UK Stock Market Analysis and Stock pick of the Day as on 08/04/16

UK Stock Market Overview

London stocks ended lower on Thursday after uninspiring UK fourth quarter economic growth data.

The Office for National Statistics said UK gross domestic product rose 0.5% quarter-on-quarter in the final three months of 2015, up from 0.4% in the third quarter, as expected by analysts.

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"The preliminary estimate of UK GDP in Q4 confirmed that the recovery ended last year on a slightly lacklustre note, with growth a bit below its trend rate and still driven entirely by the services sector," said Vicky Redwood, chief UK economist at Capital Economics.

The FTSE 100 ended the day in red by 58 points at 5931. In the day market, if it crosses the resistance level of 6000 on upside after consolidation, then it can test the level of 6080 and the immediate Support level is 5920.

UK Stock Market Top Gainers

Name	Close Price	Change %
ANGLO AMERICAN	275.9	8.73
TESCO PLC	166.2	3.23
MORRISON SUPERMKTS	169.5	2.98
ANTOFAGASTA	384	2.29
BP	368.45	1.53

UK Stock Market Top Losers

Name	Close Price	Change %
CARNIVAL	3384	6.42
CENTRICA	200.2	4.71
SHIRE	3879	4.22
VODAFONE GROUP	215.3	3.54
ASTRAZENECA	4347	2.82

Stock Pick of the Day : Standard Chartered PLC

Trend  :  SELL

Target :  435

The Major trend of Standard Chartered PLC it is showing strength for selling If it crosses the support level then one can initiate selling position in the stock. If it cross the level of 455 then it can test level for the target of 435 with the stop loss of 475.

Technical Chart Formation

Stock is trading in a range and trading near the trend line. Breaking the support line will lead to upside movement. Stock is trading below the 50 DMA with negative bias.

Stock Indicators 

RSI is trading near to 41 levels with negative bias, in upcoming session downside movement is expected.

MACD and Signal line is sustained below the zero level line.

UK Stock Market Overview Wednesday, October 21 2015

The UK Stock market declined on Tuesday as investors weighed remarks from the Bank of England's Ian McCafferty and US data.

McCafferty, who was the only member of the Monetary Policy Committed to vote for higher interest rates in the past three meetings, said that the BoE should begin raising rates now to ensure gradual and steady path.

The FTSE 100 ended the day in red by 8 points at 6345. In the day market, if cross the resistance level of 6450 on upside after consolidation, then it can test the level of 6550 and the immediate support level is 6300 .  

Stock to watch : BARCLAYS PLC

RECOMMENDATION SELL

TARGET 249

BARCLAYS PLC  is majorly showing strength for selling. If it breaks the support level then one can initiate selling position in the stock. If it breaks the level of 252 then it can test support level for the target of 249 with the stop loss of 255.

CHART FORMATION:-

Stock is trading in a range and trading near the trend line. Breaking the support line will lead to downside movement. Stock is trading below the 50 DMA with negative bias.

INDICATORS:-

RSI is trading near to 43 levels with negative bias, in upcoming session downside movement is expected.

MACD and Signal line is sustained below the zero level line.

UK Stock Market Overview as on Monday, February 16 2015

MARKET OVERVIEW

 

UK Stock Exchange

London stock market was at the greener side on Friday after gains in commodity prices and Brent oil touching the prices of $60 a barrel first time this year. Also on other side hopes increased that Europe can come to an agreement over the future of Greece.

The FTSE 100 rose 0.7% to 6873.52 by the end of trade, its best finish since early September 2014. If during the day market is breaching the resistance level of 6890 on upside after consolidation, then it can test the level of 6960 with the support of 6840.

