American Invest Hub
  • Politics
  • Investing
  • Business
  • Latest News

American Invest Hub

  • Politics
  • Investing
  • Business
  • Latest News
Investing

Top FTSE 100 shares forecasts: Glencore, BT Group, Tesco

by admin July 9, 2025
July 9, 2025
Top FTSE 100 shares forecasts: Glencore, BT Group, Tesco

The FTSE 100 Index has rebounded in the past three months, moving from a low of £7,542 in April to the current £8,855. It has jumped by over 17.40%, a few points below the all-time high of £8,893. 

The Footsie Index has jumped in line with the ongoing global indices surge. Most indices like the Dow Jones, Nasdaq 100, and S&P 500 have all formed a V-shaped recovery. 

It has also jumped because of the relatively stability of the UK economy and the Bank of England (BoE) interest rate cuts. This article conducts an analysis on some of the top FTSE 100 shares like Glencore (GLEN), BT Group (BT.A), and Tesco (TSCO).

Glencore share price analysis

Glencore stock price has bounced back in the past few months, moving from a low of 202p in April to 306p today. Its stock will likely continue rising this month now that copper price is in a strong bull run after Trump’s tariff threat. 

The Glencore stock price has surged above the 23.6% Fibonacci Retracement level at 271.15p. It has also moved above the 50-day and 100-day Exponential Moving Averages (EMA).

Further data shows that the Relative Strength Index (RSI) and the MACD indicators have continued rising. 

Therefore, the most likely scenario is where GLEN share price continues rising as bulls target the 50% retracement point at 350p, up by 25% from the current level. A drop below the 23.6% retracement point at 271p will invalidate the bullish view.

GLEN stock price chart | Source: TradingView

BT Group share price technical analysis

Meanwhile, the BT Group share price has been in a strong bull run in the past few months, making it one of the best-performing FTSE 100 Index stock.

BT stock bottomed at 95.68p, its lowest swing in December 2022 and March 2024. It formed a double-bottom at that level and then moved above the key level at 142.4p, its highest point in April 2023.

BT shares have formed a golden cross pattern as the 50-week and 200-week Exponential Moving Averages crossed each other. It also moved above the key resistance level at 170p, its highest swing in 2021, 

Oscillators like the RSI and the MACD have continued rising, and have moved to the overbought level. The Average Directional Index (ADX) has continued rising.

Therefore, the stock will likely continue rising as bulls target the key resistance level at 200p. The other alternative is for it to drop and retest the key support at 170p.

BT stock price chart | Source: TradingView

Tesco share price analysis

Tesco, the biggest retailer in the UK, has been in a strong bull run in the past few months. It has jumped from a low of 175.50p in October 2022. 

The stock has remained above the important resistance level at 386.3p, its highest point in February this year. It has invalidated the double-top pattern, a popular bearish signal.

Tesco has remained above the 50-week and 100-week moving averages. Like Glencore and BT Group, the RSI and the MACD have all pointed upwards. 

TSCO stock chart | Source: TradingView

Therefore, the stock will likely drop and retest the support at 386p, and then rebound in the coming months. If this happens, the next point to watch will be 500p. 

The post Top FTSE 100 shares forecasts: Glencore, BT Group, Tesco appeared first on Invezz

0
FacebookTwitterGoogle +Pinterest
previous post
Top FTSE 100 shares forecasts: Glencore, BT Group, Tesco
next post
Zalando share price at risk as death cross and head & shoulders emerge

Related Posts

NNN REIT stock is doing well and has...

September 29, 2024

Firebird Metals

May 10, 2024

Here’s why the Russell 2000 (IWM) ETF slumped...

December 19, 2024

Apple stock price forecast: will AAPL rise or...

January 24, 2025

$12M Proposed Cash Asset Sale to Strengthen Balance...

July 23, 2024

USD/INR: Can Indian rupee hit 84 as Wall...

May 24, 2025

Chainlink price prediction: here’s why LINK may surge...

January 17, 2025

CME Group stock: high margins, dividends, and a...

September 18, 2024

Top 4 S&P 500 index stocks to buy...

April 6, 2025

John Hathaway: Gold Stocks “Ridiculously Cheap,” What Will...

February 28, 2024

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Latest News

    • EssilorLuxottica share price jumps on Meta’s 3% stake

      July 9, 2025
    • Why Thailand’s economic recovery may not be straightforward

      July 6, 2025
    • Why the US job market may actually crumble soon

      July 6, 2025
    • China spares major French cognac makers from tariffs in brandy dispute

      July 6, 2025
    • Berlin seeks Patriot Missiles for Ukraine amid US supply strain: report

      July 6, 2025

    Categories

    • Business (3,324)
    • Investing (2,592)
    • Latest News (2,012)
    • Politics (1,530)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: americaninvesthub.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 americaninvesthub.com | All Rights Reserved