M&G (MNG)

Sell: 194.65p

Buy: 196.25p

Change: 2.10p | 1.08%

Last updated 15:51 14/11/24. 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:

Bearish
Medium term:

Bearish
Long term:

Strong Bearish

Short term comment

The current price phase anticipates a move bearish very pressured by the 201.406 area and increasing the risk of overbought and setbacks I would have to overcome 201.406 to propose the change to a more neutral scenario

Long term comment

Between june 1 and september 2 a bearish phase took place and moved the price from 220.364 to 186.354. This phase was corrected by a significative upward reaction that returned the price to 216.457 levels on the 4th of october. After this, the current fall from 216.457 to 192.428 has not reached the previous lows in 186.354, an area of important support.

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
190.2500	192.7000	194.2500	196.7000	197.6000	200.0500

Alerts

Alerts
Priority	Date	Warning
Medium priority	15/11/2024	A price above the moving average indicates an upward trend. Consequently, if the price is dragged below, it would change to bearish.
Medium priority	15/11/2024	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	15/11/2024	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	15/11/2024	The price is close to supports. It is recommended to monitor if bulls are back in control when they are reached.
High priority	15/11/2024	The price is close to a resistance level so it is recommended to monitor behavior when reaching it.
Medium priority	14/11/2024	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	14/11/2024	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	14/11/2024	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	14/11/2024	The price is close to supports. It is recommended to monitor if bulls are back in control when they are reached.
Medium priority	14/11/2024	Bullish fast stochastic signal. The previous close indicates the possibility of renewed bullish momentum after a recent negative phase.
Medium priority	13/11/2024	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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