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Content
Signals
All indicators - Medium term
Prudential PLCJun 7, 2024
Bunzl PLCJun 7, 2024
M&GJun 7, 2024
Vistry Group PlcJun 7, 2024
Admiral Group PLCJun 7, 2024

The market showed a small loss Friday, and UK 100 (CBOE) ended the day at 823 points, which is a decline of 0.4 percent. For the week as a whole the index showed only a slight change of -0.4 percent.

685 shares showed a gain and 1091 showed a loss. 139 shares were unchanged and closed at the same price as the previous day. There was no trading in 208 shares.

Total value of the trading volume for shares and primary capital certificates Friday was approximately 594.2 billion.

London Stock Exchange Group closed at 9454 pence after a huge loss of 14.7 percent. The stock has never lost more in one day since we started measuring this Jul 20. 2001. The stock thereby reversed down after five days of gains. Technically, however, it looks good. The stock is trend wise positive in the medium term and a further increase is indicated.
AstraZeneca showed a small gain and ended the day at 12626 pence, which is an increase of 0.3 percent. The stock has now risen for the sixth day in a row and this past week the stock has gained as much as 4.9 percent. Technically it also looks good. The stock is trend wise positive in the medium term, has support at 12170 pence and a further increase is indicated.
Unilever PLC was up 0.6 percent to close at 4397 pence. We must go back to May 2023 to find a higher close for the stock. The stock has thereby closed up six out of the past seven days. The stock is with that up 9.6 percent after the buy signal from the inverse head and shoulders formation two months ago.
B&M European Value Retail S.A. developed negatively and fell 0.9 percent to a close of 490 pence. The stock thereby broke the earlier bottom it set Feb 13 and reached a new year-low. The stock has now fallen for the fourth day in a row. Nor does it look good technically. The stock is trend wise negative in the medium term, has broken down through support at 500 pence and a further decline is indicated.
Eurasia Mining soared and ended at 3.79 pence, which is a rise of 74.9 percent. The stock has never gained more in one day since we started measuring this Jan 22. 2021. It was also very high volume. Overall it was traded for 446 millions pence in the stock, which is 13 times as much as normal daily turnover. The stock has support at 3.26 pence.

US 500 approximately even on Friday
S&P 500 moved more or less horizontally on Friday and closed at 5347 points (-0.1 percent). The week as a whole showed a gain of 1.3 percent.

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 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
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 5260. This predicts a further rise. The index is assessed as technically positive for the medium long term.
Today´s Case
Admiral Group PLC (ADM) Price 2776.00, Jun 7, 2024
chart
Admiral Group PLC is in a rising trend channel in the medium long term. This signals increasing optimism among investors and indicates continued rise. The stock has broken a rectangle formation. A decisive break of the resistance at 2766 will signal a further rise to 2841 or more. The stock is testing resistance at pence 2800. This could give a negative reaction, but an upward breakthrough of pence 2800 means a positive signal. The stock is overall assessed as technically positive for the medium long term.
Recommendation: Positive
Latest days indices
AEX0.04%923.71
CAC40-0.48%8001.80
COMPX-0.23%17133.00
DAX-0.51%18557
HEX-0.27%10187.00
N100-0.40%1540.52
OMXC25GI0.29%2333.83
OMXSPI0.11%993.44
OSEBX0.46%1423.28
PSI20-1.13%6737.11
TECDAX0.29%3454.73
BUK100P-0.40%822.55
EURUSD-0.70%1.0800
CL (OIL)-0.03%75.53
Indices Evaluations
 SML
AEXpospospos
CAC40negpospos
COMPXpospospos
DAXposneutralpos
HEXneutralnegneg
N100pospospos
OMXC25GIpospospos
OMXSPIpospospos
OSEBXpospospos
PSI20pospospos
TECDAXnegneutralpos
BUK100Ppospospos
EURUSDposnegneutral
CL (OIL)negneutralneutral

S: Short term.    M: Medium term.    L: Long term.
Stock Exchange barometer
FTSE 100 - Medium term
 
      
55% 22% 23%
 54 Buy Candidates
 22 Neutral
 22 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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