Jersey Electricity 'A' Shares (JEL)

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 comment

Remains a mid-long term neutral-bullish trend, although in the short term the bias is only neutral since it set highs at 4.78. The recent lows set at 4.5 provide some support, though additional wider falls can't be yet ruled out; these would have a goal at 4.38. Rebounds from these levels would only bias upwards the short term if it should break above the resistance at 4.68.

Long term comment

From some months ago, long-term scenario remains bullish. However, it must be considered that, since the last highs, it's showing certain exhaustion in this trend, which should stand for extreme caution in spite of a downwards turn.

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

Neutral

• 1

  Sell

• 2

  Neutral

• 2

  Buy

Moving average

Neutral

• 0

  Sell

• 12

  Neutral

• 2

  Buy

Pivot points

Alerts