0R15 8520.0 0.0% 0R1E 8203.0 0.0% 0M69 21090.0 67.5139% 0R2V 226.02 9878.8079% 0QYR None None% 0QYP 412.97 -2.8306% 0RUK 2652.0 -9.2402% 0RYA 1554.0 -0.7029% 0RIH 174.55 -1.3563% 0RIH 165.15 -5.3853% 0R1O 198.5 9800.2494% 0R1O None None% 0QFP None None% 0M2Z 267.777 -0.1763% 0VSO 32.05 -9.9846% 0R1I None None% 0QZI 559.0 0.7207% 0QZ0 220.0 0.0% 0NZF None None% 0YXG 165.7358 2.7149%

UK Technical Analysis Report

FTSE All-Share Traded Lower, Two LSE Listed Stocks Gaining Upside Momentum – ITRK AND RS1

Sep 10, 2024

ITRK:LSE
Investment Type
Mid - Cap
Risk Level
Action
Rec. Price (GBX)
RS1:LSE
Investment Type
Mid - Cap
Risk Level
Action
Rec. Price (GBX)

Company Overview: Intertek Group PLC (LON: ITRK) is a United Kingdom-based total quality assurance provider. The Company delivers bespoke assurance, testing, inspection and certification (ATIC) solutions for its customers' operations and supply chains. Its segments include Consumer Products, Corporate Assurance, Health and Safety, Industry and Infrastructure, and World of Energy. RS Group PLC (LON: RS1) is a United Kingdom-based company, which is a global omni-channel provider of product and service solutions for designers, builders and maintainers of industrial equipment and operations. The Company's segments include EMEA, Americas and Asia Pacific. 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) demonstrated a negative trend, beginning at 4576.30 and climbing to a peak of 4578.93 before closing at 4467.47, marking a modest loss of -2.38%.  The recent move in the domestic indices is majorly led by the bearish indications from the global equity markets.

On the technical front, the index is trading above its horizontal support zone and the 50-period Simple Moving Average (SMA), suggesting potential bullish momentum. The Relative Strength Index (RSI) is rising at 55.56, indicating increasing buying pressure. Additionally, with the market price above both the 21-period and 50-period SMAs, these levels appear to provide strong support.

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