0R15 7793.0 0.1028% 0R1E 7575.0 -1.8782% 0M69 None None% 0R2V 184.5 6.0345% 0QYR 1387.5 0.7991% 0QYP 405.5 -0.7344% 0LCV 141.03 0.952% 0RUK None None% 0RYA 1733.01 -1.0839% 0RIH 165.3 0.3643% 0RIH 165.3 0.3643% 0R1O 186.6 9945.7604% 0R1O None None% 0QFP None None% 0M2Z 299.0593 0.5664% 0VSO None None% 0R1I None None% 0QZI 450.5 2.7366% 0QZ0 220.0 0.0% 0NZF None None%

small-cap

Technical Analysis on One LSE-Listed Financial Stock – DUKE

Apr 26, 2024 | Team Kalkine
Technical Analysis on One LSE-Listed Financial Stock – DUKE

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

Company Overview: Duke Capital Limited (LSE: DUKE) is a FTSE All-Share listed and formerly known as Duke Royalty Limited company, providing hybrid capital solutions for small and medium-sized enterprises (SME) business owners in the United Kingdom, Europe and North America, combining the features of both equity and debt. Its hybrid capital solution caters to the needs of the underserved SME businesses without burdening the owners with a loss of control or refinancing risk. The Company is focused on generating attractive risk-adjusted returns for shareholders and has a track record of achieving this across market cycles. Its three investment pillars are capital preservation, attractive dividend yield, and to provide upside upon exit. This Report covers the Price Action, Technical Indicators Analysis along with the Support Levels, Resistance Levels, and Recommendations on this stock.

DUKE’s Technical Observation

DUKE’s prices have been trading in a range-bound zone for an extended period and are currently nearing a lower trendline support level. There is an anticipation of a reversal in the Closing Market Price (CMP) of GBX 31.30, supported by a robust volume buildup and stochastic data indicating an oversold market condition. The leading indicator RSI (14-period) is at 46.62, suggesting a potential reversal in the price trend. However, it's worth noting that the stock price is presently trading below both the trending indicators, the 21-period SMA and the 50-period SMA, which could potentially act as resistance levels in the near term. The important support levels for the stock are situated at GBX 27.50 and GBX 26.00, while key resistance is positioned at GBX 34.70 and GBX 37.00 levels.

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