UK Stock Market Analysis/Stock Pick of the Day for 29/12/2015

FTSE Technical Analysis

Stocks and Gilts rose, but prices for industrial metals and the US dollar retreated after the minutes of the US central bank's policy meeting were released overnight.

The initial reaction from many traders and economists to the Federal Reserve's minutes was that a December interest rate hike was now quite possible, but for some - especially the former - apparently not certain.

The FTSE 100 ended the day in green by 50 points at 6329. In the day market, if breach the support level of 6200 on downside after consolidation, then it can test the level of 6140 and the immediate Resistance level is 6260.  

Top Losers

Name	Close Price	Change %
TESCO PLC	150.9	1.31
BT GROUP	467.05	1.24
JOHNSON MATTHEY	2703	1.1
SAGE GRP	596	0.67
WPP	1538	0.65

Top Gainers

Name	Close Price	Change %
BP	365.95	1.54
ANGLO AMERICAN	328.05	1.45
OLD MUTUAL	181.7	1.45
MARKS & SPENCER	453.4	1.43
HAYS	148.3	1.3

Stock of the Day : BARCLAYS PLC

The Major trend of BARCLAYS PLC it is showing strentgh for buying If it crooses the resistance level then one can initiate buying position in the stock. If it crosses the level of 223 then it can test level for the target of 228 with the stop loss of 218

Barclays PLC

Technical Chart 

Stock is trading in a range and trading near the trend line. Breaking the resistance line will lead to upside movement. Stock is trading up the 50 DMA with positive bias.

Stock Technical Chart

Stock Technical Analysis/Forecast

RSI is trading near to 60.30 levels with positive bias, in upcoming session upside movement is expected.

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

Stock Picks FREE Trial

 

Top Gainers and losers : UK stock Market

Top Gainers and losers of UK stock Market

 

TOP GAINER

Name	Close Price	Change %
Bp	466.8	2.59
Schroders Nvtg	1880	1.18
Smith & Nephew	1065	1.04
Severn Trent	1995	0.76
Rsa Insur Grp	470	0.69

For free stock picks trial click here

 

TOP LOSER

Name	Close Price	Change %
Royal Bk Scotl Gr	347	-2.23
Capita	1190	-2.22
Barclays	226.25	-1.95
Enterprise inns	121	-1.87
Anglo American	1564.5	-1.82

Stock pick of the day : Morrison(wm) Suppermarket

 

Morrison(wm) Suppermarket

RECOMMENDATION : BUY

TARGET 184

Morrison (wm) Suppermarket Plc is looking good for buying , Stock is showing accumulation from bottom with good volumes and gaining strength for buying. It is managing to cross the falling trend line and sustains above it with positive bias. Stock has showing consolidate near to resistance level i.e 176 crossing of it can show northward journey with stop loss of 171 for the tgt of 184.

For free stock picks trial click here

CHART FORMATION:-

Stock has given the break out above the falling channel and facing resistance from the level of 176 crossing of it can show upside movement.

It's managing to trade above 50 DMA & facing resistance from 89 EMA i.e 176 crossing of it can show the level of 181.

INDICATORS:-

RSI is trading above the level of 50 and looking further bullish and facing resistance at 65 crossing of it can test the level of 70.

Fast line has given the break out above slow line and it's about to give the break out above the zero level line.

ADX is trading above 25 level, Positive DI has given the break out above Negative DI which is indicating strength in the stock.

Top Gainers & Losers of FTSE 100, Tuesday, August 19 2014

TOP GAINER

Name	Close Price	Change %
Smith Group	1300	2.69
Astrazenca	4201.5	2.66
Rentokil intial	125.1	1.87
Carnival	2279	1.79
Associat brit Foods	2855	1.71

For free stock picks trial click here

TOP LOSER

Name	Close Price	Change %
Brit Land Co Reit	723.95	-0.89
Recitt Benck Grp	5255	-0.66
Land Sec REIT	1092	-0.55
Tata & Lyle	679	-0.37
Rsa Insur grp	437.8	-0.36

UK MARKET OVERVIEW : Wednesday, August 13 2014

 
UK market overview

UK stocks had practically clawed back all of their losses come the end of 

trading on Tuesday as investors continued to watch geopolitical 

developments across the globe.

The FTSE 100 was down just 0.01% at 6,632 by the close, having touched a 

low of 6,617.31 early on. 

Index has trading in narrow range of 6600 to 6650 for upcoming session 

if it is managing to give closing above 6600 level crossing of 6650 level 

it can test the level  of 6700,RSI has trading above the level of 50 and 

looking strong for buying. 

Index has managing to trade above 50 DMA and facing resistance from 

200 DMA crossing of it can show further upside movement.

For free stock picks and FOREX signals trial click here 

Stocks : Top Gainers, Monday, August 11 2014

Top Gainers,Monday, August 11 2014

Name	Close Price	Change %
Royal Bk Scotl Gr	345.6	2.43
Anglo American	1551	1.47
Morrison Subermkts	169.6	1.37
Tesco Plc	247	1.31
Sage Grp	387	1.28

Stocks : Top Losers in the UK market on Friday, August 08 2014

Below mentioned Stocks Showed the Bearish trend today in the UK Stock Market

Name	Close Price	Change %
Rsa Insur Grp	430.5	-3.02
Glaxosmithkline	1377	-2.75
Anglo American	1528.5	-2.64
Royal Bk Scotl Gr	337.4	-2.51
Bhp Billiton	1993	-2.06

Market Overview, August 08 2014

Market Overview

 

 

• UK stocks finished the session at their intra-day lows almost as traders 

  continued to anxiously watch developments between Ukraine and Russia. 

• Nato said that the significant increase of Russian troops near Ukraine 

  over the last few days is of "great concern" amid fears that Moscow 

  is readying to invade. 

• Russia has denied the allegations, saying that comments from Nato 

  are misleading.

• That came as both the Bank of England and the European Central 

  Bank (ECB) decided to keep their respective monetary policy settings 

  unchanged.The FTSE 100 ended the day 0.58% lower at 6,597.37. 

  For upcoming session it has given the closing below 50 DMA & 200

  DMA it can continue  it's downward trend and can test the level of 

  6400 with the resistance of 6700.