| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Buy | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Buy | Buy | Sell |
| SAR(0.02;0.2) | Buy | Buy | Buy |
| Aggregate | ⇗ | ⇗ | ⇒ |
The UK100, which measures the best 100 performing stocks from the UK LSE, has surged by 6.44% since last week's trading sessions. The index breached the 6007.5 on May 18.
Technical indicators suggest buying signals on both the smaller and the daily time-frame charts. Therefore, GBR.IDX/GBP pair will most likely continue to edge higher next week.
On the contrary, the weekly resistance level at 6187.3 could provide resistance for the UK index during the following trading sessions.