U.K. Stock Market News, Stocks Technical Analysis and Predictions

London Stocks Update

 

U.K. Stock Market Last Session 

News of a big fine in the banking sector and gloomy comments from the Bank of England (BoE) weighed on UK equities on Wednesday, with London's stock market finishing lower for the first time in six sessions. 

A weak start on Wall Street was also pressuring stocks as the benchmark S&P 500 and Dow Jones indices pulled back from record highs. 

The UK's FTSE 100 closed down 0.25 at 6,611. A five-day winning streak had sent the index to 6,627.4 by the end of trade on Tuesday, its highest finish since 29 September. 

Next Session Predictions

For upcoming session if index manages to consolidate above 6600 level crossing of 6650 level it can show upside movement till 6900 with the support of 6400.

TOP GAINER

Name	Close Price	Change %
Anglo American	1364.5	1.68
Vodafone Group	221.99	1.35
Antofagasta	720.5	1.26
Tate & Lyle	636.5	1.19
Rio Tinto	3021	1.17

TOP LOSER

Name	Close Price	Change %
Capita	1048	-6.51
Sse	1536	-2.74
Barclays	229.5	-2.17
Centrica	297	-1.88
Tesco Plc	191.45	-1.8

London Stock Pick of the Day : St. Jame's Place Plc

Stock Pick of the Day

RECOMMENDATION BUY

TARGET 795

The primary trend of St. Jame's Place Plc is bullish and it managing to sustain at higher level with positive bias. Stock is managing to consolidate near to resistance level crossing of the resistance can show northward journey. One can initiates the long position in the stock above the level of 755 with the stop loss of 730 for the target of 795.

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CHART FORMATION:-

Stock is showing consolidation and sustain at higher level with positive bias.

It's 50 DMA has given the break out above 200 DMA which is indicting strength in the stock.

Technical Chart

 

INDICATORS:-

RSI is trading near to the level of 50 and showing consolidation, Breaching of the resistance level can manage to test the level of 70.

In ADX, Positive DI is placed above negative which is indicating strength for buying.

Macd & Signal line is about to give break out above Zero level line which is indicating strength in the stock.

London Stock Market Overview

U.K. Stock Market Insights

 

U.K. equity market ended the session on a high, helped by gains across the Pond and hopes of stimulus from China following the weekend's data. The FTSE 100 climbed 44.01 points to end the day at 6,611.25. In London, the stock market was drawn to the psychological 6,600 mark as trading volumes are as thin as news flows, the FTSE showed upside movement and closed at higher level. RSI is managing to trade above 50 level and In ADX is trading above 25 level with positive DI has given break out above negative DI with positive bias. As FTSE has given the break out 6600 and closed above it in upcoming session it can test the level of 6900 with the support of 6400.

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TOP GAINER

Name	Close Price	Change %
Tesco Plc	192.9	4.58
Man Group	133.4	3.17
Tate & Lyle	628	2.95
Rsa Insur Grp	456.8	2.35
Marks & Spencers	477.1	2.34

TOP LOSER

Name	Close Price	Change %
Sainsbury	253.78	-2.99
Centrica	299.8	-0.79
Rio Tinto	3020.5	-0.61
Bp	438.9	-0.54
Sse	1561	-0.51

London Stock Market Overview and Stock Pick

The FTSE 100 Index closed 16.09 points to the good at 6567.24. In economic news, September German trade data improved with an increase in Berlin's current account balance to €22.3bn compared with €10.3bn in August.The FTSE showed upside movement through out the week but at the end of session showed profit booking.RSI is managing to trade above 50 level and In ADX is trading above 25 level with positive DI has given break out above negative DI with positive bias.For upcoming session if Index can give break out above the 6600 level on daily charts , it can test the level of 6900 with the support of 6400 .

TOP GAINER

Name	Close Price	Change %
Bhp Billiton	1676	2.95
Anglo American	1364.5	2.67
Capita	1103	2.51
Rio Tinto	3039	2.41
Bg Group	1049.5	2.34

TOP LOSER

Name	Close Price	Change %
Rentokil Initial	116	-5
Rsa Insur Grp	446.2	-3.02
Morrison Supermkts	168.4	-2.38
Man Group	129.3	-1.97
Royal Bk Scotl Gr	374.9	-1.52

Stock Pick of the day : Essentra Plc

RECOMMENDATION Sell

TARGET 653

STOCK SUMMARY:

The short term trend of Essntra Plc is b but from last few trading session it's showing selling pressure and not managing to sustain at higher level. Stock is facing support from the rising trend line and consolidating near to it, breaching of it can show downside movement.One can initiate the short position in the stock below the level of 693 for the target of 653 with stop loss of 620.

