UK Stock Market Technical Analysis Monday, July 27 2015

MARKET OVERVIEW

Far weaker than expected data on the US housing markets proved to be the proverbial straw that broke the camel's back on Friday, setting off another round of selling in stocks and commodities ahead of next week's US Federal Reserve policy meeting

The FTSE 100 ended the day in red by 75.20 points at 6579.81 But if during the day market breaches the support level of 6550 on the downside after consolidation, then it can test the level of 6500 and the immediate resistance level is 6600

RELX PLC GROUP 

 

RECOMMENDATION SELL

TARGET 1085

The Major trend of RELX PLC it is showing strength for selling .If it breaks the support level then one can initiate the selling position in the stock. If it breaks the level of 1096 then it can test support level for the target of 1085 with the stop loss of 1106

CHART FORMATION:-

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

INDICATORS:-

RSI is trading near to 38.22 level with negetive bias, in upcoming session downside movement is expected.

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

FTSE overivew of last session

FTSE Overview

Coming off the morning's declines, London-listed stocks ended Monday's session on a relatively upbeat note, thanks to a strong performance by the mining sector on what was a generally quiet day for markets.The FTSE 100 finished near its best levels of the session, closing 26.27 points higher at 6,366.24.Index open the session with negative bias but bounced off of the 6300 level in order to form a hammer.Index can show recovery if it manages to sustain above 6300 level and breaching above 6400 level it can test the level of 6600.

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TOP GAINER

Name	Close Price	Change %
Anglo American	1388	4.72
Rio Tinto	3090	4.22
Bhp Billiton	1660.5	2.91
Antofagasta	677	2.34
United Utilities Gr	808	2.08

TOP LOSER

Name	Close Price	Change %
Tesco Plc	180.6	-2.51
Carnival	2155	-2.36
Enterprise Inns	11.27	-1.49
Smith & Nephew	976.5	-1.46
Shire	5140	-1.44

UK stock market overview

 

MARKET OVERVIEW

Weakness in the heavyweight mining sector pushed UK equity markets into the red on Thursday, outweighing a decent performance by financial stocks.Underwhelming interim results from the likes of Morrisons and Next were also weighing on sentiment in London.The FTSE 100 was trading 0.4% Lower at 6,805 by midday.

Index opened on gap up but did not manages to sustain higher and showed negative bias and closed with moderate loss.For upcoming session it will supposed to move in range of 6780-6820.Consolidating in the range can show further upside movement as RSI is trading above 50 level and having scope to test the 70 level as Index is managing to sustain above 50 DMA & 200 DMA so it is also indicating the strength of current trend with support of 6750.

TOP GAINER

Name	Close Price	Change %
Sse	1485	2.77
Itv	216.6	1.98
Enterprises Inns	118.2	1.9
Hays	127.4	1.11
Lloyds Banking	74.08	1.16

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TOP LOSER

Name	Close Price	Change %
Itv	212.5	-2.52
hays	126.2	-1.41
Sainsbury	289	-1.47
Dly Mail	846	-1.25
William Hill	349.6	-1.1

UK stock market overview

UK stock market overview

 

London's FTSE 100 had erased earlier losses and was trading in positive territory by Wednesday lunchtime, helped by decent gains from Kingfisher, Barratt Developments and precious metal stocks.However, upside was being limited by falls from Sports Direct and a host of blue chips that went ex-dividend.Index opened on flat note traded in a range and closed with minimal gain and manage to close above the level of 6800 which is proving as strong support zone.In near future if Index manages to sustain above 6750 level and showed consolidation it can test the level 6900 crossing of it can test 6950 level.

TOP GAINER

Name	Close Price	Change %
Kingfisher	320.2	4.23
Pearson	1161	2.65
Barclays	228.45	1.13
Bp	471.5	1
Glaxpsmithkline	1451.15	0.91

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TOP LOSER

Name	Close Price	Change %
Itv	212.5	-2.52
hays	126.2	-1.41
Sainsbury	289	-1.47
Dly Mail	846	-1.25
William Hill	349.6	-1.1

UK Stock Market Today's Overview

UK Stock Market today's overview

UK stocks declined on Friday after hitting an intraday 14-year high the previous session, as investors scaled back risk appetite ahead of the highly-anticipated US non-farm payrolls data.

London's FTSE 100 was trading 0.7% lower at 6,831 by midday after five straight days of gains.

The Footsie edged higher on Thursday to close at 6,877.97, its highest finish since 14 May when it settled at 6,878.49.

During the session the index reached a high of 6,904.86, its highest intraday level since the record 6,950.60 set in late December 1999.

For upcoming week it can consolidate with in a range and can show short term recovery and can test the level of 6800 as profit booking can be seen before breaching of 6910 level.

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UK Stock market overview

The FTSE closed just marginally above its opening level on Wednesday as investors responded to a drop in German consumer confidence, almost flat trading in the US and expectations for the next day's session, which is due to be significantly move data-heavy.

Coming off a sharp dip seen late afternoon, the FTSE 

ultimately closed 7.9 points higher at 6,830.66.

Index has managing to give closing above 6800 level and indicating it in near upside movement is expected once it manage to cross the level 6900 it can test the level 7000 as  it's sustain above above 50 DMA & 200 DMA with positive bias, It has managing to give closing above zero level line with MACD & Signal line sustain above that which is indicating further upside movement.  

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UK Stock Market Overview

European stocks ended Tuesday's session higher as investors weighed UK 

and US inflation data.

It was another positive finish for London's blue chips on Tuesday, which 

saw a jump at the opening bell followed by relatively steady trading 

throughout the session, with a slight dip seen late in the morning Ultimately, 

the FTSE 100 closed 38.06 points higher at 6,779.31.
 

RSI has trading above the level of 50 and looking strong for buying so in 

upcoming session it can test the level of 7000.

Index has managing to trade above 50 DMA and 200 DMA , DI is also showing 

strength in current trend as it's trading above 25 Level & positive DI is trading 

above negative DI so now index can test the level of 6950 with the support of

6600.

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UK STOCK MARKET OVERVIEW , Tuesday, August 12 2014

UK Stock Market Overview, Tuesday, August 12 2014

UK stocks registered a decent gain on Monday as investors 

took advantage of the bargains to be had following last 

week's declines and grew in confidence as geopolitical 

tensions eased.

After making a fairly steady climb throughout the day, 

the FTSE 100 ultimately closed 65.46 points  higher at 

6,632.82. 

For upcoming session 6500 level will be act as good 

psychological support if it manages to sustain above that 

short term recovery is expected, and it can test the level 

of 6700. 

As FTSE 100 opened gap up and manages to sustain above 6600 

level and facing resistance at 6650 level crossing of it can

show northward journey in the index.

UK Market, August 07 2014

• Fears about a possible Russian invasion of Ukraine set off another wave of selling in UK equity markets on 

  Wednesday, with a string of disappointing data also weighing on sentiment. 

• The FTSE 100 finished the session 0.69% lower at 6,636.16, having slipped to a low of 6,588.43 - 

  it has not fallen below 6,600 in intra-day trade since April 17th. The benchmark index is now at its 200-day 

  moving average. 

• The FTSE 100 was up 0.07% higher at 6,682 by the close of trading after finishing Monday's session 

  at 6,677.52 - its lowest close since 10 July .

• In upcoming session it can show short term recovery and can test the level at 6800 with the 

  support of 6550. 

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