FTSE 100 Daily Technical Analysis & Setups

Monday 7 September 2026
Data: close Fri 4 Sep 2026 (latest scanner snapshot, 40 FTSE names) · UKX cash close: 10,831.09 · FTSE futures: 10,839.20 (opened 10,821.80) — broadly flat, +0.08% vs cash



MARKET OVERVIEW

The FTSE 100 finished Friday almost exactly where it started, closing at 10,831.09, down 0.43 points. On the week the index shed roughly 0.1%.

Futures (verified): the FTSE 100 future last traded at 10,839.20 having opened at 10,821.80, versus the 10,831.09 cash close. That is a gain of roughly +8 points, or +0.08% — a flat-to-marginally-firmer open, not a directional gap. Source: Investing.com FTSE 100 futures. Contract-roll note: a Eurex quarterly FTSE contract was quoting near 9,893 in the same data. That is roughly 940 points below cash and is a dividend-discount / far-dated contract artefact, NOT a bearish signal. The near contract at 10,839 is the number that matters.

Overnight: Asia was mostly firmer. The Nikkei 225 jumped around 2% above 66,300 on memory-chip optimism, the Hang Seng was down 0.15% and the CSI 300 up 0.44%. US futures were steady with Nasdaq 100 futures up about 0.3% and S&P 500 futures up 0.2%.

The main driver for London today is oil. Brent has pushed toward $97 after the US struck three Iranian oil tankers over the weekend in retaliation for missile attacks on US Navy warships. Tehran has responded by attacking US-linked vessels and signalling a restricted maritime zone beyond the Strait of Hormuz. Vice President Vance has said there will be no talks until the ship attacks stop. This is a direct tailwind for SHEL and BP, and a headwind for anything with a fuel or freight cost line — airlines, distributors, consumer.

Important caveat on the levels below. All technical data is Friday 4 September's close. Every price, EMA, pivot and Camarilla level in this report is derived from that session. They are not intraday-updated for today. Treat them as the reference structure going into Monday, and re-check against live price before acting — especially in energy, which has a live weekend catalyst that the Friday numbers do not reflect.

Breadth (40 names): 21 above all three EMAs, 13 below all three, 6 mixed. 28 of 40 are trading above their 60-day volume POC. That is a constructive underlying tape sitting inside a flat headline index.



NOTABLE CHANGES (day-over-day)

EXPN -4.42% — the standout. RSI dropped 9.2 points to 45.0 and it crossed BELOW all three EMAs in a single session (EMA20 2909.33, EMA50 2828.05, EMA200 2900.19). Week -5.32%. A clean, fresh structural breakdown.

VOD +2.41% — MACD bullish crossover, 4th consecutive up day, week +5.52%. Closed at 125.25, with the session high of 127.10 being the exact 52-week high. Driven by a Goldman Sachs upgrade to Buy with the price target lifted to 155p from 85p.

PRU -1.97% — crossed BELOW EMA20 and BELOW POC on the same day, on heavy relative volume (rv 1.30). The heavy volume makes this a conviction move, not noise.

III -2.09% — RSI fell 5.0 points and it crossed below EMA20. Already below EMA200. Now 38.5% off its 52-week high, the worst drawdown in the universe.

REL -2.00% — RSI dropped 4.8 points. Still above EMA20 and EMA50 but firmly below EMA200, and 26.8% off its 52-week high.

SSE +1.22% and LGEN +0.89% — both crossed ABOVE EMA20 and ABOVE POC on the same session. Two clean, simultaneous recovery triggers in defensive names.

AZN -1.11% — crossed BELOW EMA20, joining EMA50 and EMA200 on the wrong side. Now below all three with ADX at 27.9, meaning the downtrend has real strength behind it.

RKT — MACD bearish crossover, and RSI is down 15.5 points over the week. Deteriorating momentum despite Friday's +0.63%.

STAN and INF — both posted MACD bullish crossovers. STAN closed just 1.0% below its 52-week high.



SECTOR HEATMAP (Friday 4 Sep)

Telecom +2.41% — VOD +2.41. Single name, but the strongest move in the index.

Utilities +0.94% — SSE +1.22, NG +0.65. Note: both are still structurally weak (SSE is below EMA50, NG is below all three EMAs). This is a bounce, not a trend.

