FTSE All-Share Traded Higher: Two LSE Listed Stocks Gaining Upside Momentum –GFRD & IGP

Company Overview: Galliford Try Holdings PLC (LON: GFRD) is a United Kingdom-based construction company. It carries out building and infrastructure projects with clients in the public, private, and regulated sectors. Its segments include Building, Infrastructure, and Investments. Intercede Group PLC (LON: IGP) is a United Kingdom-based cybersecurity software company specializing in digital identities, and its solutions enable organizations to protect themselves against the cause of data breach: compromised user credentials. This Report covers the Price Action and Technical Indicators Analysis along with the Target Levels, Stop Loss, Support Levels, Resistance Levels, and Recommendations on these two stocks.

FTSE All-Share Index (.FTAS) Market Round-Up

Last week the FTSE All-Share Index (.FTAS) settled on a positive note, following the bullish move from the US equity markets. Notably, FTAS settled at 4548.44 with a gain of ~1.70% for the week ending April 25, 2025. The recent move in the domestic indices is majorly led by the negative indications from the global equity markets.     

From a technical perspective, the index continues to exhibit a bullish undertone, holding above a key ascending trendline and a significant horizontal support zone, which signals the potential for further upside. The 14-period RSI at 50.16 has moved out of bearish territory, reflecting steady bullish sentiment. However, the price remains below the 21-period Simple Moving Average, indicating nearby resistance that may limit immediate gains. While the overall structure supports a positive outlook, a decisive breakout above the 50-period SMA is likely needed to confirm sustained upward momentum and unlock the next leg of the rally.

Global Markets Wrap-Up

Wall Street ended the week on a strong note, with major indices extending their recent rally. The S&P 500 climbed 4.59% to close at 5,525.21, while the NASDAQ Composite delivered an even more impressive gain of 6.73%, ending the week at 17,382.94 for the period ending April 25, 2025. 

Having understood the US market performance over the past week, taking cues from major global news, and based on technical analysis of the FTSE All-Share Index (.FTAS) for the upcoming week, now have a look at the two LSE-listed.

stocks pick from the technical analysis standpoint. Noted below are the recommendations based on entry price, target prices, and stop-loss GALLIFORD TRY HOLDINGS PLC (LON: GFRD) and Intercede Group PLC (LON: IGP) for the next 2-4 weeks duration:

GALLIFORD TRY HOLDINGS PLC (LON: GFRD) Noted: below are the key price indicators for the recommended stock:

Price Action Analysis (on the Daily Chart)

GFRD continues to exhibit strong bullish momentum on the daily chart, trading firmly above a key horizontal support level and supported by a positive candlestick formation. This technical setup signals the potential for continued upward movement. The stock remains well above major support zones, reinforcing the bullish trend. With resistance approaching GBX 424.50, a test of this level is anticipated within the next 2–4 weeks. A breakout above this barrier, particularly on increased volume, could pave the way for a move toward the next resistance at GBX 453.10, strengthening the positive outlook with increased conviction.

Technical Indicators Analysis (On the Daily Chart)

The RSI moving in the positive zone with a reading of 60.02 suggests that the stock has some bullish momentum, supported by volumes indicating increased trading activity. The CMP is trading above the trend-following indicators 21-period (SMA) and 50-period (SMA) may act as a small support level.

General Recommendation:

As per the above-mentioned price action and technical indicators analysis, GALLIFORD TRY HOLDINGS PLC (LON: GFRD) is looking technically well-placed on the chart, and a ‘Speculative Buy’ recommendation has been given on the stock. Investment decisions should be made depending on an individual’s appetite for upside potential, risks, and any previous holdings. This recommendation is purely based on technical analysis, and fundamental analysis has not been considered in this report. The summary of recommendation is as follow:

Intercede Group PLC (LON: IGP)

Price Action Analysis (on the Daily Chart)

On the daily chart, IGP displays strong bullish momentum, consistently trading above a well-established horizontal support level, which confirms buyer dominance. A bullish candlestick pattern has emerged, supported by steadily increasing volume, reinforcing the strength of the ongoing uptrend. The stock is approaching a critical resistance zone at GBX 180.60, projected to be tested within 2–4 weeks. A confirmed breakout above this level, especially if accompanied by a continued rise in volume, would likely trigger a sharp move toward the next resistance at GBX 195.00. This setup presents a high-probability bullish scenario with strong technical alignment.

