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Content
Signals
All indicators - Medium term
Imperial Brands PlcMay 22, 2024
Admiral Group PLCMay 22, 2024
International DistribuMay 22, 2024
Serco Group PLCMay 22, 2024
Marlowe PlcMay 22, 2024

The market showed a small loss Wednesday, and UK 100 (CBOE) ended the day at 836 points, which is a decline of 0.5 percent.

698 shares showed a gain and 1114 showed a loss. 117 shares were unchanged and closed at the same price as the previous day. There was no trading in 201 shares.

Total value of the trading volume for shares and primary capital certificates Wednesday was approximately 841.9 billion.

Marks & Spencer Group PLC was up 5.2 percent to close at 288 pence. The stock has not closed higher since May 2019. The stock has thereby closed up 11 out of the past 14 days and this past month the stock has gained as much as 17.2 percent. It was also high volume. Overall it was traded for 7822 millions pence in the stock, which is four times as much as normal daily turnover. Technically it also looks good. The stock is trend wise positive in the medium term, has support at 234 pence and a further increase is indicated.
BHP Group Limited closed at 2326 pence after a steep drop of 4.3 percent. The stock has never lost more in one day since Sep 7. 2023, when it was down 4.5 percent. Nor does it look good technically. The stock is assessed as technically negative for the medium long term.
Glencore plc fell sharply to close at 482 pence, down 3.5 percent. The stock has never lost more in one day since Jan 22, when it was down 4.0 percent. It does not look good technically either. The stock is trend wise negative in the medium term, has marginally broken down through support at 485 pence and a further decline is indicated.
BT GROUP showed a small gain and ended the day at 129 pence, which is an increase of 0.9 percent. The stock has thereby closed up 12 out of the past 15 days and this past week the stock has gained as much as 14.3 percent. The stock is trend wise negative in the medium term.
RS Group closed at 700 pence after a huge loss of 13.2 percent. The stock has never lost more in one day since we started measuring this Jul 9. 1998. It was also high volume. Overall it was traded for 3233 millions pence in the stock, which is four times as much as normal daily turnover. It does not look good technically either. The stock is trend wise negative in the medium term and a further decline is indicated.

US 500 weakly lower Wednesday
The market showed a small loss Wednesday, and S&P 500 ended the day at 5307 points, which is a decline of 0.3 percent.

Indices
UK 100 (CBOE)
arrow green   Positive Candidate
UK 100 (CBOE) 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. 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. 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.
S&P 500
arrow green   Positive Candidate
Investors have paid higher prices over time to buy S&P 500 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 index has broken up through resistance at points 5250. This 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
Anglo American PLC (AAL) Price 2662.50, May 22, 2024
chart
Anglo American PLC has broken the falling trend channel in the medium long term and reacted strongly up. For the time being, it is difficult to say anything about the future trend direction. 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 2280 pence. Volume has previously been low at price tops and high at price bottoms. This weakens the trend break. 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 Anglo American 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-0.11%910.52
CAC40-0.61%8092.11
COMPX-0.18%16802.00
DAX-0.25%18680
HEX-0.14%10377.00
N100-0.29%1543.26
OMXC25GI-0.16%2294.53
OMXSPI0.12%1003.03
OSEBX-0.44%1418.31
PSI200.65%6950.11
TECDAX0.54%3452.20
BUK100P-0.54%835.50
EURUSD-0.09%1.0800
CL (OIL)0.00%78.66
Indices Evaluations
 SML
AEXneutralpospos
CAC40neutralpospos
COMPXpospospos
DAXneutralpospos
HEXposneutralneg
N100pospospos
OMXC25GIpospospos
OMXSPIposposneutral
OSEBXpospospos
PSI20pospospos
TECDAXposneutralpos
BUK100Ppospospos
EURUSDposneutralneutral
CL (OIL)negnegneutral

S: Short term.    M: Medium term.    L: Long term.
Stock Exchange barometer
FTSE 100 - Medium term
 
      
55% 26% 19%
 54 Buy Candidates
 25 Neutral
 19 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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