Softcat (SCT)

Sell: 1,915.00p

Buy: 1,611.00p

Change: 165.00p | 10.77%

Last updated 16:33 24/10/24. 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 Bearish
Medium term:

Strong Bullish
Long term:

Strong Bullish

Short term comment

From a technical perspective, the situation is neutral-bearish quoting in a range of low movement with near roof in 1562.5 and base in the 1516.25 area. Overcoming any of the two levels that delimit this range would warn of the meaning of the subsequent trend.

Long term comment

Between february 12 and july 28 there was a bullish phase that moved the prices from 1118.442 to 1855.000. This phase was corrected by a relevant bearish reaction that returned the quotation until 1431.000 on the 23th of september levels. Following this, the current rise from 1431.000 to 1569.000 has not reached the previous highs at 1855.000, 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
1488.3330	1509.3330	1520.6670	1541.6670	1551.3330	1572.3330

Alerts

Alerts
Priority	Date	Warning
Medium priority	24/10/2024	A price above the moving average indicates an upward trend. Consequently, if the price is dragged below, it would change to bearish.
Medium priority	24/10/2024	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	24/10/2024	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	24/10/2024	The price is close to supports. It is recommended to monitor if bulls are back in control when they are reached.
High priority	24/10/2024	The price is close to a resistance level so it is recommended to monitor behavior when reaching it.
Medium priority	23/10/2024	A price above the moving average indicates an upward trend. Consequently, if the price is dragged below, it would change to bearish.
Medium priority	23/10/2024	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	23/10/2024	A price above the moving average indicates an upward trend. Consequently, if the price is dragged below, it would change to bearish.
High priority	23/10/2024	The price is close to supports. It is recommended to monitor if bulls are back in control when they are reached.
High priority	23/10/2024	The price is close to a resistance level so it is recommended to monitor behavior when reaching it.
Medium priority	22/10/2024	A price above the moving average indicates an upward trend. Consequently, if the price is dragged below, it would change to bearish.

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