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Content
Signals
All indicators - Medium term
Glencore plcMay 14, 2024
Vodafone Group PLCMay 14, 2024
Antofagasta PLCMay 14, 2024
BT GROUPMay 14, 2024
Ocado Group PLCMay 14, 2024

The market showed a small gain Tuesday, and UK 100 (CBOE) ended the day at 842 points, which is an increase of 0.2 percent. The index has thereby closed up 15 out of the past 20 days and this past month the index has gained as much as 5.3 percent.

1013 shares showed a gain and 763 showed a loss. 145 shares were unchanged and closed at the same price as the previous day. There was no trading in 205 shares.

Total value of the trading volume for shares and primary capital certificates Tuesday was approximately 918.9 billion.

NatWest Group Plc closed up 0.3 percent to 320 pence. We must go back to Nov 2015 to find a higher close for the stock. The stock has thereby closed up 16 out of the past 19 days. Technically it also looks good. The stock is trend wise positive in the medium term, has broken up through resistance at 310 pence and a further increase is indicated.
Vodafone Group PLC developed positively, and gained 4.1 percent to a close of 73.36 pence. The stock thereby broke the earlier top it set Apr 4 and reached a new year-high. The stock has now closed up for the fourth day in a row. The stock triggered a buy signal by the break up through the resistance at 72.14 pence in rectangle formation. A further increase to 77.72 pence within three months is indicated. The volume was also high. At session end it was bought and sold shares for about 13758 million pence in the stock, which equals three times mean daily turnover.
National Grid PLC closed at 1121 pence after a small gain of 0.3 percent. The stock has now risen for the ninth day in a row and this past month the stock has gained as much as 9.8 percent. Technically it also looks good. The stock is trend wise positive in the medium term, has support at 1080 pence and a further increase is indicated.
Lloyds Banking Group PLC gained 0.7 percent to 54.54 pence. The stock has not closed at a higher price since Jan 2022. The stock has thereby closed up 14 out of the past 19 days. It also looks good technically. The stock is trend wise positive in the medium term, has broken up through resistance at 54.00 pence and a further increase is indicated.
J Sainsbury PLC showed a flat development and ended the day at 279 pence (+0.1 percent). The stock has now risen for the eighth day in a row.

Highest close since Mar 28.
The market moved up Tuesday, and S&P 500 ended at 5247 points, which is an increase of 0.5 percent. The index has not closed higher since Mar 28. The index has thereby closed up seven out of the past nine days.

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 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.
S&P 500
arrow green   Weak 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 is testing resistance at points 5250. This could give a negative reaction, but an upward breakthrough of points 5250 means a positive signal. The index is assessed as technically slightly positive for the medium long term.
Today´s Case
Antofagasta PLC (ANTO) Price 2276.00, May 14, 2024
chart
Antofagasta PLC is in a rising trend channel in the medium long term. This shows that investors over time have bought the stock at higher prices and indicates good development for the company. The stock has broken a resistance level in the short term and given a positive signal for the short-term trading range. 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 1670 pence. The stock is overall assessed as technically positive for the medium long term.
Recommendation: Positive
Latest days indices
AEX-0.14%910.63
CAC400.20%8225.80
COMPX0.75%16511.00
DAX-0.14%18716
HEX0.57%10371.00
N1000.02%1551.56
OMXC25GI0.11%2271.35
OMXSPI0.71%995.22
OSEBX0.04%1417.00
PSI200.69%6919.54
TECDAX0.74%3422.77
BUK100P0.19%841.96
EURUSD0.16%1.0800
CL (OIL)-1.39%78.02
Indices Evaluations
 SML
AEXpospospos
CAC40pospospos
COMPXpospospos
DAXpospospos
HEXposposneg
N100pospospos
OMXC25GIpospospos
OMXSPIposposneutral
OSEBXpospospos
PSI20pospospos
TECDAXnegneutralpos
BUK100Ppospospos
EURUSDposneutralpos
CL (OIL)negneutralneutral

S: Short term.    M: Medium term.    L: Long term.
Stock Exchange barometer
FTSE 100 - Medium term
 
      
63% 21% 16%
 62 Buy Candidates
 21 Neutral
 15 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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