX-0.01%16735.00
DAX0.01%18498
HEX0.28%10273.00
N1000.29%1535.02
OMXC25GI-0.33%2287.86
OMXSPI0.09%991.74
OSEBX0.13%1442.35
PSI200.46%6870.81
TECDAX-0.44%3336.13
BUK100P0.50%825.83
EURUSD0.35%1.0900
CL (OIL)-1.18%76.99
Indices Evaluations
 SML
AEXpospospos
CAC40neutralpospos
COMPXpospospos
DAXneutralpospos
HEXposnegneg
N100posneutralpos
OMXC25GIpospospos
OMXSPIpospospos
OSEBXpospospos
PSI20neutralpospos
TECDAXnegpospos
BUK100Ppospospos
EURUSDposposneutral
CL (OIL)negnegneutral

S: Short term.    M: Medium term.    L: Long term.
Stock Exchange barometer
FTSE 100 - Medium term
 
      
50% 24% 26%
 49 Buy Candidates
 24 Neutral
 25 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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