Balfour Beatty (BBY)

Sell: 371.20p

Buy: 374.60p

Change: 1.40p | 0.38%

Last updated 16:36 03/05/24. 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:

Strong Bearish
Long term:

Strong Bullish

Short term comment

The movement is cutting bullish placing the price at 356.35 levels, especially critical support below which the technical rating would go to a neutral state. Upward, it is advisable to monitor resistive levels of 378.733 and 393.133 that would warn of an improvement in technical bias.

Long term comment

The bearish correction that at in december 2023 reached lows at 291.600 corrected the previous upward trend, of 69.8%, from levels at 232.164 to 394.129. Thus, after this correction, the price begins a new route to the rise and reaches new highs. Although there is no sign of weakness, it should be noted that the highs of 394.129, represent a resistive overbought environment.

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
349.9330	357.1330	360.8670	368.0670	371.5330	378.7330

Alerts

Alerts
Priority	Date	Warning
Medium priority	24/04/2024	A price above the moving average indicates an upward trend. Consequently, if the price is dragged below, it would change to bearish.
Medium priority	24/04/2024	A price above the moving average indicates an upward trend. Consequently, if the price is dragged below, it would change to bearish.
Medium priority	24/04/2024	Being near (below) the short-term moving average may react at least temporarily to the downside, but if it breaks above the level the signal would be reversed to bullish.
High priority	24/04/2024	The price is close to supports. It is recommended to monitor if bulls are back in control when they are reached.
Medium priority	23/04/2024	Being near (below) the short-term moving average may react at least temporarily to the downside, but if it breaks above the level the signal would be reversed to bullish.
Medium priority	23/04/2024	A price above the moving average indicates an upward trend. Consequently, if the price is dragged below, it would change to bearish.
Medium priority	23/04/2024	Being near (below) the short-term moving average may react at least temporarily to the downside, but if it breaks above the level the signal would be reversed to bullish.
High priority	23/04/2024	The price is close to supports. It is recommended to monitor if bulls are back in control when they are reached.
Medium priority	23/04/2024	Fast stochastic gives moderate strength signals that may lead to possible short-term rebounds.
Medium priority	22/04/2024	Being near (below) the short-term moving average may react at least temporarily to the downside, but if it breaks above the level the signal would be reversed to bullish.
Medium priority	22/04/2024	A price above the moving average indicates an upward trend. Consequently, if the price is dragged below, it would change to bearish.

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