Greggs (GRG)

Sell: 2,772.00p

Buy: 2,776.00p

Change: -44.00p | -1.56%

Last updated 11:14 14/05/24. 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:

Bearish

Short term comment

The technical bias of the price bullish placing the price at 2788.5 levels, especially critical support below which the technical rating would go to a neutral state. Upward, it is advisable to monitor resistive levels of 2887.433 and 2977.153 that would warn of an improvement in technical bias.

Long term comment

Although on the 26th of march marked highs at levels at 2944.000, higher levels than the previous reference highs in august 2023 at 2894.907, the current downtrend has lost positions, retreating by -9.2% and falling again below both levels, with lows, at the moment, in quotas of 2674.000.

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
2707.9930	2752.8530	2777.4270	2822.2870	2842.5730	2887.4330

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	A price above the moving average indicates an upward trend. Consequently, if the price is dragged below, it would change to bearish.
High priority	24/04/2024	Price in support area Its loss would be a negative signal, but note the possibility of noise around the level.
High priority	24/04/2024	The price is close to a resistance level so it is recommended to monitor behavior when reaching it.
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.
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.
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.
High priority	23/04/2024	Price in resistance area. Breaking it would be a positive signal, but consider the possibility of noise (false breaks) around the level.
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.

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