SAINSBURY (J) PLC (SBRY.L) Stock Technical Analysis
LON:SBRY - London Stock Exchange, The - GB00B019KW72 - Common Stock - Currency: GBX
Taking everything into account, SBRY scores 7 out of 10 in our technical rating. In the last year, SBRY was an average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
Besides having an excellent technical rating, SBRY also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 270.00. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 252.34, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for SBRY 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.
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226.50
We found 2 important support areas.
- A support zone ranging from 247.44 to 252.34. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 228.79 to 233.19. This zone is formed by a combination of multiple trend lines in multiple time frames.
3 important resistance areas can be observed.
- Resistance @270.00 from a horizontal line in the daily time frame.
- Resistance @279.60 from a horizontal line in the daily time frame.
- Resistance @291.02 from a trend line in the weekly time frame.
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 270.01 | 250.09 | 19.92 (7.38%) | 13.55% |
| An entry @270.01. This is a Buy Stop order right above the resistance zone. | An exit @250.09. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 19.92 points, which is 7.38%. | When investing 13.55% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
LON:SBRY (5/2/2025, 5:36:15 PM)
263.4
-5.2 (-1.94%)