STANDARD CHARTERED Technical Analysis | STAN.L | GB0004082847

The price is ascending at a quick rate. Watch out for retracements under 1598.2 which can be considered as bearish trend exaggerations and would set the stock as an interesting buying opportunity.

MEDIUM TERM COMMENTARY

Medium term price trend Standard Charter is still bullish this week. This market keeps a relative behavior greater 64.2176 than FTSE 100 INDEX. Volatility has been increasing during last month. Be alert to the proximity of resistance 1696, and a possible retracement from this level.

RISK ANALYSIS

Alpha:	0.0087
Beta:	1.464
R2:	0.4351
Relative Performance:	64.2176%
Relative Strength:	0.8323
Retractment from maximum:	-3.4788%
Quarterly Volatility:	30.2845%
Distance to 20 days moving average:	4.9618%
Distance to 200 days moving average:	36.7908%

Intraday

1 year

PERFORMANCE SUMMARY (24/11/2009)

Last Price:	1,637
Since Dec. 31st:	87.0857%
Last Month:	1.9938%
Last Week:	-1.5338%
Reference Index:	FTSE 100
Correlation:	0.6596
Support:	1446
Resistance:	1696
Trend:
Cycle phase this week:
Cycle phase last week:
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•	Technical Analysis