Consumer & Retail +0.79% — TSCO +1.26, ABF +1.18, ULVR +0.65, RKT +0.63, DGE +0.21. Three of five above all EMAs. Genuine defensive rotation.

Banks +0.44% — HSBA +0.97, BARC +0.66, NWG +0.47, STAN +0.40, LLOY -0.29. Four of five above all three EMAs. The most technically healthy sector in the index.

Tobacco +0.12% — IMB +0.89, BATS -0.65. Both still below all three EMAs. Mixed and structurally poor.

Energy -0.08% — SHEL +0.07, BP -0.24. Both above all three EMAs. Flat on Friday but with the strongest live catalyst going into today.

Mining -0.21% — RIO +0.40, AAL -0.12, ANTO -0.51, GLEN -0.61. All four above all three EMAs. A soft session inside a strong structure.

Insurance & Life -0.31% — LGEN +0.89, AV +0.28, ADM -0.44, PRU -1.97. Split down the middle.

Aero & Defence -0.31% — RR. +0.62, BAE -1.24. BAE is dragging badly.

Pharma & Health -1.09% — HLN -0.95, AZN -1.11, GSK -1.21. All three below all three EMAs. The cleanest sector-wide breakdown on the board. AZN is 23.6% off its high, GSK 19.2% off. No pharma name is worth a long here.

Media / Data / Professional Services -1.35% — EXPN -4.42, III -2.09, REL -2.00, WPP -1.47, SGE -1.26, LSEG -1.12, BNZL -0.82, RTO -0.43, CPG -0.13, INF +0.24. Ten names, one green. This is where the selling is concentrated and where the fresh breakdowns are.

The rotation is unambiguous: money is moving out of media, data and professional services and out of pharma, into banks, staples and defensives.



DAILY TECHNICAL SIGNALS

BULLISH — above all three EMAs

VOD 125.25 +2.41% · RSI 67.6 (+4.9) · MACD 1.52 above signal 1.22 · -1.5% from 52w high · above POC 114.41
HSBA 1578.80 +0.97% · RSI 64.3 (+3.4) · MACD 10.97 above signal 7.07 · -4.5% from 52w high · above POC 1500.54
GLEN 602.10 -0.61% · RSI 64.2 (-3.2) · MACD 15.07 above signal 14.26 · -3.1% from 52w high · above POC 549.95
RIO 7641.50 +0.40% · RSI 60.4 · MACD 125.32 above signal 125.22 · -16.2% from 52w high · above POC 7220.55
SHEL 3434.00 +0.07% · RSI 60.2 · MACD 43.62 marginally below signal 44.51 · -4.4% from 52w high · above POC 3198.11 · ADX 29.4
AAL 4170.00 -0.12% · RSI 59.3 · MACD 103.82 below signal 104.26 (bearish cross) · -3.5% from 52w high · above POC 3864.16
STAN 2239.00 +0.40% · RSI 58.9 · MACD bullish crossover · -1.0% from 52w high · above POC 2134.20
AV 726.60 +0.28% · RSI 58.6 · MACD 10.38 below signal 12.06 · -1.9% from 52w high · above POC
NWG 700.70 +0.47% · RSI 57.2 · MACD 1.61 below signal 2.42 · -3.5% from 52w high · 4-day up streak
INF 915.00 +0.24% · RSI 57.1 · MACD bullish crossover · -8.5% from 52w high · above POC 888.04 · rv 1.45 heavy
TSCO 474.20 +1.26% · RSI 56.6 (+3.2) · MACD -0.62 above signal -2.80 · -8.9% from 52w high · ADX 24.7
ULVR 4763.80 +0.65% · RSI 55.4 · MACD 35.49 above signal 29.94 · -13.8% from 52w high
SGE 1056.50 -1.26% · RSI 54.8 (-3.2) · MACD 31.30 below signal 40.96 · -10.5% from 52w high
WPP 375.90 -1.47% · RSI 54.7 (-2.1) · MACD 12.97 below signal 19.04 · -8.9% from 52w high
BP 538.40 -0.24% · RSI 54.2 · MACD 3.17 above signal 2.93 · -11.7% from 52w high · above POC 515.54
ABF 2064.00 +1.18% · RSI 53.8 · MACD 4.54 below signal 8.06 · -12.5% from 52w high
ANTO 3915.00 -0.51% · RSI 52.9 · MACD 39.94 above signal 37.14 · -12.5% from 52w high
LGEN 295.00 +0.89% · RSI 50.6 (+3.0) · crossed ABOVE EMA20 and POC · -7.3% from 52w high
LLOY 112.10 -0.29% · RSI 50.3 · MACD -0.48 below signal -0.37 · -4.9% from 52w high