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TOP GAINER

Name	Close Price	Change %
BHP Billiton	1569	4.98
Glaxosmithkline	1553	4.54
Rolls-Royce Hldgs	944.5	4.36
BG Group	974.8	4.32
Rio Tinto	3151.5	3.68

TOP LOSER

Name	Close Price	Change %
BT Group	439.1	2.42
Carnival	2900	2.13
Associat Brit Foods	2905	2.06
SSE	1568	2.00
United Utilities Gr	954	1.95

London Stock Exchange Overview and Next Session Predictions

MARKET OVERVIEW

UK stocks falls after stronger U.S data and jump in oil prices. In first part of the day stock had started on the back foot after figures showed that the overall UK trade deficit unexpectedly widened from £1.8bn in November to £2.9bn in December, missing analysts' forecasts for a fall to £1.7bn.

The FTSE 100 finished the day in red with down 0.2% at 6853, as mining stocks tracked metal prices lower. If during the day market is breaching the resistance level of 6890 on upside after consolidation, then it can test the level of 6960 with the support of 6840.

TOP GAINER

Name	Close Price	Change %
Barclays	257.57	2.72
William Hill	388.9	1.89
Schroders	2965	1.72
Royal Bk Scotl GR	383.9	1.64
Aviva	537	1.42

TOP LOSER

Name	Close Price	Change %
Tate & Lyle	573.5	13.69
BG Group	932.7	2.31
Anglo American	1145.5	2.26
BHP Billiton	1505	2.15
Rexam	527.5	1.95

Stock pick of the Day : Aviva Plc

RECOMMENDATION BUY

TARGET 552

The Major trend of Aviva Plc is sideways and it is showing strength for buying. If it moves above the resistance then one can initiate the long position in the stock. If it breaks the level of 542 upside then it can show upside movement for the target of 552 with the stop loss of 536.

CHART FORMATION:-

Stock is forming Bullish Flag and buying can be seen in the chart. Crossing the resistance will lead to upside movement. Stock is trading above the 200 & 50 DMA with positive bias.

INDICATORS:-

RSI is trading near to 63.74 level with positive bias, in upcoming session upside movement is expected. Volume is also on higher side only.

MACD and Signal line is sustaining above the zero level line.

UK Stock Market Overview as on Monday, February 02 2015

London Stock Exchange

UK stocks falls on Friday after Eurozone consumer prices fell more than forecasts and the rate of US economic growth slowed sharply. The Eurozone fell further into deflation in January with consumer prices falling at an annual rate of 0.6% after a 0.2% fall the month before, worse than the 0.5% drop expected. The FTSE 100 close at 6749, down 0.9% on the day and close lowest since 21^st January.

The Index has shown weakness and close near two week low and during the day if market is breaching the support level of 6720 on downside after consolidation, then it can test the level of 6640 with the resistance of 6800.

TOP GAINER

Name	Close Price	Change %
BHP Billiton	1443	2.09
Smiths Group	1127	1.53
Anglo American	1113	1.41
Rio Tinto	2925	1.35
DLY Mail& Gen TST A	860.47	1.23

TOP LOSER

Name	Close Price	Change %
Sainsbury	255.40	3.18
Rexam	425	3.03
Morrison Supermkts	179.90	2.70
BT Group	417.90	2.61
Diageo	1970	2.60

Investec Plc

Technical Chart

RECOMMENDATION SELL

TARGET 544

The Major trend of Investec Plc is Consolidating in higher levels and it is showing weakness on charts and we can see downside movement in it. Stock is trading near its support of 556. One can initiate the short position in the stock if it breaks the level of 556 it can show downside movement for the target of 544 with the stop loss of 566.

CHART FORMATION:-

Stock is consolidating on higher level and showing weakness for downside movement in it for correction. Crossing the support will lead to downside movement. Stock is trading below the 50 DMA with negative bias.

INDICATORS:-

RSI is trading near to 43 level with negative bias , in upcoming session downside movement is expected.

MACD and Signal line is sustaining below the zero level line.

UK Stocks Overview as on Wednesday, January 28 2015

 

UK stocks falls after figure shown that economic growth slowed to just 0.5% in fourth quarter of 2014 due to contractions in construction and production. The FTSE 100 fell 0.6% to 6811.61. Market falls from its highest level in four and a half months. There is strong resistance at 6920 level and during the day if market is breaching the level of 6835 then it can test the level of 6920 with the support of 6720.

