FTSE 100 index components
3i Group plc
Updated on 18th December 2023.
Outlook is bullish.
Click here for chart of 3i Group.
Trading at £23.49 which is above the upward trending 150 day simple moving average at £20.19, indicating a bullish outlook. A fall to the £17.50 level would be required to provide evidence of a breakdown of the current upward trend.
Admiral Group plc
Updated on 18th December 2023.
Outlook is bullish.
Click here for chart of Admiral Group.
Trading at £26.55 which is above the 150 day simple moving average at £23.69, and the latter has recently turned upwards, thereby indicating a bullish outlook. A fall below £21.25 would be required to provide evidence of a breakdown of the current upward trend.
Anglo American plc
Updated on 18th December 2023.
Outlook is bearish.
Click here for chart of Anglo American.
Trading at £18.24. The stock has fallen below the 'neckline' of a 'head and shoulders' formation, thereby indicating a bearish outlook. The distance from the 'neckline' at £25.25 to the 'head' at £41.70 is £16.45. Chart theory says that the forecast fall is therefore the same linear distance below the 'neckline' = £8.80 (£25.25 - £16.45), an alarming prediction, but I find that rule to be quite arbitrary. Nevertheless, there is no doubting that there are many 'stale bulls' (shareholders who bought at higher than the current price level), and this inevitably impedes any upward progress. A rally above the 'neckline' would be required to provide evidence of a breakout from the current downward trend.
Antofagasta plc
Updated on 18th December 2023.
Outlook is moderately bullish.
Click here for the chart of Antofagasta.
Trading at £16.16. The stock is trading within a range of £13.50 to £17.50, indicating a moderately bullish outlook. The outlook would become more bullish if the stock goes above £17.50, and it would become bearish if it falls below £13.50.
Ashtead Group plc
Updated on 18th December 2023.
Outlook is bullish.
Click here for the chart of Ashtead Group.
Trading at £54.32 which is above the upward trending 150 day simple moving average at £52.03. A fall below £44.44 would be required to provide evidence of a breakdown of the current upward trend.
Associated British Foods plc
Updated on 18th December 2023.
Outlook is bullish.
Click here for chart of Associated British Foods.
Trading at £23.70 which is above the upward trending 150 day simple moving average, and the stock has broken out from a downward trend, thereby indicating a bullish outlook. A fall to £18.50 would provide evidence of a breakdown of the current upward trend.
AstraZeneca plc
Updated on 18th December 2023.
Outlook is moderately bullish.
Click here for chart for AstraZeneca.
Trading at £101.86 which is below the 150 day simple moving average at £107.88 which has recently turned downwards. However, there is a strong support level at £10, therefore indicating a moderately bullish outlook. A fall below the key £10 level would change the outlook to bearish.
Auto Trader Group plc
Updated on 18th December 2023.
Outlook is bullish.
Click here for chart of Auto Trader.
Trading at £6.97 which is above the 150 day simple moving average of £6.36, and the latter has recently turned upwards, indicating a bullish outlook. The stock has challenged the previous high of £7.40 and has encountered resistance at that level. A fall below £6 would be required to provide evidence of a breakdown of the current upward trend.
Aveva Group plc
Updated on 18th December 2023.
Aveva Group shares were de-listed in January 2023, following the takeover by Schneider Electric at £32.25 per share.
Aviva plc
Updated on 18th December 2023.
Outlook is bearish.
Click here for the chart for Aviva.
Trading at £4.30 which is above the 150 day simple moving average at £3.98, and the latter has recently turned upwards. However, the stock has traded within a downward trend channel since 2018, thereby indicating a bearish outlook. This is partially mitigated by the support level which is evident at £4. A rally up to the £6 level would be required to provide evidence of a breakout from the current downward trend.
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BAE Systems plc
Updated on 18th December 2023.
Outlook is bullish.
Click here for chart of BAE Systems.
Trading at £10.58 which is above the upward trending 150 day simple moving average at £10.02, indicates a bullish outlook. A fall below £8.88 would be required to provide evidence of a breakdown of the current upward trend.
Barclays plc
Updated on 18th December 2023.
Outlook is bearish.
Click here for chart of Barclays.
Trading at £1.46 which is close to the downward trending 150 day simple moving average. Also, the stock has failed to break out from the downward trend line which began in 2022, thereby indicating a bearish outlook. A rally to the £1.70 level would be required to break out of the current downward trend.
Barratt Developments plc
Updated on 18th December 2023.
Outlook is bearish.
Click here for chart of Barratt Developments.
