Any Bright Sparks at Centrica?

#GOLD #SP500 A Google search for Centrica discovered they define themselves as an Electrical Services Company, a neat trick for the folk behind British Gas. As an international energy & services provider, they also proved inept with website design. Few things are more irritating than visiting a companies web presence and be faced with a survey asking “what do you think of us?”, before even getting the chance to view the usual corporate blurb.

It’s funny, one would suspect a company specialising in energy would experience a flourish to their share price during the cold months of winter. In the case of Centrica, this is rarely the case and we needed travel back 5 years before the share price experienced a cheerful first quarter. Maybe they are due a break in 2021 but so far, things tend reflect the lethargic motion of the FTSE rather than cold, long, nights requiring lots of electricity and gas for heating and lots of income for this multinational. Perhaps this year shall be different!

 

Presently trading around the 50p mark, the share needs above 54p to convince of happy days ahead. In such a scenario, we’re looking for recovery to an initial 58.5p with secondary, if exceeded, calculating at a longer term 73p. In the event of this triggering, visually the tightest stop looks like 40p.

The implications, should the 40p level break, are of coming weakness to an initial 31p, rather effectively matching the Covid drop from last year. Should 31p break, our final hope for a bounce resides at an ultimate bottom of 18p.

By most standards, Centrica share price dwells in a dangerous place currently but visually required little work to extract itself from the dark side.

Hey, chart goes here

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
10:36:32PM BRENT 55.63
10:40:15PM GOLD 1842.7 1825 1817 1805 1852 1856 1867 1881 1843
10:42:30PM FTSE 6795
10:45:06PM FRANCE 5661 Success
10:47:32PM GERMANY 13936 Success
10:50:16PM US500 3800 3782 3776 3758 3812 3818 3839.5 3899 3782 ‘cess
10:53:00PM DOW 31028 Success
10:57:16PM NASDAQ 12927 Success

 

11/01/2021 FTSE Closed at 6798 points. Change of -1.09%. Total value traded through LSE was: £ 5,628,068,721 a change of -23.51%
8/01/2021 FTSE Closed at 6873 points. Change of 0.25%. Total value traded through LSE was: £ 7,358,043,641 a change of -0.17%
7/01/2021 FTSE Closed at 6856 points. Change of 0.22%. Total value traded through LSE was: £ 7,370,774,807 a change of -13.13%
6/01/2021 FTSE Closed at 6841 points. Change of 3.46%. Total value traded through LSE was: £ 8,484,604,926 a change of 72.21%
5/01/2021 FTSE Closed at 6612 points. Change of 0.62%. Total value traded through LSE was: £ 4,926,938,806 a change of -22.87%
4/01/2021 FTSE Closed at 6571 points. Change of -100%. Total value traded through LSE was: £ 6,387,934,113 a change of 0%
30/12/2020 FTSE Closed at 6555 points. Change of 0%. Total value traded through LSE was: £ 2,960,610,483 a change of 0%

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