UK 100 (CBOE) shows strong development within a rising trend channel in the medium long term. This signals increasing optimism among investors and indicates continued rise. The index is moving within a rectangle formation between support at 807 and resistance at 839. A decisive break through one of these levels indicates the new direction for the index. The index is between support at points 824 and resistance at points 842. A definitive break through of one of these levels predicts the new direction. The index is overall assessed as technically positive for the medium long term.

Lloyds Banking Group PLC is in a rising trend channel in the medium long term. This shows that investors over time have bought the stock at higher prices and indicates good development for the company. The stock has met the objective at 55.52 after a break of the rectangle formation. The price has now fallen, but the formation indicates further rise. The stock has broken down through support at pence 56.00. This predicts a further decline. In case of positive reactions, there will now be resistance at pence 56.00. The volume balance is negative and weakens the stock in the short term. RSI is below 30 after the falling prices of the past weeks. The stock has strong negative momentum and further decline is indicated. However, particularly in big stocks, low RSI may be a sign that the stock is oversold and that there is a chance for a reaction upwards. The RSI curve shows a falling trend, which is an early signal of a possible trend reversal downwards for the price as well. The stock is overall assessed as technically slightly negative for the medium long term.