Trading at £5.66 which is above the 150 day simple moving average at £4.52 and the latter has turned slightly upwards. The stock has failed to breach the downward trend line that began in 2020. A rally to the £6 level would be required to provide evidence of a breakout from the current downward trend.
Berkeley Group Holdings plc
Updated on 18th December 2023.
Outlook is bullish.
Click here for chart of Berkeley Group Holdings.
Trading at £48.69 which is above the 150 day simple moving average at £41.72, and the latter has recently turned slightly upwards. Also, the stock has broken out from a downward trend line that began in 2020, thereby indicating a bullish outlook. A fall to the £40 level would be required to provide evidence of a breakdown of the current upward trend.
BHP Group plc
Updated on 18th December 2023.
Outlook is bullish.
Click here for chart of BHP Group.
Trading at £25.84 which is above the 150 day simple moving average at £23.54. The 150 day has changed direction several times, but the stock has traded above an upward trend line since 2017 thereby indicating a bullish outlook. A fall to £20.50 would take the stock below this trend line, and provide evidence of a breakdown of the current upward trend.
BP plc
Updated on 18th December 2023.
Outlook is bearish.
Click here for chart of BP.
Trading at £4.57 which is below the 150 day simple moving average at £4.87, and the latter has recently turned downwards. Also, the stock has traded within a downward trend channel since 2006, thereby indicating a bearish outlook. A rally up to the £6 level would be required to provide evidence of a breakout from the downward trend channel.
British American Tobacco plc
Updated on 18th December 2023.
Outlook is very bearish.
Click here for chart of British American Tobacco.
Trading at £23.11 which is below the downward trending 150 day simple moving average at £25.49. The breach of the support level at £25, indicates a very bearish outlook. A rally above the key £25 level would be required to provide evidence of a breakout from the current downward trend.
British Land plc
Updated on 18th December 2023.
Outlook is bearish.
Click here for chart of British Land.
Trading at £4.09 which is above the 150 day simple moving average at £3.29 and the latter has recently turned upwards. However, the downward trend channel remains intact, thereby indicating a bearish outlook. A rally higher than £5 would be required to provide evidence of a breakout from this long term downward trend channel which has been in place since 2019.
BT Group plc
Updated on 18th December 2023.
Outlook is bearish.
Click here for the chart of BT Group.
Trading at £1.25 which is close to the downward trending 150 day simple moving average. Also, the stock has traded within a downward trend channel since 2019, thereby indicating a bearish outlook. A rally up to the £2 level would be required to provide evidence of a breakout from the current downward trend channel.
Bunzl plc
Updated on 18th December 2023.
Outlook is bullish.
Click here for chart of Bunzl.
Trading at £31.13 which is above the 150 day simple moving average at £29.31, and the latter has recently turned slightly downwards. However, the stock is challenging the resistance level at £31, thereby indicating a bullish outlook. A fall below £26.75 would be required to provide evidence of a breakdown of the current upward trend.
Burberry Group plc
Updated on 18th December 2023.
Outlook is bearish.
Click here for chart of Burberry.
Trading at £15.23 which is below the 150 day simple moving average at £19.66, and the latter has recently turned downwards. The stock has an erratic history, but has retained a very broad and gradual upward trend. However, it looks to be heading down to a key support level at £12.50, therefore the outlook is bearish. The stock would need to get back up to the £20 level, to change the outlook to a more bullish scenario.
Carnival Corporation plc
Updated on 18th December 2023.
Outlook is bearish.
Click here for chart of Carnival Corporation.
Trading at £13.29 which is above the 150 day simple moving average at £10.76, and the latter has recently turned upwards. However, the stock has failed to break out from the longer term downward trend, although it might be showing some signs of bottoming out. A rally to around the £18.50 level would be required to provide evidence of a breakout from the current downward trend.
Centrica plc
Updated on 18th December 2023.
Outlook is bullish.
Click here for chart of Centrica.
Trading at 141p which is on the upward trending 150 day simple moving average, indicating a bullish outlook. The stock broke out of a long term downward trend channel in 2022, but the old support level at £2 is likely to be a new resitance level. A fall below 118p, would be required to provide evidence of a breakdown of the current upward trend.
Coca Cola HBC
Updated on 18th December 2023.
Outlook is bearish.
Click here for chart of Coca Cola HBC.
Trading at £22.77 which is close to the 150 day simple moving average and the latter has recently turned upwards. However, the stock has traded within a downward trend channel since 2019, thereby indicating a bearish outlook. A rally higher than £26 which would take the stock above this trend channel, would be required to provide evidence of a breakout from the current downward trend.