BULLISH — above EMA20 and EMA50, below EMA200

REL 2621.50 -2.00% · RSI 51.8 (-4. · MACD 20.85 above signal 19.53 · -26.8% from 52w high · above POC 2521.16
LSEG 8798.00 -1.12% · RSI 51.5 (-2.9) · MACD 25.55 above signal 7.08 · -13.2% from 52w high · above POC

MIXED

RR. 1489.40 +0.62% · below EMA20, above EMA50, above EMA200 · RSI 49.2 · -6.1% from 52w high
RKT 5112.00 +0.63% · below EMA20, above EMA50, below EMA200 · RSI 48.8 · MACD bearish crossover · -21.5% from 52w high
SSE 2404.00 +1.22% · above EMA20, below EMA50, above EMA200 · RSI 50.8 (+4.6) · crossed ABOVE EMA20 and POC · -15.9% from 52w high
DGE 1670.00 +0.21% · below EMA20, above EMA50, above EMA200 · RSI 47.4 · -18.0% from 52w high
III 2767.00 -2.09% · below EMA20, above EMA50, below EMA200 · RSI 47.4 (-5.0) · -38.5% from 52w high
ADM 3819.30 -0.44% · below EMA20, above EMA50, above EMA200 · RSI 46.0 (-1.5) · -7.5% from 52w high

BEARISH — below EMA20 and EMA50, above EMA200

BARC 496.60 +0.66% · RSI 46.8 · MACD -5.52 below signal -4.57 · -7.7% from 52w high · below POC
BNZL 2650.00 -0.82% · RSI 32.6 (-4.5) · crossed BELOW POC · -8.4% from 52w high

BEARISH — below all three EMAs

EXPN 2813.00 -4.42% · RSI 45.0 (-9.2) · crossed below EMA20, EMA50 AND EMA200 · -29.4% from 52w high · still above POC 2722.81 · ADX 22.8
PRU 1018.00 -1.97% · RSI 46.1 (-3.5) · crossed below EMA20 and POC · -17.8% from 52w high · rv 1.30 heavy
AZN 12011.00 -1.11% · RSI 46.1 (-2.6) · crossed BELOW EMA20 · MACD -110.63 · -23.6% from 52w high · below POC 12556.55 · ADX 27.9
CPG 3082.00 -0.13% · RSI 45.1 · MACD -0.36 · -17.8% from 52w high · below POC
BATS 4127.00 -0.65% · RSI 41.7 (-2.5) · MACD -76.65 · -17.5% from 52w high · below POC
IMB 2540.30 +0.89% · RSI 40.9 · MACD -55.34 · -24.0% from 52w high · below POC
HLN 354.20 -0.95% · RSI 40.9 (-3.4) · crossed BELOW POC · -14.9% from 52w high · rv 1.46 heavy
GSK 1844.00 -1.21% · RSI 40.8 (-4.3) · MACD -17.51 · -19.2% from 52w high · below POC 1935.61
NG 1153.50 +0.65% · RSI 39.9 (+3.0) · MACD -14.67 · -19.3% from 52w high · below POC · rv 1.06
RTO 349.60 -0.43% · RSI 37.8 · MACD -11.73 · -31.0% from 52w high · below POC
BAE 1954.50 -1.24% · RSI 31.3 · MACD -21.63 vs signal 10.31 · -17.2% from 52w high · below POC 1980.33 · ADX 29.7 · 4-day down streak



TOP SWING SETUPS


1. SHEL — LONG (CONTINUING)

Entry: 3450 on a break of Friday's 3450.23 high · Stop: 3389 · T1: 3510 · T2: 3591 · R:R: 1:2.2 to T2

Risk 61 points, roughly 1.0 ATR (ATR 58.62). Above all three EMAs — close 3434.00 vs EMA20 3371.26, EMA50 3293.42, EMA200 3107.30. RSI 60.2, ADX 29.4 confirming a trending market. Trading well above its POC of 3198.11, so there is no volume-profile resistance overhead until the 52-week high at 3591.50. Only 4.4% off that high.

