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Content
Signals
All indicators - Medium term
Aviva PLCNov 21, 2024
Rentokil Initial Plc.Nov 21, 2024
Severn Trent PLCNov 21, 2024
Howden Joinery Group PNov 21, 2024
JD Sports Fashion PLCNov 21, 2024

The market moved up Thursday, and UK 100 (CBOE) ended at 820 points, which is an increase of 0.9 percent.

1000 shares showed a gain and 714 showed a loss. 139 shares were unchanged and closed at the same price as the previous day. There was no trading in 215 shares.

Total value of the trading volume for shares and primary capital certificates Thursday was approximately 701.5 billion.

Tesco PLC moved horizontally and closed at 349 pence (+0.1 percent). The stock has now risen for the seventh day in a row. It also looks good technically. The stock is trend wise positive in the medium term and a further increase is indicated.
DS Smith Plc. closed up 1.0 percent to 581 pence. The stock thereby broke the previous record from Jun 2018 and set a new all time high. The stock has now closed up for the fifth day in a row. Since the buy signal from the rectangle formation three weeks ago, the stock now has gained 20.4 percent.
British American Tobacco PLC showed a flat development and ended the day at 2923 pence (+0.0 percent). The stock has now closed up for the tenth day in a row. The stock is trend wise positive in the medium term.
JD Sports Fashion PLC closed at 96.10 pence after posting a loss of 17.4 percent. The previous time the stock lost this much was Mar 16. 2020, when it closed down 20.0 percent. The stock has thereby closed down 15 out of the past 21 days. Since the sell signal from the head and shoulders formation one month ago, the stock now has lost 24.7 percent. The volume was also high. At session end it was bought and sold shares for about 6361 million pence in the stock, which equals nine times mean daily turnover.
Halma PLC ended with a solid gain of 6.1 percent and closed at 2654 pence. We must go back to Jun 13 to find an equally strong rise. That time the stock gained 13.4 percent. It also looks good technically. The stock is trend wise positive in the medium term and a further increase is indicated.

US 500 approximately even on Wednesday
S&P 500 moved more or less horizontally on Wednesday and closed at 5917 points (+0.0 percent).

Indices
UK 100 (CBOE)
arrow red   Weak Negative Candidate
Investors have paid higher prices over time to buy UK 100 (CBOE) and the index is in a rising trend channel in the medium long term. Rising trends indicate that the market experiences positive development and that buy interest among investors is increasing. The index is moving within a rectangle formation between support at 806 and resistance at 839. A decisive break through one of these levels indicates the new direction for the index. The price has reacted back after a break of the rectangle formation. There is resistance around 822, which now opens good sales opportunities. A decisive break of this resistance will neutralize the negative signal. The index is testing resistance at points 824. This could give a negative reaction, but an upward breakthrough of points 824 means a positive signal. The index is overall assessed as technically slightly negative for the medium long term.
S&P 500
arrow green   Positive Candidate
S&P 500 is in a rising trend channel in the medium long term. This shows that investors over time have bought the index at higher prices and indicates good development for the market. There is no resistance in the price chart and further rise is indicated. In case of a negative reaction, the index has support at approximately 5670 points. RSI diverges negatively against the price, which indicates danger of a reaction downwards. The index is overall assessed as technically positive for the medium long term.
Today´s Case
Severn Trent PLC (SVT) Price 2746.00, Nov 21, 2024
chart
Severn Trent PLC is in a rising trend channel in the medium long term. Rising trends indicate that the company experiences positive development and that buy interest among investors is increasing. The price has broken the resistance at 2733 of a rectangle pattern, which signals a further rise. It also gave positive signal from the rectangle formation at the break up through the resistance at 2723. Further rise to 3215 or more is signaled. The stock has broken up through resistance at pence 2720. This predicts a further rise. In case of negative reactions, there will now be support at pence 2720. The stock is overall assessed as technically positive for the medium long term.
Recommendation: Positive
Latest days indices
AEX0.88%866.13
CAC400.21%7213.32
COMPX-0.11%18966.00
DAX0.74%19146
HEX0.06%9506.14
N1000.57%1434.67
OMXC25GI-0.79%2109.47
OMXSPI0.45%947.19
OSEBX0.87%1464.83
PSI20-0.10%6353.00
TECDAX0.34%3329.06
BUK100P0.87%819.81
EURUSD-0.52%1.0500
CL (OIL)-0.71%68.75
Indices Evaluations
 SML
AEXnegpospos
CAC40negneutralpos
COMPXpospospos
DAXneutralpospos
HEXnegposneg
N100negpospos
OMXC25GInegnegneg
OMXSPInegpospos
OSEBXpospospos
PSI20negnegneutral
TECDAXneutralposneutral
BUK100Pnegnegpos
EURUSDnegposneg
CL (OIL)negneutralneg

S: Short term.    M: Medium term.    L: Long term.
Stock Exchange barometer
FTSE 100 - Medium term
 
      
38% 17% 45%
 38 Buy Candidates
 17 Neutral
 44 Sell Candidates
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Investtech guarantees neither the entirety nor accuracy of the analyses. Any consequent exposure related to the advice / signals which emerge in the analyses is completely and entirely at the investors own expense and risk. Investtech is not responsible for any loss, either directly or indirectly, which arises as a result of the use of Investtechs analyses. Details of any arising conflicts of interest will always appear in the investment recommendations. Further information about Investtechs analyses can be found here disclaimer. The content provided by Investtech.com is NOT SEC or FSA regulated and is therefore not intended for US or UK consumers.


Investtech guarantees neither the entirety nor accuracy of the analyses. Any consequent exposure related to the advice / signals which emerge in the analyses is completely and entirely at the investors own expense and risk. Investtech is not responsible for any loss, either directly or indirectly, which arises as a result of the use of Investtechs analyses. Details of any arising conflicts of interest will always appear in the investment recommendations. Further information about Investtechs analyses can be found here disclaimer. The content provided by Investtech.com is NOT SEC or FSA regulated and is therefore not intended for US or UK consumers.

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