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Content
Signals
All indicators - Medium term
Haleon plcApr 19, 2024
Mondi PLCApr 19, 2024
Next PLCApr 19, 2024
COCA COLA HBC LTD OrdiApr 19, 2024
Hiscox LtdApr 19, 2024

The market showed a small gain Friday, and UK 100 (CBOE) ended the day at 788 points, which is an increase of 0.2 percent. The week as a whole showed a loss of 1.4 percent.

735 shares showed a gain and 1036 showed a loss. 139 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 607.6 billion.

DS Smith Plc. closed at 357 pence after a steep drop of 10.8 percent. We must go back to Mar 12. 2020 to find an equally steep drop. That time the stock lost 11.1 percent. The stock is trend wise positive in the medium term, but has broken down through support at 366 pence.
Mondi PLC closed at 1503 pence after posting a gain of 9.2 percent. We must go back to Aug 12. 2022 to find an equally strong rise. That time the stock gained 11.2 percent. The stock triggered a buy signal by the break up through the resistance at 1423 pence in inverse head and shoulders formation. A further increase to 1545 pence within three months is indicated. The volume was also high. At session end it was bought and sold shares for about 11859 million pence in the stock, which equals four times mean daily turnover.
Whitbread PLC was down 1.3 percent to close at 3071 pence. The stock has not closed at a lower price since Apr 2023. The stock has by that dropped 3.6 percent since the sell signal from the rectangle formation four days ago.
Shell Plc showed a small gain and ended the day at 2851 pence, which is an increase of 0.4 percent. The stock has thereby closed up 19 out of the past 25 days. It also looks good technically. The stock is trend wise positive in the medium term, has support at 2770 pence and a further increase is indicated.
Wise Plc showed a small loss and ended the day at 795 pence, which is a decline of 0.6 percent. The stock has now closed down for the eighth day in a row. The stock has by that dropped 13.8 percent since the sell signal from the double top formation three days ago.

US 500 falls for the sixth day in a row
The market showed a negative development Friday, and S&P 500 ended the day at 4967 points, which is a decline of 0.9 percent. The week as a whole showed a loss of 3.0 percent. The index has now closed down for the sixth day in a row.

Indices
UK 100 (CBOE)
arrow green   Positive Candidate
UK 100 (CBOE) is in a rising trend channel in the medium long term. This shows that investors over time have bought the index at higher prices and indicates good development for the market. 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. The index is testing resistance at points 792. This could give a negative reaction, but an upward breakthrough of points 792 means a positive signal. 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 short term momentum of the index is strongly negative, with RSI below 30. This indicates increasing pessimism among investors and further decline for S&P 500. However, particularly in big stocks, low RSI may be a sign that the stock is oversold and that there is a chance for a reaction upwards. 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
Mondi PLC (MNDI) Price 1502.57, Apr 19, 2024
chart
Mondi PLC is in a rising trend channel in the medium long term. This signals increasing optimism among investors and indicates continued rise. The price has broken the resistance at 1423 of an an inverse head and shoulders formation. Decisive breaks of such formations are considered strong signals of further rise. The stock has support at pence 1400 and resistance at pence 1600. 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 Mondi 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-0.62%860.01
CAC40-0.01%8022.41
COMPX-2.05%15282.00
DAX-0.56%17737
HEX0.71%9837.57
N100-0.33%1495.86
OMXC25GI0.68%2182.04
OMXSPI-0.57%936.75
OSEBX-0.10%1341.22
PSI20-0.51%6295.12
TECDAX-0.74%3187.20
BUK100P0.19%788.44
EURUSD-0.16%1.0600
CL (OIL)0.50%83.14
Indices Evaluations
 SML
AEXpospospos
CAC40posneutralpos
COMPXpospospos
DAXpospospos
HEXneutralneutralneg
N100posneutralpos
OMXC25GIneutralneutralneutral
OMXSPIneutralpospos
OSEBXpospospos
PSI20pospospos
TECDAXnegneutralneg
BUK100Pneutralpospos
EURUSDnegnegneg
CL (OIL)posposneutral

S: Short term.    M: Medium term.    L: Long term.
Stock Exchange barometer
FTSE 100 - Medium term
 
      
45% 17% 38%
 44 Buy Candidates
 17 Neutral
 37 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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