The catalyst is live and it is not in Friday's numbers. Brent toward $97 on the Hormuz escalation over the weekend. Friday's +0.07% close does not reflect it. The one caution: MACD at 43.62 sits marginally below its signal at 44.51, so momentum was flattening into the weekend. The oil move is what resolves that. Relative volume was thin on Friday at 0.51 — if the gap up comes on light volume, size down.


2. VOD — LONG breakout (NEW)

Entry: 127.40 on a break of the 52-week high · Stop: 123.10 · T1: 131.00 · T2: 136.00 · R:R: 1:2.0 to T2

Risk 4.3 points, roughly 1.5 ATR (ATR 2.79). This triggered Friday: MACD bullish crossover, 4th consecutive up day, week +5.52%. Above all three EMAs — 125.25 vs EMA20 119.19, EMA50 116.47, EMA200 108.16. Well above POC at 114.41. The 52-week high of 127.10 was Friday's session high, so the stock closed 1.5% below a level it touched intraday.

Driver: Goldman upgraded to Buy with a 155p target, up from 85p. That is a large revision and it is what moved the stock.

Two real cautions. RSI at 67.6 is approaching overbought, so a first push through 127.10 may fail and retest. And ADX is only 13.7, meaning there is no established trend strength behind this yet — it is a news move, not a trend move. Stop is placed below Friday's 123.25 low and below Camarilla S4 at 123.13. Relative volume 0.54 is thin, which argues for the wider stop used here.


3. STAN — LONG breakout (NEW)

Entry: 2255 on a break of Friday's 2253 high · Stop: 2196 · T1: 2330 · T2: 2400 · R:R: 1:2.5 to T2

Risk 59 points, roughly 1.2 ATR (ATR 51.04). MACD bullish crossover triggered Friday. Above all three EMAs — 2239.00 vs EMA20 2188.54, EMA50 2139.91, EMA200 1882.59. RSI 58.9 with room. Week +3.51%. It is only 1.0% below its 52-week high of 2262 — the tightest to a 52-week high of any name on the board.

Confluence: banks are the strongest sector on the board, four of five above all three EMAs. POC at 2134.20 is far below, so the entire volume shelf supports. Stop sits below classic S2 at 2196.33. Caution: ADX is only 11.1, so this is a breakout attempt in a low-directionality tape — expect chop before it runs.


4. HSBA — LONG (CONTINUING)

Entry: 1585 on a break of Friday's 1581.80 high · Stop: 1543 · T1: 1617 · T2: 1653 · R:R: 1:1.6 to T2

Risk 42 points, roughly 1.4 ATR (ATR 29.09). Four-day up streak, RSI 64.3 and rising 3.4 points. Above all three EMAs — 1578.80 vs EMA20 1532.69, EMA50 1502.20, EMA200 1333.83. Comfortably above POC at 1500.54. Week +3.18%. Only 4.5% from the 52-week high of 1653.40, which is T2.

Stop is below classic S2 at 1543.47. Note RSI is already elevated and the four-day streak means a pause is statistically due — this is the lower-conviction of the two bank longs. Prefer STAN if forced to choose one.


5. EXPN — SHORT on retest (NEW breakdown)

Entry: 2900 on a bounce back into the EMA20/EMA200 zone · Stop: 2960 · T1: 2783 · T2: 2723 · R:R: 1:2.95 to T2

Risk 60 points, well inside the 99.71 ATR. Friday was a clean, violent structural break: -4.42%, RSI down 9.2 points, and it crossed below EMA20 (2909.33), EMA50 (2828.05) and EMA200 (2900.19) all in one session. Week -5.32%. ADX 22.8 and building. Now 29.4% off the 52-week high.

Why wait for the retest rather than chase. EXPN closed at 2813, which is still above its POC of 2722.81. That volume shelf is the first real support and it is only 90 points below — chasing the break here gives a poor entry into support. The high-quality trade is a bounce back to the 2900-2910 zone where EMA20 and EMA200 now sit as overhead resistance, shorting into that with a tight stop above. T1 is Friday's 2783 low, T2 is the POC at 2723. Below the POC, classic S3 at 2631.27 opens up.

Do not short below 2723 without a fresh trigger — that is where buyers have the most volume committed.



