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.

GBP JPY Forex Technical Analysis

SUMMARY :

GBP/JPY is in uptrend but prices are not sustaining on higher level. It is sustaining on rising trendline & forming a double top formation on higher levels,which is expected to give a breakout downside. If GBP/JPY breaks the level of 181.40 it can come down to the levels of 180.40 . Prices are taking resistance from 30 DMA & consolidating for gaining strength to give down side breakout. RSI is sustaining below the 50 level & showing no strength to breaking it upside & indicating to continue the down trend for this week also. MACD line is sustaining below the Zero line & supporting the downside movement for next few sessions.

 

Technical Chart

STRATEGY :

GBP/JPY is looking weak on charts. Indicators also supporting the same. One can go for sell on higher level strategy for this pair for intra day to mid term positions

Pivot Points for Monday, November 17 2014

	S3	S2	S1	PIVOT	R1	R2	R3
EUR/USD	1.2490	1.2502	1.2512	1.2524	1.2534	1.2546	1.2556
GBP/USD	1.5634	1.5649	1.5657	1.5672	1.5680	1.5695	1.5703
USD/JPY	115.79	116.07	116.48	116.77	117.18	117.47	117.88
USD/CHF	0.9572	0.9579	0.9586	0.9593	0.9600	0.9607	0.9614
AUD/USD	0.8709	0.8728	0.8740	0.8759	0.8771	0.8790	0.8802
EUR/GBP	0.7974	0.7980	0.7986	0.7992	0.7998	0.8004	0.8010
USD/CAD	1.1266	1.1273	1.1281	1.1288	1.1296	1.1303	1.1311
NZD/USD	0.7894	0.7911	0.7922	0.7939	0.7950	0.7967	0.7978

UK stock pick of the day : Smith & Nephew Plc

UK stocks rebounded on Thursday, heading for their highest close in over six weeks, as markets shrugged off disappointing economic data in China and were buoyed by speculation that policymakers will take action to avert a global slowdown.The FTSE 100 was up 0.3% at 6,634 by midday - it has not closed above this level since 29 September when it settled at 6,646.6.RSI is managing to sustain above 50 level with positive bias, 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.

Stock of the Day

RECOMMENDATION BUY

TARGET 1185

The primary trend of Smith & Nephew Plc is bullish and it's consolidating near to resistance level crossing of the resistance can show northward journey. Stock is trading with positive bias and facing resistance from the trend line, crossing of it can test the level of 1185. One can initiate long position in the stock above the level of 1075 with the stop loss of 1035 for the target of 1185.

CHART FORMATION:-

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

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

Technical Chart

INDICATORS:-

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

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.

UK Stock Pick of the Day and its Technical Analysis

Stock of the Day

RECOMMENDATION BUY

TARGET 2675

The primary trend of Unilever Plc is side ways and it's consolidating near to resistance level crossing of the resistance can show northward journey .Stock has shown recovery from the bottom and manages show positive bias from last few trading sessions.One can initiates the long position in the stock above the level of 2575 with the stop loss of 2525 for the target of 2675.

CHART FORMATION:-

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

It's trading above 50 DMA and facing resistance from 200 DMA crossing above it can show upside movement

Technical chart

INDICATORS:-

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

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.

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.