RE: Market Cap19 Oct 2021 17:47
the bear view...
https://capital.com/bt-share-price-forecast-2021-2025
During the session that ended last Friday (8 October), the price action was quite bullish as bulls managed to push the price above the 142.5p horizontal support shown in the chart during a high-volume trading session.
Both the relative strength index (RSI) and the moving average convergence divergence (MACD) remain bearish, with the former being neck-deep into oversold territory – though it is displaying a slight bullish divergence. Meanwhile, the MACD has just crossed below the signal line and this move is being accompanied by increasingly negative histogram readings.
Overall, even though this intraday bounce from last Friday was encouraging, the outlook for the stock remains bearish from a technical standpoint, as momentum remains on the negative end.
Moving forward, a break below the 142.5p threshold may favour the continuation of the downtrend for BT Group stock.