INTRADAY SETUPS


1. SHEL — Camarilla breakout LONG

Entry: above 3463.00 (Cam R4) · Stop: 3445 · T1: 3480 · T2: 3509.72 · R:R: 1:2.5 to T2

Risk 18 points. Camarilla R4 at 3463.00 is the breakout trigger; a clean move above it with the oil bid behind it targets classic R2 at 3479.97 and R3 at 3509.72. Stop sits just below Cam R3 at 3448.50. This is the highest-confluence intraday idea on the board because the daily trend, the volume profile and the live news catalyst all point the same way. If SHEL gaps above 3463 at the open, wait for the first 15-minute range to form rather than buying the gap.


2. VOD — Camarilla breakout LONG

Entry: above 127.37 (Cam R4) · Stop: 125.55 · T1: 129.05 · T2: 131.00 · R:R: 1:2.0 to T2

Risk 1.82 points. Cam R4 at 127.37 sits almost exactly on the 52-week high of 127.10 — that is genuine confluence, two independent methods marking the same level. A break above it is a 52-week breakout on an upgrade catalyst. Targets are classic R2 at 129.05 and R3 at 131.00. Stop below Cam R1 at 125.60. If it stalls at 127 and reverses, that failure is itself informative — stand aside, do not flip short into a Goldman upgrade.


3. INF — pivot bounce LONG

Entry: 911.00 on a pullback to the pivot zone · Stop: 895.00 · T1: 925.40 · T2: 945.73 · R:R: 1:2.2 to T2

Risk 16 points. Camarilla S1 at 911.73 and the classic pivot at 910.03 sit within 1.7 points of each other — a tight confluence zone. Stop below Cam S4 at 895.37 and below EMA20 at 899.03, so a stop-out is a genuine structural failure, not noise.

The reason this one is interesting: relative volume was 1.45 on Friday, the second-heaviest in the universe. That is real participation, not drift. Combined with a MACD bullish crossover and price above all three EMAs (915.00 vs 899.03, 888.57, 860.88), and sitting above POC at 888.04. T1 is Friday's 925.40 high, T2 is classic R2 at 945.73.


4. AZN — Camarilla range SHORT

Entry: 12072.00 (Cam R3) · Stop: 12140.00 · T1: 11990.43 · T2: 11927.31 · R:R: 1:2.1 to T2

Risk 68 points, well under the 335.25 ATR. Classic Camarilla range logic: price closed inside the S3-R3 band, so fade the extremes. Sell into Cam R3 at 12072.56 with the stop above Cam R4 at 12134.16.

The directional bias supports the short side. AZN crossed below EMA20 on Friday and is now below all three (12011.00 vs 12099.45, 12491.34, 13114.03), below POC at 12556.55, and ADX is 27.9 — a downtrend with real strength. Pharma was the weakest structural sector on the board with all three names below all three EMAs. T1 is Cam S1 at 11990.43, T2 is classic S1 at 11927.31. Below that, the 52-week low at 10,524 is the longer-term reference.


5. TSCO — Camarilla breakout LONG

Entry: above 479.26 (Cam R4) · Stop: 473.30 · T1: 480.80 · T2: 486.70 · R:R: 1:1.25 to T2

Risk 5.96 points. TSCO was the strongest consumer name on Friday at +1.26% with RSI rising 3.2 points to 56.6 and ADX at 24.7, the third-highest trend strength in the universe. Above all three EMAs — 474.20 vs EMA20 464.63, EMA50 466.22, EMA200 457.21 — and above POC at 464.55, with the POC sitting almost exactly on the EMA20/EMA50 cluster. That is a strong support confluence underneath.

Caveat on this one: R:R is the weakest of the five setups here because Cam R4 and classic R2 sit only 1.5 points apart. Treat T1 as a scale-out and let the balance run for 486.70. Also note relative volume was only 0.25 on Friday — very thin — so widen stops or reduce size if that persists. Defensive rotation into staples is the thesis.



