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Content
Signals
All indicators - Medium term
Rolls-Royce Holdings PSep 19, 2024
Rio Tinto plcSep 19, 2024
Diageo PLCSep 19, 2024
Ashtead Group PLCSep 19, 2024
CRHSep 19, 2024

The market moved up Thursday, and UK 100 (CBOE) ended at 834 points, which is an increase of 0.9 percent.

1218 shares showed a gain and 531 showed a loss. 138 shares were unchanged and closed at the same price as the previous day. There was no trading in 190 shares.

Total value of the trading volume for shares and primary capital certificates Thursday was approximately 762.9 billion.

Diageo PLC developed positively, and gained 2.4 percent to a close of 2544 pence. The stock has not closed at a higher price since Jul 29. The stock triggered a buy signal by the break up through the resistance at 2530 pence in double bottom formation. A further increase to 2677 pence within two months is indicated.
Rio Tinto plc closed up 3.0 percent to 4902 pence. The stock has not closed at a higher price since Aug 13. The stock has thereby closed up six out of the past seven days. The stock triggered a buy signal by the break up through the resistance at 4787 pence in rectangle formation. A further increase to 5130 pence within two months is indicated.
International Consolidated Airlines Grou moved up and ended at 208 pence, which is an increase of 1.0 percent. The stock has not closed higher since Jun 2021. The stock has thereby closed up 12 out of the past 13 days. It also looks good technically. The stock is trend wise positive in the medium term, has support at 186 pence and a further increase is indicated.
SSE Plc fell sharply to close at 1934 pence, down 3.2 percent. The stock has never lost more in one day since Mar 12, when it was down 3.6 percent. It does, however, look good technically. The stock is trend wise positive in the medium term and a further increase is indicated.
CRH developed positively, and gained 2.7 percent to a close of 6964 pence. The stock thereby broke the previous record from Mar 26 and set a new all time high. The stock has now risen for the tenth day in a row and this past week the stock has gained as much as 5.7 percent. Technically it also looks good. The stock is trend wise positive in the medium term, has broken up through resistance at 6850 pence and a further increase is indicated.

New record on US 500!
The market moved up Thursday, and S&P 500 ended at 5714 points, which is an increase of 1.7 percent. The index thereby broke the previous record from Jul 16 and set a new all time high. The index has thereby closed up eight out of the past nine days.

Indices
UK 100 (CBOE)
arrow green   Positive Candidate
UK 100 (CBOE) is in a rising trend channel in the medium long term. This signals increasing optimism among investors and indicates continued rise. The price has risen strongly since the positive signal from the rectangle formation at the break through resistance at 774. The objective at 821 is now met, but the formation still gives a signal in the same direction. The index has support at points 800 and resistance at points 844. RSI diverges negatively against the price, which indicates danger of a reaction downwards. The RSI curve shows a falling trend, which is an early signal of a possible trend reversal downwards for the price as well. The index is overall assessed as technically positive 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. Rising trends indicate that the market experiences positive development and that buy interest among investors is increasing. The index has marginally broken up through resistance at points 5660. An established break predicts a further rise. 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
Rolls-Royce Holdings PLC (RR) Price 523.20, Sep 19, 2024
chart
Rolls-Royce Holdings PLC has broken through the floor of a rising trend channel in the medium long term. This indicates a slower rising rate at first, or the start of a more horizontal development. The stock has broken a resistance level in the short term and given a positive signal for the short-term trading range. There is no resistance in the price chart and further rise is indicated. In case of a negative reaction, the stock has support at approximately 475 pence. The stock is overall assessed as technically positive for the medium long term.
Recommendation: Positive
Latest days indices
AEX1.77%908.42
CAC402.29%7615.41
COMPX2.51%18014.00
DAX1.55%19002
HEX1.19%10065.00
N1001.88%1492.06
OMXC25GI0.36%2348.06
OMXSPI1.83%1003.38
OSEBX0.76%1411.02
PSI20-0.51%6720.43
TECDAX0.98%3339.79
BUK100P0.94%833.99
EURUSD0.28%1.1200
CL (OIL)0.35%71.16
Indices Evaluations
 SML
AEXpospospos
CAC40negnegpos
COMPXpospospos
DAXpospospos
HEXposneutralneg
N100negneutralneutral
OMXC25GIpospospos
OMXSPIposposneutral
OSEBXnegpospos
PSI20pospospos
TECDAXneutralpospos
BUK100Pneutralpospos
EURUSDneutralposneg
CL (OIL)negnegneutral

S: Short term.    M: Medium term.    L: Long term.
Stock Exchange barometer
FTSE 100 - Medium term
 
      
50% 21% 29%
 48 Buy Candidates
 20 Neutral
 28 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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