Compass Group plc
Updated on 18th December 2023.
Outlook is bullish.
Click here for chart of Compass Group.
Trading at £20.93 which is close to the upward trending 150 day simple moving average. The 150 day looks like it has turned slightly downwards on the 5 year chart. However, on the 1 year chart, one can clearly see that it has turned upwards again, after a slight decline, indicating a bullish outlook. The stock is now encountering resistance around the £20 level, being the previous high, reached in 2019, but it appears to be breaking through. A period of trading below £20, and with £20 acting as a resistance level, would be required to provide evidence of a breakdown of the current upward trend.
Croda International plc
Updated on 18th December 2023.
Outlook is bearish.
Click here for chart of Croda International.
Trading at £50.60 which is close to the downward trending 150 day simple moving average, thereby indicating a bearish outlook. Also, the stock has fallen below the 'neckline' of a 'head and shoulders' formation, another bearish indicator. The distance between the 'neckline' at £60, and the 'head' at £100, is £40. Chart theory from most sources say that you deduct that 'distance' of £40 from the 'neckline' at £60, to get £20, being the predicted level to which the stock will fall. A rally that takes the stock above the 'neckline' at £60, would be required to provide evidence that it has broken out from the current downward trend.
Diageo plc
Updated on 18th December 2023.
Outlook is moderately bullish.
Click here for chart of Diageo.
Trading at £28.33 which is below the 150 day simple moving average at £31.69 and the latter turned downwards at the end of 2022. However, the longer term upward trend remains intact, as the recent pull back in the stock has taken it back to the underlying upward trend line. A fall below £25 would be required to provide evidence of a breakdown of the current upward trend.
Evraz plc
Updated on 18th December 2023.
Trading in Evraz plc shares was suspended in March 2022 pending clarification of the impact of UK sanctions on Russian companies.
Experian plc
Updated on 18th December 2023.
Outlook is bullish.
Click here for chart of Experian plc.
Trading at £31.99 which is above the 150 day simple moving average at £28.41, and the latter has recently turned upwards. The stock appears to be breaking through the resistance level at £30, indicating a bullish outlook. A fall below £23.90 would be required to provide evidence of a breakdown of the current upward trend.
Ferguson plc
Updated on 18th December 2023.
Outlook is bullish.
Click here for chart of Ferguson.
Trading at £149 which is above the upward trending 150 day simple moving average at £127, thereby indicating a bullish outlook. A fall below £100 would be required to provide evidence of a breakdown of the current upward trend.
Fresnillo plc
Updated on 18th December 2023.
Outlook is bearish.
Click here for chart of Fresnillo.
Trading at £5.85 which is close to the downward trending 150 day simple moving average, indicating a bearish outlook. There are many 'stale bulls' in this stock who bought in at higher price levels, and they are likely to restrict progress. Also, the rallies that have taken place within a long term down trend, have been progressively weaker, reinforcing the bearish outlook. A rally above £10, and a period of time trading above that level, would be required to provide evidence of a breakout from the current downward trend.
GlaxoSmithKline plc
Updated on 18th December 2023.
Outlook is moderately bearish.
Click here for chart of GlaxoSmithkline.
Trading at £14.19 which is close to the 150 day simple moving average. However, the stock has traded within a range of £18 on the upside, and £13 on the downside, since 2013, and the return of the stock to the lower part of that range indicates a bearish outlook. A breakout above the £18 level would be required to provide evidence of a more bullish outlook.
Glencore plc
Updated on 18th December 2023.
Outlook is bullish.
Click here for chart of Glencore.
Trading at £4.60 which is at the 150 day simple moving average, which has recently turned upwards thereby indicating a bullish outlook. A fall below £4 would be required to provide evidence of a breakdown of the current upward trend.
Halma plc
Updated on 18th December 2023.
Outlook is bearish.
Click here for chart of Halma.
Trading at £22.61 which is above the 150 day simple moving average, and the latter has recently turned downwards, thereby indicating a bearish outlook. A rally above £25 would be required to provide evidence of a breakout from the current downward trend.
Hargreaves Lansdown plc
Updated on 18th December 2023.
Outlook is bearish.
Click here for chart of Hargreaves Lansdown.
Trading at £7.20 which is close to the downward trending 150 day simple moving average, indicating a bearish outlook. A rally higher than £12.50 would be required to provide evidence of a breakout from the current downward trend.
Hikma plc
Updated on 18th December 2023.
Outlook is moderately bullish.
Click here for chart of Hikma.