KEY LEVELS DASHBOARD


SHEL — 3434.00
Cam: S4 3405.00 · S3 3419.50 · S1 3429.17 || R1 3438.83 · R3 3448.50 · R4 3463.00
Classic: S3 3351.53 · S2 3374.51 · S1 3404.26 · Pivot 3427.24 · R1 3456.99 · R2 3479.97 · R3 3509.72
EMAs: 20 = 3371.26 · 50 = 3293.42 · 200 = 3107.30 || POC 3198.11
Prev day: H 3450.23 · L 3397.50 || 52-week: H 3591.50 · L 2553.77


VOD — 125.25
Cam: S4 123.13 · S3 124.19 · S1 124.90 || R1 125.60 · R3 126.31 · R4 127.37
Classic: S3 119.45 · S2 121.35 · S1 123.30 · Pivot 125.20 · R1 127.15 · R2 129.05 · R3 131.00
EMAs: 20 = 119.19 · 50 = 116.47 · 200 = 108.16 || POC 114.41
Prev day: H 127.10 · L 123.25 || 52-week: H 127.10 · L 83.40


STAN — 2239.00
Cam: S4 2217.55 · S3 2228.28 · S1 2235.43 || R1 2242.58 · R3 2249.73 · R4 2260.45
Classic: S3 2178.67 · S2 2196.33 · S1 2217.67 · Pivot 2235.33 · R1 2256.67 · R2 2274.33 · R3 2295.67
EMAs: 20 = 2188.54 · 50 = 2139.91 · 200 = 1882.59 || POC 2134.20
Prev day: H 2253.00 · L 2214.00 || 52-week: H 2262.00 · L 1351.50


HSBA — 1578.80
Cam: S4 1563.40 · S3 1571.10 · S1 1576.23 || R1 1581.37 · R3 1586.50 · R4 1594.20
Classic: S3 1533.13 · S2 1543.47 · S1 1561.13 · Pivot 1571.47 · R1 1589.13 · R2 1599.47 · R3 1617.13
EMAs: 20 = 1532.69 · 50 = 1502.20 · 200 = 1333.83 || POC 1500.54
Prev day: H 1581.80 · L 1553.80 || 52-week: H 1653.40 · L 959.29


EXPN — 2813.00
Cam: S4 2742.16 · S3 2777.58 · S1 2801.19 || R1 2824.81 · R3 2848.42 · R4 2883.84
Classic: S3 2631.27 · S2 2707.13 · S1 2760.07 · Pivot 2835.93 · R1 2888.87 · R2 2964.73 · R3 3017.67
EMAs: 20 = 2909.33 · 50 = 2828.05 · 200 = 2900.19 || POC 2722.81
Prev day: H 2911.80 · L 2783.00 || 52-week: H 3987.00 · L 2324.00



BEARISH WARNINGS

EXPN — fresh triple EMA breakdown. Crossed below EMA20, EMA50 and EMA200 in one session on -4.42%. RSI down 9.2 points. This is the single most significant technical event in the universe on Friday. Avoid all long exposure. Any bounce is a selling opportunity until it reclaims 2900.

PRU — breakdown on heavy volume. Crossed below EMA20 AND below POC on the same day with relative volume at 1.30. The volume is what makes this credible. Below all three EMAs (1018.00 vs 1029.00, 1040.71, 1049.88). Note it goes ex-dividend in September, which will mechanically drop the price further.

AZN — fresh EMA20 loss completes the breakdown. Now below all three EMAs with ADX at 27.9. Below POC at 12556.55. 23.6% off the 52-week high. In the weakest sector on the board.

III — below EMA20 again, 38.5% off its high. The deepest drawdown in the universe. RSI down 5.0 points. Below EMA200. Nothing here supports a long.

BAE — RSI 31.3 with ADX 29.7 and a 4-day down streak. Below all three EMAs and below POC at 1980.33. The combination of a strong ADX and a low RSI means this is a strong downtrend, not an exhausted one — but at RSI 31 a violent short-covering bounce is a live risk. Do not initiate fresh shorts down here; wait for a bounce into 1980-2000.

BNZL — RSI 32.6 and crossed below POC. Below EMA20 and EMA50, holding above EMA200 at 2512.70. That EMA200 is the line that matters. RSI fell 4.5 points on Friday.

RKT — MACD bearish crossover with RSI down 15.5 points on the week. Friday's +0.63% is noise against that. Below EMA20 and below EMA200.

HLN — crossed below POC on heavy volume (rv 1.46). Below all three EMAs, RSI 40.9 and down 16.2 points on the week. Third pharma name confirming the sector breakdown.

Sector-level warning: all three pharma names — AZN, GSK, HLN — are below all three EMAs simultaneously. That is a sector in structural decline, not three coincidences. And nine of ten media/data/professional services names fell on Friday. Both groups should be avoided on the long side until there is a reclaim signal.



