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Content
Signals
All indicators - Medium term
GlaxoSmithKline PLCJun 5, 2020
HSBC Holdings PLCJun 5, 2020
BHP Group PlcJun 5, 2020
Reckitt Benckiser GrouJun 5, 2020
Lloyds Banking Group PJun 5, 2020

The market rallied Friday, and FTSE 100 (UKX) closed at 6484 points after an increase of 2.25 percent. For the week as a whole the index showed a gain of 6.7%.

1342 shares showed a gain and 527 showed a loss. 132 shares were unchanged and closed at the same price as the previous day. There was no trading in 206 shares.

Value of the total volume of shares and primary capital certificates traded Friday was approximately 674.8 billion.

BP PLC (BP) rose sharply to close at 362 pence, up 7.75 percent. We must go back to May 18 to find an equally strong rise. That time the stock gained 8.20 percent. The stock has by that gained 8.62 percent since the buy signal from double bottom formation two days ago.
Lloyds Banking Group PLC (LLOY) rose sharply to close at 35.55 pence, up 4.90 percent. The stock has now risen for the fifth day in a row and this past week the stock has gained as much as 17.14 percent. The stock broke up through the resistance at 34.76 pence in double bottom formation. This triggered a buy signal on increasing volume and a further increase to 41.57 pence within three months is indicated.
Royal Dutch Shell PLC (RDSB) closed at 1427 pence after a solid gain of 6.91 percent. The stock has never gained more in one day since May 18, when it was up 7.60 percent. This past week the stock has gained as much as 16.36 percent. Technically, however, it does not look good. The stock is trend wise negative in the medium term and a further decline is indicated.
HSBC Holdings PLC (HSBA) rose sharply to close at 423 pence, up 5.90 percent. The previous time the stock gained this much was Mar 17, when it closed up 6.51 percent. This past week the stock has gained as much as 14.28 percent. The stock is trend wise negative in the medium term.
Royal Dutch Shell PLC (RDSA) ended with a solid gain of 6.33 percent and closed at 1477 pence. The stock has never gained more in one day since May 18, when it was up 8.31 percent. This past week the stock has gained as much as 17.31 percent. It does, however, not look good technically. The stock is trend wise negative in the medium term and a further decline is indicated.

US 500 rallies
The market rallied Friday, and S&P 500 (SP500) closed at 3194 points after an increase of 2.62 percent. The previous time the index gained this much was May 18, when it closed up 3.15 percent. For the week as a whole the index showed a gain of 4.9%. The index has thereby closed up 12 out of the past 16 days.

Indices
FTSE 100
arrow yellow   Neutral
FTSE 100 does not show any clear trend in the medium long term. The index has support at points 5000 and resistance at points 7100. The index is assessed as technically neutral for the medium long term.
S&P 500
arrow yellow   Neutral
S&P 500 does not show any clear trend in the medium long term. The index has support at points 2940 and resistance at points 3380. 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 neutral for the medium long term.
Today´s Case
Lloyds Banking Group PLC (LLOY) Price 35.55, Jun 5, 2020
chart
Lloyds Banking Group PLC has broken through the ceiling of a falling trend channel in the medium long term. This indicates a slower falling rate initially, or the start of a more horizontal development. The stock has built a double bottom formation and given signal of further rise to 41.57. On reactions back, there is now support at 34.76. The stock has support at pence 28.00 and resistance at pence 49.30. Volume has previously been high at price tops and low at price bottoms. Volume balance is also positive, which strengthens the stock. The stock is overall assessed as technically slightly positive for the medium long term.
Recommendation: Weak Positive
Latest days indices
AEX2.44%572.80
ATX0.00%3406.09
CAC403.71%5197.79
COMPX2.06%9814.08
DAX3.36%12848
HEX1.35%9674.47
N1002.85%1014.74
OMXC25GI-0.36%1438.38
OMXSPI1.64%671.83
OSEBX1.96%849.66
PSI20-0.26%4609.19
TECDAX0.13%3250.99
UKX2.25%6484.30
EURUSD-0.36%112.8973
CL (OIL)5.72%39.55
Indices Evaluations
 SML
AEXposnegneutral
ATXneutralneutralneutral
CAC40posneutralneutral
COMPXpospospos
DAXposneutralpos
HEXposneutralpos
N100posnegpos
OMXC25GIposneutralpos
OMXSPIposneutralpos
OSEBXposnegpos
PSI20posnegneutral
TECDAXneutralnegpos
UKXposneutralneg
EURUSDposposneg
CL (OIL)posnegneg

S: Short term.    M: Medium term.    L: Long term.
Stock Exchange barometer
FTSE 100 - Medium term
 
      
31% 35% 34%
 31 Buy Candidates
 35 Neutral
 34 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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