FIRSTGROUP PLC (FGP.L)       135.95  +1.05 (+0.78%)

135.95  +1.05 (+0.78%)

GB0003452173 - Common Stock

Technical Rating

We assign a technical rating of 10 out of 10 to FGP. Both in the recent history as in the last year, FGP has proven to be a steady performer, scoring decent points in every aspect analyzed.



The long and short term trends are both positive. This is looking good!
Looking at the yearly performance, FGP did better than 96% of all other stocks. On top of that, FGP also shows a nice and consistent pattern of rising prices.
FGP is currently trading in the upper part of its 52 week range. The market is still in the middle of its 52 week range, so FGP slightly outperforms the market at the moment.
In the last month FGP has a been trading in the 124.60 - 137.85 range, which is quite wide. It is currently trading near the high of this range.
Considerably lower volume is observed in the last couple of days.

Statistics

1 Month 3 Months 6 Months 12 Months 6.39% 21.31% 27.99% 49.64% SMA(20) SMA(50) SMA(100) SMA(200) RS 52 Wk Range ST Trend LT Trend 96.74 82.75 - 142.6
FGP Weekly chart
FGP Daily chart

Support/Resistance Analysis


92.66

140.80
4 important support areas can be observed.
  • A support zone ranging from 131.85 to 135.03. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • A support zone ranging from 124.89 to 125.59. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • Support @108.03 from a trend line in the weekly time frame.
  • Support @93.60 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
  • A resistance zone ranging from 137.70 to 139.41. This zone is formed by a combination of multiple trend lines in multiple time frames.

Setup Analysis

Setup Rating

Besides having an excellent technical rating, FGP also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. There is a support zone below the current price at 133.34, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for FGP in the last couple of days, which is a good sign.

  • Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.

Possible Trading Setup

The following trade can be suggested based on the decent technical rating and setup score.


ENTRYEXITDISTANCECAPITAL
135.04131.843.20 (2.37%)25.00%
An entry @135.04. This is a Buy Stop order right above the resistance zone.An exit @131.84. This is a Stop Loss order right below the support zone.The worst case loss on the trade is limited to 3.20 points, which is 2.37%.When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.59%.

  • The distance between exit and entry is rather small compared to the average daily movement of FGP. Please evaluate whether better entry and exit points can be found.
  • The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
  • This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
FGP Daily chart

FIRSTGROUP PLC135.95

LON:FGP (8/10/2022, 2:57:52 PM)+1.05 (+0.78%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS Sector N/A
GICS Industry N/A
Performance
Today 0.78% 1 Week 3.45%
2 Weeks 3.29% 1 Month 6.39%
3 Month 21.31% 6 Month 27.99%
Volatility
ATR(14) 4.42 ATR(20)% 3.56%
ATR Inc -24% Range Today 2.2
Trend & SMA
ST Trend LT Trend
SMA(5) SMA(10)
SMA(20) SMA(50)
SMA(100) SMA(200)
Relative Strength & Ranges
CRS 96.74 Mansfield 2.99
10 Day High 137.85 10 Day Low 128.1
20 Day High 137.85 20 Day Low 124.6
52 Week High 142.6 52 Week Low 82.75
CS1 End 133.34 CR1 Start 135.03
Volume & EV
DER(3) 5.52% DER(5) 2.6%
Volume 249.72K Volume Incr -26.3%
Vol(5) 319.65K Vol(50) 520.27K

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