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Content
Signals
All indicators - Medium term
Reckitt Benckiser GrouApr 24, 2024
Spectris PLCApr 24, 2024
Rotork PLCApr 24, 2024
Breedon GroupApr 24, 2024
Fidelity China SpecialApr 24, 2024

UK 100 (CBOE) moved more or less horizontally on Wednesday and closed at 803 points (-0.1 percent). The index thereby reversed down after five days of gains.

854 shares showed a gain and 933 showed a loss. 127 shares were unchanged and closed at the same price as the previous day. There was no trading in 216 shares.

Total value of the trading volume for shares and primary capital certificates Wednesday was approximately 677.9 billion.

London Stock Exchange Group fell sharply to close at 8808 pence, down 4.3 percent. We must go back to May 9. 2022 to find an equally steep drop. That time the stock lost 5.2 percent. It does, however, look good technically. The stock is trend wise positive in the medium term and a further increase is indicated.
Hipgnosis Songs Fund Limited closed up 1.1 percent to 101 pence. This past week the stock has gained as much as 43.8 percent. Technically it also looks good. The stock is trend wise negative in the medium term, but has support at 89.00 pence.
Filtronic closed at 48.50 pence after a huge gain of 49.9 percent. The stock has never gained more in one day since we started measuring this Jul 9. 1998. The volume was also very high. At session end it was bought and sold shares for about 693 million pence in the stock, which equals 25 times mean daily turnover. It also looks good technically. The stock is trend wise positive in the medium term, has support at 38.00 pence and a further increase is indicated.
Kingfisher Plc gained 0.3 percent to 250 pence. The stock has not closed at a higher price since Jul 2023. It also looks good technically. The stock is assessed as technically slightly positive for the medium long term.
Lyxor Smart Overnight Return - ETF closed up 0.0 percent to 111951 pence. The stock has now risen for the 14. day in a row and this past month the stock has gained as much as 0.5 percent. Technically it also looks good. The stock is trend wise positive in the medium term and a further increase is indicated.

US 500 approximately even on Wednesday
S&P 500 moved more or less horizontally on Wednesday and closed at 5072 points (+0.0 percent).

Indices
UK 100 (CBOE)
arrow green   Positive Candidate
UK 100 (CBOE) shows strong development within 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 given a positive signal from the rectangle formation by a break up through the resistance at 774. Further rise to 821 or more is signaled. 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. RSI diverges negatively against the price, which indicates danger of a reaction downwards. The index is overall assessed as technically positive for the medium long term.
S&P 500
arrow green   Weak Positive Candidate
S&P 500 has broken through the floor of a rising trend channel in the medium long term. This indicates a slower rising rate at first, or the start of a more horizontal development. The index has support at points 4600 and resistance at points 5250. The RSI curve shows a falling trend, which could be an early signal of the start of a falling trend for the price as well. The index is overall assessed as technically slightly positive for the medium long term.
Today´s Case
Associated British Foods PLC (ABF) Price 2702.00, Apr 24, 2024
chart
Associated British Foods PLC has broken up through the ceiling of the rising trend channel in the medium long term, which signals an even stronger rising rate. The positive development, however, may give rise to short term corrections down from today's level. 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 2100 pence. The stock is assessed as technically positive for the medium long term.
Recommendation: Positive
Latest days indices
AEX-0.09%874.02
CAC40-0.17%8091.86
COMPX0.10%15713.00
DAX-0.27%18089
HEX-0.53%9925.43
N100-0.19%1515.79
OMXC25GI-1.26%2197.27
OMXSPI-0.43%949.57
OSEBX1.01%1353.28
PSI20-0.95%6529.93
TECDAX0.39%3299.60
BUK100P-0.07%802.78
EURUSD-0.14%1.0700
CL (OIL)-0.66%82.81
Indices Evaluations
 SML
AEXposneutralpos
CAC40posneutralpos
COMPXposposneutral
DAXposneutralpos
HEXneutralposneutral
N100pospospos
OMXC25GIneutralposneutral
OMXSPIneutralpospos
OSEBXpospospos
PSI20pospospos
TECDAXnegnegneutral
BUK100Ppospospos
EURUSDnegnegneg
CL (OIL)posposneutral

S: Short term.    M: Medium term.    L: Long term.
Stock Exchange barometer
FTSE 100 - Medium term
 
      
52% 17% 31%
 51 Buy Candidates
 17 Neutral
 30 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.


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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