Monday, 17 November 2014

UK Stock Market Technical Analysis and Stock Pick


UK stock market ended the final session of the week with modest gains, but struggled against weakness among the mining and energy sectors. The FTSE has broke higher during the course of the week, clearing the 6600 level with ease and manage to end the week at 6,648.13, a gain of 12.68 points on the day and 80.89 on the week. Index is looking further strong for upcommings session and sustaining above 6600 level it can test 6900 level continues to be one of the better performing ones in the European region with support of 6400 level.

TOP GAINER
Name
Close Price
Change %
Hays
127.3
2.17
Tesco Plc
195.1
2.07
Sainsbury
268.1
1.13
Kingfisher
296
1.75
Bg Group
1046
1.7

TOP LOSER

Name
Close Price
Change %
Sabmiller
3495
-1.69
Astrazeneca
4651
-1.71
Rexam Imperial Tobacco
442.5
-1.91
Rio Tinto
2848
-0.97
Smith & Nephew
3017
-0.9


UK Stock Pick of the Day : Severn Trent Plc 


RECOMMENDATION BUY
TARGET 2095
The primary trend of Severn trent Plc is bullish and it's consolidating near to resistance level crossing of the resistance can show northward journey .Stock is sustaining above the trend line with positive bias, crossing of the psychological level of 2000 it can show fresh buying .One can initiate long position in the stock above the level of 2000 with the stop loss of 1949 for the target of 2095.

CHART FORMATION:-
Stock has given the break out of falling trend line and forming bullish pattern breaching of the level 2000 it can show upside movement.
It's trading above the 50 DMA & 200 DMA with the positive bias.



INDICATORS:-
RSI is trading above the 50 level and showing consolidation, crossing of 60 level it can test the level of 70.
Macd & Signal line is about to give break out above Zero level line which is indicating strength in the stock.