Sainsbury (J) (SBRY)

Sell: 278.80p

Buy: 279.20p

Change: 0.40p | 0.14%

Last updated 13:32 15/05/24. 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:

Neutral
Long term:

Strong Bullish

Short term comment

A technical perspective allows to establish the evolution of prices as bullish but very close to the support and critical area that today generates the upward guideline in 264.75 levels. The 264.75 - 261.45 range represents an area of ??greater neutrality, so the loss of 264.75 would prevent a bullish rating.

Long term comment

Between december 2023 and february 2024 there was a bullish phase that moved the prices from 240.249 to 311.159. This phase was corrected by a relevant bearish reaction that returned the quotation until 244.700 on the 27th of march levels. Following this, the current rise from 244.700 to 281.800 has not reached the previous highs at 311.159, an area of significant resistance.

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
269.0670	274.0670	276.3330	281.3330	284.0670	289.0670

Alerts

Alerts
Priority	Date	Warning
Medium priority	15/05/2024	The RSI7 indicates an overbought price. Thus, bearish pressure can increase in the short term.
Medium priority	15/05/2024	A price above the moving average indicates an upward trend. Consequently, if the price is dragged below, it would change to bearish.
Medium priority	15/05/2024	Since the price is close to the moving average, it could strengthen to the upside, aothough quotes below it would signal a bearish reversal.
Medium priority	15/05/2024	Fast Stochastic bearish signal. The weakness in the previous close indicates the possibility of suffering from downside momentum after a more positive recent phase.
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	Since the price is close to the moving average, it could strengthen to the upside, aothough quotes below it would signal a bearish reversal.
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	The price is close to supports. It is recommended to monitor if bulls are back in control when they are reached.
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	Since the price is close to the moving average, it could strengthen to the upside, aothough quotes below it would signal a bearish reversal.

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