Unite Group (UTG)

Sell: 875.50p

Buy: 884.50p

Change: -18.50p | -2.07%

Last updated 16:35 31/10/24. 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:

Bearish
Medium term:

Neutral
Long term:

Strong Bearish

Short term comment

A technical perspective allows setting the environment as bearish very pressured by the 938.818 area and increasing the risk of overbought and setbacks I would have to overcome 938.818 to propose the change to a more neutral scenario

Long term comment

The bullish bounce that on the 24th of september marked highs at 990.152 corrected the previous low chart, of -16.4%, from levels at 1028.769 to 860.336. Thus, after this correction, the price starts a new bearish trajectory and reaches new lows again. Although there is no sign of stability, it must be borne in mind that the minimums of 860.336, assume an oversold support environment.

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
825.1670	851.1670	863.3330	889.3330	903.1670	929.1670

Alerts

Alerts
Priority	Date	Warning
Medium priority	01/11/2024	The RSI7 indicates short term oversold, which may reflect, renewed upward short-term recovering.
Medium priority	01/11/2024	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	01/11/2024	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	01/11/2024	Fast stochastic gives moderate strength signals that may lead to possible short-term rebounds.
Medium priority	31/10/2024	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	31/10/2024	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	31/10/2024	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	31/10/2024	Bullish fast stochastic signal. The previous close indicates the possibility of rebounds after a recent negative phase.
Medium priority	30/10/2024	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	30/10/2024	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	30/10/2024	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.

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