Trading at £17.36 which is below the 150 day simple moving average of £19.39 and the latter has recently turned downwards. The stock has traded within a very wide upward trend channel. It is currently at the lower end of that channel, and the large number of 'stale bulls' who have bought in at higher prices is likely to restrict any significant upward movement in the stock.
Hiscox plc
Updated on 18th December 2023.
Outlook is moderately bullish.
Click here for chart of Hiscox.
Trading at £10.44 which is close to the 150 day simple moving average and the latter has recently turned downwards. However, the stock has continued to trade within a new upward trend channel. A fall below £9, taking it below this trend channel, would be required to provide evidence of a breakdown from the current upward trend.
HSBC plc
Updated on 18th December 2023.
Outlook is moderately bullish.
Click here for chart of HSBC.
Trading at £6.12 which is close to the 150 day simple moving average, and the latter has recently turned upwards. However, the 150 day has changed direction several times and the stock appears to be in a slight downward trend channel in the longer term. However, the performance compared to other bank stocks is impressive, especially in downturns. A rally up to £8, which would take the stock out of this downward trend channel, would improve the outlook. A fall to £5 would reinforce the gradual downward trend, and change the outlook to moderately bearish.
Imperial Brands plc
Updated on 18th December 2023.
Outlook is moderately bullish.
Click here for chart of Imperial Brands.
Trading at £18.17 which is slightly above the 150 day simple moving average, and the latter has recently turned upwards (on examining the 2 year chart). Also, the stock has broken out of a long term downward trend. Upward momentum will be impeded by the many 'stale bulls' in the stock, indicating a moderately bullish outlook. A fall to the £16 level would be required to provide evidence of a breakdown of the current upward trend.
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Informa plc
Updated on 18th December 2023.
Outlook is bullish.
Click here for chart of Informa.
Trading at £7.69 which is above the 150 day simple moving average at £7.30, and the latter has recently turned upwards. Many shareholders bought in at price levels from £7 to £8, but many of these 'stale bulls' are being 'taken out' while the stock continues to trade above £7. A fall to the £6 level would be required to provide evidence of a breakdown of the current upward trend.
Intercontinental Hotels Group plc
Updated on 18th December 2023.
Outlook is bullish.
Click here for chart of Intercontinental Hotel Group.
Trading at £71.04 which is above the 150 day simple moving average at £58.72, and the latter has recently turned upwards. A fall below £50 would be required to provide evidence of a breakdown of the current upward trend.
Intertek Group plc
Updated on 18th December 2023.
Outlook is bearish.
Click here for chart of Intertek.
Trading at £40.71 which is close to the 150 day simple moving average, and the latter has recently flattened out. The 150 day has changed direction a number of times, without any change resulting in the underlying trend. However, the stock has recently fallen below a support levels at £45 and £50, thereby indicating a bearish outlook. A rally above £50 would be required to provide evidence of a breakout from the current downward trend.
International Consolidated Airlines Group plc
Updated on 18th December 2023.
Outlook is moderately bearish.
Click here for chart of International Consolidated Airlines.
Trading at £1.58 which is close to the 150 day simple moving average and the latter has recently turned slightly upwards. The stock may have bottomed out, but a rally taking it about the £2 level would be required to provide evidence that it is on the road to recovery. Therefore, the outlook is moderately bearish.
ITV plc
Updated on 18th December 2023.
Outlook is bearish.
Click here for chart of ITV.
Trading at 63p which is slightly below the 150 day simple moving average at 70p, and the latter has recently turned downwards. However, the stock remains locked in a downward trend channel that began in 2015. A rally higher than £1.30 would be required to breakout on the upside of that trend channel, and provide evidence of a breakout from the current downward trend.
JD Sports Fashion plc
Updated on 18th December 2023.
Outlook is moderately bullish.
Click here for chart of JD Sports Fashion.
Trading at £1.73 which is above the 150 day simple moving average at £1.46 and the latter has recently turned upwards. However, the large number of 'stale bulls' in the stock is likely to restrict upward progress. A fall to around £1 would be required to provide evidence of a breakdown of the current upward trend.
Johnson Matthey plc
Updated on 18th December 2023.
Outlook is bearish.
Click here for chart of Johnson Matthey.
Trading at £16.67 which is close to the 150 day simple moving average which has recently turned downwards. Also, the stock has traded within a downward trend channel since 2016, thereby confirming a bearish outlook. There are a lot of 'stale bulls' in the stock, so a rally up to the £25 level, and a period of consolidation around that level, would be required to provide evidence of a breakout from the current downward trend.
Kingfisher plc
Updated on 18th December 2023.
Outlook is bearish.
Click here for chart of Kingfisher.
