Bank of Georgia Group (BGEO)

Sell: 4,630.00p

Buy: 4,880.00p

Change: -35.00p | -0.75%

Last updated 16:47 04/12/24. 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:

Bullish

Short term comment

The price structure bullish but very close to the support and critical area that today generates the upward guideline in 4038.051 levels. The 4038.051 - 3886.311 range represents an area of ??greater neutrality, so the loss of 4038.051 would prevent a bullish rating.

Long term comment

The bearish correction that at on the 26th of july reached lows at 3420.554 corrected the previous upward trend, of 170.1%, from levels at 1921.990 to 5192.080. 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 5192.080, 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
4013.3330	4388.3330	4526.6670	4901.6670	5138.3330	5513.3330

Alerts

Alerts
Priority	Date	Warning
Medium priority	04/12/2024	Being near (below) the short-term moving average may lead to a decline, although if it breaks above the level the signal would be reversed to bullish.
Medium priority	04/12/2024	Being near (below) the short-term moving average may lead to a decline, although if it breaks above the level the signal would be reversed to bullish.
Medium priority	03/12/2024	Being near (below) the short-term moving average may lead to a decline, although if it breaks above the level the signal would be reversed to bullish.
Medium priority	03/12/2024	Being near (below) the short-term moving average may lead to a decline, although if it breaks above the level the signal would be reversed to bullish.
Medium priority	02/12/2024	Being near (below) the short-term moving average may lead to a decline, although if it breaks above the level the signal would be reversed to bullish.
Medium priority	02/12/2024	Being near (below) the short-term moving average may lead to a decline, although if it breaks above the level the signal would be reversed to bullish.
Medium priority	29/11/2024	A price above the moving average indicates an upward trend. Consequently, if the price is dragged below, it would change to bearish.
Medium priority	29/11/2024	A price above the moving average indicates an upward trend. Consequently, if the price is dragged below, it would change to bearish.
Medium priority	28/11/2024	A price above the moving average indicates an upward trend. Consequently, if the price is dragged below, it would change to bearish.
Medium priority	28/11/2024	A price above the moving average indicates an upward trend. Consequently, if the price is dragged below, it would change to bearish.
High priority	28/11/2024	The price is close to a resistance level so it is recommended to monitor behavior when reaching it.

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