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0R15 None None% 0R1E 7997.0107 0.6673% 0M69 19112.8301 51.8096% 0R2V 232.5 0.8677% 0QYR 1279.9777 -2.0832% 0QYP 417.5 0.4813% 0RUK 2639.0 -9.6851% 0RYA 1428.0 0.0% 0RIH 165.15 0.0% 0RIH 164.22 -0.5631% 0R1O 187.25 9967.2043% 0R1O None None% 0QFP 11104.6602 120.3306% 0M2Z 267.35 0.6589% 0VSO 32.08 -9.9003% 0R1I None None% 0QZI 576.0 0.0% 0QZ0 220.0 0.0% 0NZF None None% 0YXG 184.1 4.0672%

UK Technical Analysis Report

FTSE All-Share Traded Higher, One LSE Listed Stock to Gain Upside Momentum – TRST

Jul 02, 2024

TRST:LSE
Investment Type
Small-Cap
Risk Level
Action
Rec. Price (GBX)

Company Overview: Trustpilot Group PLC (LON: TRST) engages in the development and hosting of an online review platform for businesses and consumers in the United Kingdom, North America, Europe, and internationally. 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 (.FTAS) experienced a mixed performance, initially starting on a low note at 4490.92 but later reaching a peak of 4527.90 before settling at 4451.48, resulting in a modest dip of -0.86%. Despite this minor setback, the index showcased commendable resilience, supported by robust corporate earnings and positive global market sentiment. Investor confidence remained steady, further bolstered by encouraging signs in the upcoming US job market release. Overall, while fluctuations were observed throughout the week, the underlying tone leaned towards stability and optimism.

Last week, despite initial weakness driven by global events, the FTSE All-Share Index maintained its bullish trend. It currently sustains above a critical support level and remains positioned above a horizontal trend line, suggesting potential for further upward momentum. The 14-period Relative Strength Index (RSI) is trending upwards at 57.85, affirming bullish sentiment. Additionally, trading above both the 21-period and 50-period Simple Moving Averages (SMAs) indicates robust support zones. These technical indicators collectively paint an optimistic picture, implying that the index could continue its upward trajectory if current support levels hold amidst favourable market conditions.

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