FTSE All-Share Index is Trading Above 50-Period SMA, One FTSE -Listed Stock to Consider at the Current Levels– TUN
Mar 31, 2026
TUN:LSE
Investment Type
Small-Cap
Risk Level
Action
Rec. Price (GBX)
Company Overview:Tungsten West PLC (LON: TUN) is a United Kingdom-based mining company focused on restarting production at the Hemerdon tungsten and tin mine (Hemerdon) in South Devon, the United Kingdom. The Hemerdon mine is located seven miles north-east (NE) of Plymouth, near the village of Plympton, in Devon, England. This report covers the Price Action and Technical Indicators Analysis along with the Target Levels, Stop Loss, Support Levels, Resistance Levels, and Recommendations on the stock.
FTSE All-Share Index (.FTAS) Market Round-Up
Last week, The FTSE All-Share Index ended last week at 5,325.21, up 0.24% for the week ended March 27th, 2026. However, the modest gain came despite weakness in U.S. equity markets, with major U.S. indices closing the week in the red and limiting broader risk appetite. Ongoing pressure from global geopolitical concerns and softer overseas sentiment continues to weigh on investor confidence. Even so, the resilience in the UK market helped the index maintain a relatively balanced near-term structure heading into the new week.
From a technical perspective, The FTSE All-Share Index continues to trade above its rising trendline and key horizontal support zone, indicating that the broader structure remains constructive despite recent volatility. The index is also holding above its 21-day and 50-day Simple Moving Averages, which continue to provide support and maintain the underlying upward bias. Momentum remains relatively stable, with the 14-day RSI near 52.39, suggesting improving strength without entering overbought territory. While the medium-term trend remains positive, near-term movement may remain sensitive to upcoming economic data, weakness in U.S. equities and changes in broader global risk sentiment.
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