Balfour Beatty (BBY)

Sell: 409.00p

Buy: 420.00p

Change: -1.20p | -0.29%

Last updated 15:38 19/07/24. Prices delayed by at least 15 minutes. Change is calculated based on previous close price.

Technical analysis

The information in this section is provided by Noesis Tech Analysis not Barclays.

This share factsheet isn’t an investment recommendation. We don’t offer personal advice so if you’re unsure, please seek independent advice. Remember, the value of investments can fall as well as rise and you may get back less than you invest.

Trend

The trend arrows show short, mid and long term signal.

  • Short term:

    Strong Bullish

  • Medium term:

    Bullish

  • Long term:

    Strong Bullish

Short term comment

The movement is cutting bullish but very close to the support and critical area that today generates the upward guideline in 363.508 levels. The 363.508 - 362.578 range represents an area of ??greater neutrality, so the loss of 363.508 would prevent a bullish rating.

Long term comment

After the previous rise, with a 44% revaluation, there was an important downward correction phase of -26%, initiated in september 2023 at 385.900, and ended at the low of 285.512 (16-january-2024). The current gains have exceeded the previous peaks at 385.900, currently reaching 423.600 (18-july-2024) with no sign of weakness.

Technical outlook

Bullish in the long term, although it must still break above the resistance at 21.07 to slightly improve in the short term.

Technical Comment: Outperform

Oscillators

Moving average

View technical details

Pivot points

Pivot points
Support 3 Support 2 Support 1 Resistance 1 Resistance 2 Resistance 3
374.1330 393.7330 403.0670 422.6670 432.9330 452.5330

Alerts

Alerts
Priority Date Warning
Medium priority 22/07/2024 The RSI7 indicates an overbought price. Thus, bearish pressure can increase in the short term.
Medium priority 22/07/2024 A price above the moving average indicates an upward trend. Consequently, if the price is dragged below, it would change to bearish.
Medium priority 22/07/2024 The RSI7 indicates an overbought price. Thus, bearish pressure can increase in the short term.
Medium priority 22/07/2024 Since the price is close to the moving average, it could strengthen to the upside, aothough quotes below it would signal a bearish reversal.
Medium priority 22/07/2024 Fast Stochastic bearish signal. The weakness in the previous close indicates the possibility of suffering from downside momentum after a more positive recent phase.
Medium priority 19/07/2024 Strong overbought according to the RSI7 indicator, precaution against the possibility of short-term cuts.
Medium priority 19/07/2024 A price above the moving average indicates an upward trend. Consequently, if the price is dragged below, it would change to bearish.
Medium priority 19/07/2024 The RSI7 indicates an overbought price. Thus, bearish pressure can increase in the short term.
Medium priority 19/07/2024 Fast Stochastic bearish signal. The weakness in the previous close indicates the possibility of some fresh selling after a more positive recent phase.
High priority 19/07/2024 The price is close to a resistance level so it is recommended to monitor behavior when reaching it.
Medium priority 18/07/2024 The RSI7 indicates an overbought price. Thus, bearish pressure can increase in the short term.

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