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GB 100 Index Technical Analysis - GB 100 Index Trading: 2023-01-11
GB 100 Index Technical Analysis Summary
Above 7737
Buy Stop
Below 7263
Stop Loss
| Indicator | Signal |
| RSI | Neutral |
| MACD | Buy |
| MA(200) | Neutral |
| Fractals | Buy |
| Parabolic SAR | Buy |
| Bollinger Bands | Neutral |
GB 100 Index Chart Analysis
GB 100 Index Technical Analysis
On the daily timeframe, GB100: D1 went up from the multi-month neutral price channel. A number of technical analysis indicators formed signals for further growth. We do not rule out a bullish movement if GB100: D1 rises above its latest high (since August 2018): 7737. This level can be used as an entry point. The initial risk limit is possible below the Parabolic signal, the last 2 lower fractals, the 200-day moving average line and the lower Bollinger line: 7263. After opening a pending order, we move the stop following the Bollinger and Parabolic signals to the next fractal low. Thus, we change the potential profit/loss ratio in our favor. The most cautious traders, after making a trade, can switch to a four-hour chart and set a stop loss, moving it in the direction of movement. If the price overcomes the stop level (7263) without activating the order (7737), it is recommended to delete the order: there are internal changes in the market that were not taken into account.
Fundamental Analysis of Indices - GB 100 Index
There will be a lot of economic data in Britain this week. Will GB100 quotes continue to grow?
On January 10, 2023, United Kingdom BRC Retail Sales for December was released. Their growth amounted to +6.5% y/y and was the highest since January 2022. This contributed to the increase in British stock prices. On January 13, United Kingdom Gross Domestic Product, Manufacturing Production, as well as Trade Balance, Construction Output and some other economic indicators will be published. They may affect the dynamics of British stock indices.
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