Trading at £2.44 which is above the 150 day simple moving average at £2.28 and the latter has recently turned downwards. However, there is no discernable trend for this stock, and the significant number of 'stale bulls' who bought in at higher than the current price, points to a bearish outlook. A rally to £3, and a period of consolidation around that level, would be required to improve the outlook for the stock.
Land Securities Group plc
Updated on 18th December 2023.
Outlook is bearish.
Click here for chart of Land Securities.
Trading at £7.13 which is above the 150 day simple moving average at £6.11 and the latter has recently turned slightly upwards. However, the long term downward trend remains intact, thereby indicating a bearish outlook. A rally higher than £10, and a period of consolidation around that level, would be required to provide evidence of a breakout from the current downward trend.
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Legal & General Group plc
Updated on 18th December 2023.
Outlook is moderately bullish.
Click here for chart of Legal & General Group.
Trading at £2.45 which is above the 150 day simple moving average at £2.25 and the latter has recently turned upwards. The stock has mostly traded within a range of £2.25 to £3 since 2019. A breakout above £3 would indicate a more bullish outlook, and the converse applies to any fall below £2.25.
Lloyds Banking Group plc
Updated on 18th December 2023.
Outlook is bearish.
Click here for chart of Lloyds Banking Group.
Trading at 47p, the stock does not appear to have broken out of a downward trend, thereby indicating a bearish outlook. A rally higher than 55p, would be required to provide evidence of a breakout from the current downward trend.
London Stock Exchange plc
Updated on 18th December 2023.
Outlook is bullish.
Click here for chart of London Stock Exchange.
Trading at £92.78 which is above the 150 day simple average of £84.51, and the latter has recently turned upwards, indicating a bullish outlook. The stock looks set to test the all time high of £98, but will inevitably encounter resistance at that level. A fall below £70 would be required to provide evidence of a breakdown of the current upward trend.
Meggitt plc
Updated on 18th December 2023.
Meggitt plc shares were delisted following the takeover at £8 per share by US company Parker-Hannifin.
Melrose Industries plc
Updated on 18th December 2023.
Outlook is moderately bullish.
Click here for chart of Melrose Industries.
Trading at £5.54 which is above the upward trending 150 day simple moving average of £5.06. However, the stock is likely to encounter resistance at the current level, thereby indicating a moderately bullish outlook. On both occassions that it has traded above £5.50, it failed to retain that level. A fall below £4.50, with that level becoming a resistance point, would be required to provide evidence of a breakdown of the current upward trend.
Mondi plc
Updated on 18th December 2023.
Outlook is moderately bearish.
Click here for chart of Mondi.
Trading at £15.06 which is above the 150 day simple moving average at £13.23 and the latter has recently turned upwards. There is a major support level for the stock around £13. However, the rallies from that level have got progressively weaker, indicating a moderately bullish outlook. A fall below £13, with that level then acting as resistance, would be change the outlook to bearish,
Morrison (Wm) Supermarkets plc
Updated on 18th December 2023.
Morrisson's was taken over by a US private equity company in 2021, therefore the shares are no longer publicly traded.
National Grid plc
Updated on 18th December 2023.
Outlook is moderately bullish.
Click here for chart of National Grid.
Trading at £10.48 which is above the 150 day simple moving average at £10.11, and the latter has recently turned downwards. The stock has traded mostly within a gradual upward trend channel since 2010, indicating a moderately bullish outlook. A fall below £9, taking the stock below this trend channel, would change the outlook from bullish to bearish.
Next plc
Updated on 18th December 2023.
Outlook is moderately bullish.
Click here for chart of Next.
Trading at £80.90 which is above the 150 day simple moving average at £70.89 and the latter has recently turned upwards, indicating a positive outlook. However, the stock has traded within a very wide range from £40 to £80, with dramatic moves up and down in the share price. This erratic pattern indicates that a moderately bullish outlook is a more appropriate forecast for the stock. Also, the stock has encountered major resistance above the £80 level, and is likely to do so again, indicating a moderately bullish outlook. A fall below £60, with that level acting as resistance, would be required to provide evidence of a breakdown of the current upward trend.
NMC Health plc
Updated on 18th December 2023.
Shares suspended and administrators appointed in April 2020.
Ocado plc
Updated on 18th December 2023.
Outlook is moderately bullish.
Click here for chart of Ocado.
