St. James’s Place shares within a bullish channel
From a chartist point of view, the stock price remains within a bullish channel in place since March. However, the daily Relative Strength Index (RSI, 14) struck against 70% and is reversing down. Prices are nearing the rising 20DMA. The configuration is mixed between support at 886p and resistance at 1041p. A break below 886p would call for a reversal down trend towards 744p. Alternatively, a break above 1041p would call for a new up leg towards 1121p and 1210p.
Source: GAIN Capital, TradingView