EVENTS CALENDAR — week of 7 September 2026

Friday 11 September, 07:00 — ONS monthly GDP estimate for July 2026, published alongside index of production, index of services, construction output and UK trade. This is the week's main UK domestic catalyst. Context: Q2 2026 GDP grew 0.4%, following 0.6% in Q1, with services up 0.5%, construction up 0.3% and production flat.

Bank of England: Bank Rate is at 3.75%, held unchanged at the June MPC meeting. No MPC decision falls in this week.

Ex-dividend: six FTSE 100 constituents go ex-dividend during September, accounting for just over 3% of the index by weight — Aviva, Admiral Group, Prudential, Antofagasta, Endeavour Mining and Lion Finance Group. At least one falls on Thursday 10 September. Relevant to this report: AV, ADM, PRU and ANTO all appear in the tracked universe. Confirm exact dates with your broker before sizing any position in those four — an ex-dividend drop is not a technical breakdown, and PRU in particular is already flagged as a bearish setup, so do not confuse the two.

Live geopolitical risk — the dominant driver. The US-Iran exchange over the Strait of Hormuz is escalating, not de-escalating. The US struck three Iranian tankers over the weekend; Tehran has attacked US-linked vessels and is signalling a restricted maritime zone. Vice President Vance has ruled out talks until attacks stop. Brent is toward $97. This is a headline-driven, gap-risk environment: energy longs carry upside gap risk, and anything fuel-exposed carries downside gap risk. Position sizes should reflect that overnight news, not Friday's closing volatility, is setting the range.

US: Nasdaq 100 futures up ~0.3%, S&P 500 futures up ~0.2% overnight, with Asian tech strong on memory-chip demand optimism. A supportive but not decisive backdrop for London.



DATA VERIFICATION

Scanner entries were selected by FTSE 100 constituent membership, not by timestamp. The two most recent entries by received_at (21:32) were discarded — one was labelled dow_scanner and carried 20 US megacap tickers, and one was mislabelled ftse_scanner but carried 20 NASDAQ-100 tickers (BKNG, PANW, MU, LRCX, KLAC and similar) with zero FTSE constituents. The two qualifying entries at 20:11 were merged, giving 40 FTSE names, 40 of 40 confirmed constituents.

Pence-scale guard applied: CPG was quoted in pounds and all its price fields were multiplied by 100.

All 40 EMA classifications were programmatically re-verified with strict numeric comparison of close against EMA20, EMA50 and EMA200. Zero mismatches.



Not financial advice. Always DYOR. Capital at risk.

Friday 04 September 2026
Data: close Thursday 03 Sep 2026 (latest scanner snapshot, 40 FTSE names) | UKX close 10,831-10,835 (+0.7%) | Futures 10,839 (opened 10,821.8, Investing.com UK100)



MARKET OVERVIEW

The FTSE 100 closed Thursday 03 September at 10,831 (Proactive: +75 pts, +0.7%; Trading Economics GB100 10,835, +0.73%), recovering after two sessions of losses. Sentiment improved on dovish comments from Fed governor Waller and an easing global bond selloff.

UK 100 futures are quoted at 10,839.2, having opened at 10,821.8. That sits essentially flat to marginally above the cash close, so there is no meaningful directional gap and no evident contract-roll dividend discount. Source: Investing.com UK 100 futures. Read the open as NEUTRAL to mildly constructive, not directional.

Macro backdrop:
Brent crude around $95 after a tanker was struck transiting the Strait of Hormuz on Monday. Energy inflation is the dominant driver this week.
UK 10-year gilt 5.27%, 30-year 5.85% - near 18-year highs. Rate-sensitive sectors (utilities, staples, housing) remain under pressure.
Miners, energy and financials have been the strong pockets. That is exactly what the scanner shows.

Data honesty note: every level below is from the Thursday 03 Sep close. They are one session old, not live Friday prices. Volume was thin across the board - 34 of 40 names printed relative volume below 0.8, and 20 names below 0.5. Treat conviction accordingly and widen stops on the thinnest names.



NOTABLE CHANGES - DAY OVER DAY

INF (Informa) - the single biggest signal on the board. RSI surged +11.4 pts to 54.7, crossed ABOVE EMA20, EMA50 and POC on the same session, +3.3% on the day. Full regime flip.