TOP GAINER

Name	Close Price	Change %
Centrica	282.70	4.16
SSE	1545	1.91
United Utilities GR	1015	1.70
BP	445.68	1.52
Sage Grp	484	0.83

TOP LOSER

Name	Close Price	Change %
Rolls-Royse Hldgs	879	2.66
ITV	225.90	2.5
Anglo American	1090	2.46
Johnson Matthey Plc	3497	2.02
Pearson	1321	1.86

UK Stock Market Updates as on Wednesday, January 21 2015

Stocks ended the session with modest gains on the heels of better-than-expected growth figures in China.The FTSE 100 gained 34.57 points to finish the day at 6,629.The FTSE has broke higher during the course of the day on Monday, testing the 6600 level area. There is strong resistance at 6650 level crossing of it can show northward journey and can test the level of 6800 with the support of 6400.Any short term correction will be buying opportunity, as index is sustaining above the 60 RSI with positive bias.

TOP GAINER

Name	Close Price	Change %
Wolseley	3759	3.43
Royal Bk Scotl gR	380.5	3.12
Anglo American	1121.5	2.94
Kingfisher	336.5	2.68
Rolls-Royce Hldgs	882.5	1.5

Travel and Retail sector jumped, UK Market ended flat.

A slight recovery in oil prices wasn't enough to ease the pressure on the energy sector on Friday, though stocks in London erased losses by the end of trade as shares in the travel and retail sectors jumped. London's FTSE 100, which hit a low of 6,667.08 in morning trade, finished more or less flat, falling just 0.01%to 6,722.62. The FTSE fell during most of the week, but found enough support near the 6675 level to turn things back . It is expected that market will go to 6900 level, which proving to be major resistance level with the support of 6400 level.

TOP GAINER

Name	Close Price	Change %
Carnival	2820	4.56
Kingfisher	312	3.41
Dly Mail & Gen Tst A	842	3.31
Vodafone Group	233.95	2.9
Imperial Tobacco	2960	2.46

TOP LOSER

Name	Close Price	Change %
Bg Group	902.4	-8.55
Bhp Billiton	1517	-3.19
Anglo American	1321.5	-2.26
Smith Group	1157	-2.12
Rolls-Royce Hldgs	842.5	-2.03

Drax Group Plc Ord

Technical Chart

RECOMMENDATION BUY

TARGET 652

The major trend of Drax Group Plc is bearish but it is showing strenght for upside and from last few trading it is not managing to sustain at lower level and closing with positive bias.For upcoming session stock looking strong on charts and facing resistance from 200 DMA crossing of it i.e. 612 show the level of 652 with stop loss of 599.

CHART FORMATION:-

Stock has looking strong on charts and forming flag pattern crossing of the neckline can give the target of pole.

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

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 trading above Zero level line with positive bias.

UK stock market insights

United Kingdom stocks closed lower on Monday, with banks and mining stocks providing a drag in the aftermath of the results of the latest EU bank stress tests and alongside a weak reading on German business confidence. The FTSE closed down 24.92 points at 6,363.81 after falling early on. FTSE 100 opened on positive note and made an intraday high at 6443, later on it showed down side movement and made a low at 6336 but manage to close on moderate loss. For upcoming session it can trade in a range of 6450-6300 , if it sustain above 6300 level and crossing of 6450 level it can test the level 6600.

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TOP GAINERS

Name	Close Price	Change %
Intercont Hotels	2268	2.3
Reed Elsevier Plc	993.5	1.58
Sabmiller	3398.5	1.22
Astrazeneca	240.4	0.92
Unilever	2431	0.91

 

TOP LOSERS

Name	Close Price	Change %
Smith Group	11118	-2.95
Antofagasta	678.5	-2.09
Barclays	221.35	-2.21
Rolls-royce Hldgs	777.5	-2.2
Lloyd Banking Group	75.34	-1.8