Technical Indicators Analysis (On the Daily Chart)

The RSI moving in the positive zone with a reading of 65.03 suggests that the stock has some bullish momentum, supported by volumes indicating increased trading activity. The CMP is trading above the trend-following indicators 21-period and 50-periods SMAs and may act as a small support level.

General Recommendation:

As per the above-mentioned price action and technical indicators analysis, Intercede Group PLC (LON: IGP) looking technically well-placed on the chart, and a ‘Speculative Buy’ recommendation has been given on the stock. Investment decisions should be made depending on an individual’s appetite for upside potential, risks, and any previous holdings. This recommendation is purely based on technical analysis, and fundamental analysis has not been considered in this report. The summary of recommendation is as follow:

Markets are trading in a highly volatile zone currently due to certain macro-economic and geopolitical tensions prevailing. Therefore, it is prudent to follow a cautious approach while investing.

Upcoming Major Global Economic Events

Market events occur on a day-to-day basis depending on the frequency of the data and generally include an update on employment, inflation, GDP, consumer sentiments, etc. Noted below are the upcoming week's major global economic events that could impact the FTSE All-Share Index and listed stocks’ prices.

Related Risks: This report may be looked at from a high-risk perspective and recommendations are provided for a short duration. Recommendations provided in this report are solely based on technical parameters, and the fundamental performance of the stocks has not been considered in the decision-making process. Other factors which could impact stock prices include market risks, regulatory risks, interest rates risks, currency risks, social and political instability risks, etc.

Note 1: Past performance is not a reliable indicator of future performance. 

Note 2: Individuals can consider existing from the stock if the Target Price mentioned as per the technical analysis has been achieved and subject to the factors discussed above. 

Note 3: Kalkine reports are prepared based on the stock prices captured either from the London Stock Exchange (LSE) and or REFINITIV. Typically, both sources (LSE and or REFINITIV) may reflect stock prices with a delay which could be a lag of 15-20 minutes. There can be no assurance that future results or events will be consistent with the information provided in the report. The information is subject to change without any prior notice.

Note 4: How to Read the Charts?

The Green colour line reflects the 21-period moving average while the red line indicates the 50-period moving average. SMA helps to identify existing price trends. If the prices are trading above the 21-period and 50-period moving average, then it shows prices are currently trading in a bullish trend.

The Black colour line in the chart’s lower segment reflects the Relative Strength Index (14-Period) which indicates price momentum and signals momentum in trend. A reading of 70 or above suggests overbought status while a reading of 30 or below suggests an oversold status.

The Blue colour bars in the chart’s lower segment show the volume of the stock. The volume is the number of shares that changed hands during a given day. Stocks with high volumes are more liquid than stocks with lesser volume and liquidity in stocks helps in easier and faster execution of the order.

The Orange colour lines are the trend lines drawn by connecting two or more price points and used for trend identification purposes. The trend line also acts as a line of support and resistance.

Technical Indicators Defined: -

Support: A level at which the stock prices tend to find support if they are falling, and a downtrend may take a pause backed by demand or buying interest. Support 1 refers to the nearby support level for the stock and if the price breaches the level, then Support 2 may act as the crucial support level for the stock. 

Resistance: A level at which the stock prices tend to find resistance when they are rising, and an uptrend may take a pause due to profit booking or selling interest. Resistance 1 refers to the nearby resistance level for the stock and if the price surpasses the level, then Resistance 2 may act as the crucial resistance level for the stock. 

Stop-loss: In general, it is a level to protect further losses in case of unfavorable movement in the stock prices.

Risk Reward Ratio: Risk reward ratio is the difference between an entry point to a stop loss and profit level. This report is based on ~80% Stop Loss of the Target 1 from the entry point.

A trailing stop-loss is a modification of stop-loss in case of favourable movement in the price to protect the gains. Individuals can Trail the Stop-Loss as per the aforementioned levels if the stock price achieves more than 50% of the Target 1. Individuals should consider exiting from the position as per the Trailing Stop-Loss level if the price starts moving downwards after achieving more than 50% of the Target 1.

The reference date for all price data, currency, technical indicators, support, and resistance levels is April 28, 2025. The reference data in this report has been partly sourced from REFINITIV.

Abbreviations

CMP: Current Market Price

SMA: Simple Moving Average

GBP: British pound sterling

GBX: British pence sterling

RSI: Relative Strength Index

Note: Trading decisions require a thorough analysis by individuals. Technical reports in general chart out metrics that may be assessed by individuals before any stock evaluation. The above are illustrative analytical factors used for evaluating stocks; other parameters can be looked at along with additional risks per se. Past performance is neither an indicator nor a guarantee of future performance.