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.
Statistics
Support/Resistance Analysis
92.66
- 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.
- 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.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 135.04 | 131.84 | 3.20 (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.
FIRSTGROUP PLC135.95
LON:FGP (8/10/2022, 2:57:52 PM)+1.05 (+0.78%)
| GICS Sector | N/A | ||
| GICS Industry | N/A | ||
| Today | 0.78% | 1 Week | 3.45% |
| 2 Weeks | 3.29% | 1 Month | 6.39% |
| 3 Month | 21.31% | 6 Month | 27.99% |
| ATR(14) | 4.42 | ATR(20)% | 3.56% |
| ATR Inc | -24% | Range Today | 2.2 |
| ST Trend | LT Trend | ||
| SMA(5) | SMA(10) | ||
| SMA(20) | SMA(50) | ||
| SMA(100) | SMA(200) |
| 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 |
| 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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