CHART FORMATION:-

Stock is looking weak on chart and forming rising wedge pattern .Breaching of the wedge pattern can show downside movement.

Stock is managing to trade below 50 DMA and facing support from 200 DMA Breaching of it can show downside movement.

Technical Chart

INDICATORS:-

RSI is trading below the level of 50 with negative bias & given the break out of rising trnd line which indicating the down side movement in the stock.

In ADX , Negative DI has given the break out of positive DI which is indicating weakness in current trend.

Slow line has given the break out above fast level line with negative bias and about to give break out below zero level which showing selling pressure in the stock.

UK stock market at a glance

MARKET OVERVIEW

 

The London stock market was more or less flat by Thursday lunchtime, erasing earlier losses after a well-received update from Morrison's boosted shares in the retail sector.

However, upside was being limited ahead of a number of risk events expected before the weekend, including a European Central Bank (ECB) monetary policy decision and the all-important US non-farm payrolls report.London's FTSE 100 was just 0.1% lower at 6,533 by midday, with investors pausing for breath after a 1.3%gain the previous sessions.RSI is also trading above 50 level and index is giving closing above 50 DMA & 200 DMA with positive bias . For upcoming session it is looking strong and crossing of 6600 it can test the level 6900 with the 6400.

TOP GAINER

Name	Close Price	Change %
Sainsbury	262.2	6.03
Morrison Suppermkts	172.18	6.02
Marks& Spencers	470.4	5.92
Tesco Plc	181.5	3.27
Standard Chartered	960	2.56

TOP LOSER

Name	Close Price	Change %
Rsa Insur Grp	460.1	-4.96
Tate & Lyle	598.5	-1.72
Glaxosmithkline	1413.5	-1.57
Smith & Nephew	1053	-1.4
Enterprise Inns	129.5	-1.15

  FTSE Stock Pick of the day : Fresnillo Plc

RECOMMENDATION BUY

TARGET 740

The primary trend of Fresnillo Plc is bearish but it has shown recovery from bottom and manages to trade above with support of 50 DMA .Stock is showing strength in buying from last few trading session and trading with positive bias.One can initiates the long position in the stock after crossing of falling trend line at 702 it can test the level of 740 with the stop loss of 680.

 

CHART FORMATION:-

Stock is showing consolidation and showed recovery from bottom, one can go with strategy buying from bottom.

Stock is sustaining above 50 DMA and crossing of the resistance level and crossing 200 Dma can show further upside movement

 

INDICATORS:-

RSI is trading near to the level of 50 and showing consolidation , Breaching of the resistance level can manage to test the level of 70.

In ADX , Positive DI is placed above negative which is indicating strength for buying.

Macd & Signal line is about to give break out above Zero level line which is indicating strength in the stock.

London stock pick of the day : Arm Holding Plc

Stock of the day

RECOMMENDATION BUY

TARGET 940

The primary trend of Arm Holding Plc is bearish but it has shown recovery from bottom and manages to trade above 50 DMA .Stock is showing strength in buying from last few trading session and trading with positive bias.One can initiates the long position in the stock after crossing of falling trend line at 886 it can test the level of 940 with the stop loss of 860.

 

CHART FORMATION:-

Stock is forming falling wedge pattern and trading in the pattern crossing of the trend line can show northward journey.

Stock is sustaining above 50 DMA and crossing of the resistance level and crossing 200 Dma can show further upside movement

Click to enlarge

INDICATORS:-

RSI is trading near to the level of 50 and showing consolidation , Breaching of the resistance level can manage to test the level of 70.

In ADX is trading above 25 level , Positive DI is placed above negative which is indicating strength for buying.

Macd & Signal line is trading above Zero level line which is indicating strength in the stock.

London stock exchage overview

London Stock Exchange

 

Markets shrugged off fresh economic woes and gold price falls on Wednesday, helped by positive news from retailer Marks & Spencer (M&S). Continental European service sector data came in weak and UK service data also surprised on the downside, slowing to a 17-month low in October. The FTSE had a very positive session on Wednesday, testing the 6550 level and manage to close at higher level at 6539. Index is heading toward 6900 level with the strong buying from every pull back and 6400 level is proving to be strong support level.

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TOP GAINER

Name	Close Price	Change %
Mark & Spencer	444.1	9.74
Morrison Suppermkts	162.4	5.94
Associat Brit Foods	2942	5.71
Schroders Nvtg	1981	3.18
United Untilities Gr	865.5	2.79

TOP LOSER

Name	Close Price	Change %
Gusbourne	71.5	-3.38
Kingfisher	285	-2.83
Standard Chartered	936	-1
William Hill	351.8	-0.71
Dly Mail & Gen Tst A	790	-0.57