Trading at £7.28 which is above the 150 day simple moving average at £6.24, and the latter has recently turned upwards. That would normally indicate a bullish outlook, but this must be tempered by the danger that the recent rally is merely 'short covering'. This means that speculative investors, such as hedge funds, may have 'shorted' the stock i.e. borrowed shares and sold them, in anticipation of a decline in share price. Such short positions must eventually be 'covered' by these investors forcing them to buy back the shares, thereby causing a minor rally in the stock. A fall below the £5 level would change the outlook to bearish.
Pearson plc
Updated on 18th December 2023.
Outlook is moderately bullish.
Click here for chart of Pearson.
Trading at £9.40 which is above the 150 day simple moving average at £8.75, and the latter has recently turned upwards. The stock is encountering resistance as it approaches the £10 level, thereby indicating a moderately bullish outlook. A fall below £7.50 would be required to change the outlook from bullish to bearish.
Persimmon plc
Updated on 18th December 2023.
Outlook is bearish.
Click here for chart of Persimmon.
Trading at £13.49 which is above the downward trending 150 day simple moving average at £11.27, thereby indicating a bearish outlook. The huge number of 'stale bulls' in the stock is likely to impede any significant upward movement, pointing to a bearish outlook. A rally up to the £20 level, and a period of at least three months trading around that level (to demonstrate that this is not a 'dead cat bounce'), would be required to provide evidence of a breakout of the current downward trend.
Phoenix Group Holdings plc
Updated on 18th December 2023.
Outlook is bearish.
Click here for chart of Phoenix Group Holdings.
Trading at £5.20 which is slightly above the downward trending 150 day simple moving average, indicating a bearish outlook. A rally up to £6.50 would be required to provide evidence of a breakout from the current downward trend.
Polymetal International plc
Updated on 18th December 2023.
Trading in the stock was suspended on the London Stock Exchange in August 2023, as part of a 're-domiciliation' process by the company due to the sanctions imposed on Russia as a result of the war in Ukraine.
Prudential plc
Updated on 18th December 2023.
Outlook is moderately bearish.
Click here for chart of Prudential.
Trading at £8.64 which is below the 150 day simple moving average at £9.64, and the latter has recently turned downwards. Also, the stock has traded within a slight downward trend channel since 2019, thereby indicating a moderately bearish outlook. A rally up to the £15 level, which would take the stock above this trend channel, would be required to provide evidence of a breakout from the current downward trend.
Shell plc (formerly Royal Dutch Shell 'B')
Updated on 18th December 2023.
Outlook is bullish.
Click here for chart of Shell.
Trading at £25.37 which is close to the upward trending 150 day simple moving average, indicating a bullish outlook. The upside is currently being impeded by the resistance level evident when the stock trades above £25. However, the longer the stock retains that level, then the more likely it is that such resistance will fade away (as selling by the weak holders will be absorbed). A fall below £20 would be required to provide evidence of a breakdown from the current upward trend.
Reckitt Benckiser plc
Updated on 18th December 2023.
Outlook is bearish.
Click here for chart of Reckitt Benckiser.
Trading at £54.20 which is below the very volatile 150 day simple moving average at £57.60. The rallies in the stock since the peak at £80 in 2017, have got progressively weaker, thereby confirming a downward trend and a bearish outlook. The stock has fallen below a support level at £57, and is now testing a more minor support level at £54. A rally higher than £66, and a period of trading around that level, would be required to provide evidence of a breakout from the current downward trend.
Relx plc
Updated on 18th December 2023.
Outlook is very bullish.
Click here for chart of Relx.
Trading at £30.60 which is above the upward trending 150 day simple moving average at £27.31, thereby indicating a bullish outlook. The breakthrough of the resistance level around £24, followed by support at that level, and the rally to new highs, all point to a very bullish outlook. A fall below £24 would be required to provide evidence of a breakdown of the current upward trend.
Rentokil Initial plc
Updated on 18th December
Outlook is bearish.
Click here for chart of Rentokil Initial.
Trading at £4.28 which is below the 150 day simple moving average at £5.61, and the latter has recently turned downwards. Also, the stock has fallen below the longer term upward trend line, indicating a bearish outlook. A rally to £5.50, bringing the stock back up above the old upward trend line, would be required to provide evidence of a change in trend from bearish to bullish.
Rightmove plc
Updated on 18th December 2023.
Outlook is bearish.
Click here for chart of Rightmove.
Trading at £5.57 which is close to the downward trending 150 day simple moving average, indicating a bearish outlook. A rally taking the stock above £6.15 would be required to provide evidence of a breakout from the current downward trend.
Rio Tinto plc
Updated on 18th December 2023.
Outlook is bullish.
Click here for chart of Rio Tinto.
