- BKG stock price is currently trading at $4112.
- The share price is currently trading inside the symmetrical triangle pattern.
Berkeley Group (LSE: BKG) is a holding Plc that deals in the development of residential and mixed properties. The company With a gain of 2.24% in the last trading session with a trading volume of 194.103K, the BKG share price is currently trading at 4112 GBX. Berkeley’s current market capitalization is around 4.372 GBP.
Berkeley Group (BKG) Stock Analysis
Price Analysis in the 1-Day chart of BKG
For the past 6 months, Berkeley’s share price has been trading above the 3827 GBX support zone. Recently, the price initiated a bullish rally from the 3827 support zone gaining 4.24% in the last three trading days. While observing the 1-day chart BKG, the price seems to be trading inside a symmetrical pattern.
In the last trading session, the price has given a breakout of 100-day as well as 200-day EMA lines. This shows the buyers being very aggressive in the current scenario.
The RSI has recently crossed above its 50 level and is trending in an upward direction. This shows the buyer’s presence in the current scenario and more room for them in the upside to make the price rise.
The price has recently closed above the EMA line with a strong bullish candle, which can lead the price to rise to its immediate resistance at 4211. If the price breaks above this level and also gives the breakout of the trendline, it may rise to its next resistance at 4428 GBX.
However, there is also a support of trendline through the price has been rising by taking it support. If the price breaks this trendline then it may fall to its immediate support at 3827 GBX. If the price also gives the breakdown 3827 support, it may fall its next support level at 3630 GBX.
Conclusion
In the current scenario, the Berkeley stock price seems bullish as the price has given the breakout of the 100 and 200 EMA lines. The technical indicators mentioned above for the trend analysis BKG are bullish at the time of writing. The price could be seen rising to its next immediate resistance at 4211 GBX. If the gives the breakout of the 4211 GBX resistance and trendline forming above, it may rise to its next resistance at 4428 GBX.
However, there is also a trendline forming below, and if the price gives the breakdown of this trendline by which the price has recently taken support. Then it may fall to its immediate support at 3827 GBX. if the price also gives the breakdown of 3827 GBX support, it will continue it fall to its next support at 3630 GBX.
Technical levels
Resistance Levels: 4211 GBX and 4428 GBX.
Support Levels: 3827 GBX and 3630 GBX.
Disclaimer
The views and opinions stated by the author or any other person named in this article are for informational purposes only. They do not provide financial, investment, or other advice. Investing or trading comes with a risk of financial loss.