Trading at £57.65 which is above the volatile 150 day simple moving average at £51.30. The £50 which previously acted as a resistance level, is now acting as a support level, thereby indicating a bullish outlook. A fall below £50, with that level then acting as a resistance level, would provide evidence of a breakdown of the current upward trend.
Rolls Royce Holdings plc
Updated on 18th December 2023.
Outlook is bullish.
Click here for chart of Rolls Royce Holdings.
Trading at £2.92 which is above the upward trending 150 day simple moving average at £2.03. The stock has continued to trade in a downward trend channel. However, the strength of the recent rally is such that it looks like the stock will break out of the trend channel, thereby indicating a bullish outlook.
NatWest Group plc (formerly Royal Bank of Scotland plc)
Updated on 18th December 2023.
Outlook is moderately bearish.
Click here for chart of NatWest Group.
Trading at £2.19 which is below the 150 day simple moving average at £2.27, and the latter has recently downwards, indicating a moderately bearish outlook. The possibility of a gradual upward trend channel being formed, mitigates the bearish outlook.
RSA Insurance plc
Updated on 18th December 2023.
In November 2020, an agreed takeover bid was made for RSA Insurance by two other insurance companies, one Canadian and the other Danish, acting jointly, who will split up the company between them.
Sage Group plc
Updated on 18th December 2023.
Outlook is very bullish.
Click here for chart of Sage Group.
Trading at £11.74 which is above the upward trending 150 day simple moving average at £9.85, indicating a bullish outlook. The breakthrough of a long standing resistance level at £8 earlier this year points to a very bullish outlook. A fall below £9 would be required to provide evidence of a breakdown of the current upward trend.
Sainsbury (J) plc
Updated on 18th December 2023.
Outlook is moderately bullish.
Click here for chart for Sainsbury (J) plc.
Trading at £2.94 which is above the 150 day simple moving average at £2.70 and the latter has recently turned upwards. However, the 150 day has changed direction too many times to be useful in making forecasts for this stock. The stock has traded within a downward trend channel since 2015, but may be breaking out of this channel thereby indicating a moderately bullish outlook.
Schroders plc
Updated on 18th December 2023.
Outlook is moderately bearish.
Click here for chart of Schroders.
Trading at £4.35 which is below the downward trending 150 day simple moving average at £4.19. The stock has traded within a range of £4 to £6 since 2016, and is now trading near the lower end. Also, there is a succession of lower lows for the previous tests of the lower end of the range. This points to moderately bearish outlook.
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Scottish Mortgage Investment Trust plc
Updated on 18th December 2023.
Outlook is moderately bullish.
Click here for chart of Scottish Mortgage Investment Trust.
Trading at £7.84 which is above the 150 day simple moving average at £6.85 and the latter has turned slightly upwards. Also, the stock has found support at the long term upward trend line, thereby confirming a bullish outlook. A fall below £6.30 would be required to provide evidence of a breakdown of the current upward trend.
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Segro plc
Updated on 18th December 2023.
Outlook is moderately bullish.
Click here for chart of Segro.
Trading at £8.71 which is above the 150 day simple moving average at £7.59, and the latter has recently turned upwards, indicating a moderately bullish outlook, as 'stale bulls' are likely to impede upward progress. A fall below the support level at £7 would be required to provide evidence of a breakdown of the current upward trend.
Severn Trent plc
Updated on 18th December 2023.
Outlook is moderately bearish.
Click here for chart of Severn Trent.
Trading at £26 which is close to the 150 day simple moving average, and the latter has recently turned downwards. There is a succession of lower highs on the chart since the all time high reached in early 2022, indicating a moderately bearish outlook. A rally to the £27.50 level would be required to provide evidence of a breakout from the current downward trend.
Smith & Nephew plc
Updated on 18th December 2023.
Outlook is bearish.
Click here for chart of Smith & Nephew.
Trading at £10.46 which is close to the downward trending but volatile 150 day simple moving average. The stock has continued to trade within a downward trend channel, thereby indicating a bearish outlook. A rally to the £12.50 level would be required to break out of this downward trend channel on the upside.
Smith (DS) plc
Updated on 18th December 2023.
Outlook is bearish.
Click here for chart of Smith (DS) plc.
Trading at £3.06 which is near the 150 day simple moving average, and the latter has recently turned downwards. The 150 day has changed direction too often to be a useful indicator for this stock. The stock has traded within a downward trend channel since 2019, thereby indicating a bearish outlook. A rally up to £4.50, which would take the stock above the trend channel, would be required to provide evidence of a breakout from the current downward trend.
Spirax Sarco Engineering plc
Updated on 18th December 2023.
Outlook is bearish.
Click here for chart of Spirax Sarco Engineering.
Trading at £101.10 which is near the downward trending 150 day simple moving average, indicating a bearish outlook. A rally above £125 would be required to provide evidence of a breakout from the current downward trend.
SSE plc
Updated on 18th December 2023.
Outlook is bullish.
Click here for chart of SSE.
Trading at £18.47 which is above the volatile 150 day simple moving average. The recent breakthrough the resistance level at £17, which is now acting as a support level, confirms a bullish outlook. The stock is now encountering resistance at £18.75. A fall below the £17 level would provide evidence of a breakdown of the current upward trend.
St James’s Place plc
Updated on 18th December 2023.
Outlook is bearish.
Click here for chart of St James’s Place.
Trading at £6.77 which is below the downward trending 150 day simple moving average at £8.71, indicating a bearish outlook. A rally above the £10 level, and evidence that same level is providing support, would be required to change the outlook from bearish to bullish.
Standard Chartered plc
Updated on 18th December 2023.
Outlook is moderately bullish.
Click here for chart of Standard Chartered.
Trading at £6.45 which is below the upward trending 150 day moving average at £6.90. However, a major resistance level at £7.50 lies ahead, thereby indicating a moderately bullish outlook. A fall below £5.20 would provide evidence of a breakdown of the current upward trend.
ABRDN plc (formerly known as Standard Life Aberdeen plc)
Updated on 18th December 2023.
Outlook is bearish.
Click here for chart of ABRDN.
Trading at £1.84 which is below the volatile 150 day simple moving average. However, the 150 day has changed direction too often to be a useful indicator for this stock. The longer term trend evident since late 2016 remains downwards, and the stock has continued to trade below a downward trend line . A rally higher than £3.50 would be required to provide evidence of a breakout from the current downward trend.
Taylor Wimpey plc
Updated on 18th December 2023.
Outlook is moderately bearish.
Click here for chart of Taylor Wimpey.
Trading at £1.43 which is above the volatile 150 day simple moving average at £1.16. The stock has trended slightly downwards since 2016, thereby indicating a bearish outlook. A rally up to £2 would be required to provide evidence of a breakout from the current downward trend.
Tesco plc
Updated on 18th December 2023.
Outlook is bearish.
Click here for chart of Tesco.
Trading at £2.83 which is above the volatile 150 day simple moving average at £2.66. The stock has traded within a downward trend channel since 2019, indicating a bearish outlook. A rally to £3 would be required to provide evidence of a breakout from the current downward trend.
TUI plc
Updated on 18th December 2023.
Outlook is bearish.
Click here for chart of TUI.
Trading at £6.07 which is close to the 150 day simple moving average, and the latter remains in a downward trend, thereby indicating a bearish outlook. A rally to £15 would be required to provide evidence of a breakout from the current downward trend.
Unilever plc
Updated on 18th December 2023.
Outlook is bearish.
Click here for chart of Unilever.
Trading at £37.64, the stock has been locked in a downward trend channel since 2019, thereby indicating a bearish outlook. A rally to £45 would be required to provide evidence of a breakout from the current downward trend.
United Utilities plc
Updated on 18th December 2023.
Outlook is bullish.
Click here for chart of United Utilities.
Trading at £10.78 which is above the volatile 150 day simple moving average at £10.06. The twenty year chart for the stock is showing a pattern of higher highs and higher lows, thereby indicating a bullish outlook. A fall to the £8 level would provide evidence of a breakdown of the current upward trend.
Vodafone Group plc
Updated on 18th December 2023.
Outlook is very bearish.
Click here for chart of Vodafone.
Trading at 67.23p which is below the downward trending 150 day simple moving average at 76p. A rally higher than £1.40 would be required to provide evidence of a breakout from the current downward trend.
Whitbread plc
Updated on 18th December 2023.
Outlook is bearish.
Click here for chart of Whitbread.
Trading at £35.35 which is near the volatile 150 day simple moving average. The 150 day has changed direction too often to be a useful indicator for this stock. It has remained locked in a downward trend channel since 2018 thereby confirming a bearish outlook. A rally higher than £40, which would take the stock out of the trend channel, would be required to provide evidence of a breakout of the current downward trend.
WPP plc
Updated on 18th December 2023.
Outlook is bearish
Click here for chart of WPP.
Trading at £7.43 which is near the volatile 150 day simple moving average. The longer term chart shows a succession of lower highs, and lower lows, indicating a bearish outlook. A rally to the £12.50 level would be required to provide evidence of a breakout from the current downward trend.