LLOY (Lloyds) - crossed ABOVE EMA20, EMA50 and POC, 4-day up streak, RSI +6.6 to 50.8. Now BULLISH above all three EMAs.

HLN (Haleon) - the worst single-day structural break. Crossed BELOW EMA20, EMA50 AND EMA200 in one session, plus a MACD bearish crossover. -2.1% on relative volume 0.96, the only meaningful volume among the decliners. This one is real.

BAE Systems - crossed BELOW EMA200 and BELOW POC, 4-day down streak. RSI 33.6, the second weakest on the board. ADX 28.8 confirms a trending move, not noise.

LSEG - crossed ABOVE EMA20 and EMA50, +3.9%, RSI +7.8. Still below EMA200 at 8,931.82 - that is the line that matters.

ADM (Admiral) - RSI dropped 8.2 pts on the day and 15.7 pts on the week, -4.81% over five sessions, crossed BELOW EMA20. Admiral is one of six FTSE 100 names going ex-dividend this month, so treat part of this drop as mechanical rather than technical. Verify the ex-date before shorting it.

WPP - +5.4%, biggest single-day gain on the board, crossed ABOVE EMA20. ADX 33.5 is the strongest trend reading in the universe. But MACD is still bearish and relative volume was only 0.39.

HSBA - MACD BULLISH crossover plus a 4-day up streak. RSI 60.9.

RKT (Reckitt) - crossed BELOW EMA20 and BELOW EMA200, -2.5%. Now 21.8% off its 52-week high.

BNZL (Bunzl) - crossed BELOW EMA50, RSI down 15.1 pts on the week to 37.1.



SECTOR HEATMAP

MEDIA AND INFORMATION - STRONGEST (avg +4.0%)
WPP +5.42, LSEG +3.92, REL +3.44, INF +3.29. Four names moved together in a single session. This is a coordinated sector bid, not stock-specific news. WPP and INF are now bullish above all EMAs; LSEG and REL are above 20/50 but still below their 200. Note all four are heavily off their 52-week highs (REL -25%, EXPN -26%), so this reads as a beaten-down sector catching a bid.

BANKS - STRONG AND BROAD (avg +1.43%)
BARC +2.10, LLOY +1.63, NWG +1.34, HSBA +1.06, STAN +1.04. All five up. Four of the five are bullish above all EMAs. Rising gilt yields support net interest margins. BARC is the laggard - still BEARISH below EMA20 and EMA50 and the only bank below its POC.

MINERS - CONSTRUCTIVE (avg +1.45%)
ANTO +2.16, GLEN +1.99, AAL +0.94, RIO +0.71. All four bullish above every EMA and all four above POC. GLEN is 2.2% off its 52-week high, AAL 3.4% off. Sector leadership intact.

STAPLES AND CONSUMER - WEAKEST
RKT -2.47, DGE -1.59, ULVR -0.88, HLN -2.10 against IMB +0.24, BATS +1.04, TSCO +0.49, ABF +1.13. High gilt yields are punishing bond-proxy defensives. IMB and BATS are both BEARISH below all EMAs despite green days.

UTILITIES - BEARISH
NG -0.09 (BEARISH below all EMAs, RSI 36.9), SSE +0.51 (BEARISH below EMA20/50, MACD bearish crossover). Both are direct casualties of 5.85% 30-year gilts. NG printed relative volume 1.07 - genuine selling.

ENERGY - MIXED
SHEL -0.33, BP -0.50. Both still bullish above all EMAs, both well above POC. Modest profit-taking with Brent at $95, not a trend change. BP posted a MACD bullish crossover.

DEFENCE - BREAKING DOWN
BAE -0.53, RSI 33.6, below all EMAs, fresh EMA200 loss.

Board totals: 22 BULLISH, 11 BEARISH, 7 MIXED (strict numeric EMA classification, zero mismatches on programmatic re-check).



DAILY TECHNICAL SIGNALS

Format: TICKER close change RSI (delta) MACD %from52wH vs POC - trend

BULLISH ABOVE ALL EMAS
WPP 380.90 +5.42% RSI 56.8 (+6. MACD bear -7.7% POC +62.44
INF 907.50 +3.29% RSI 54.7 (+11.4) MACD bear -9.3% POC +23.06
EXPN 2954.0 +2.71% RSI 54.2 (+5.0) MACD bear -25.9% POC +238.4
VOD 122.55 +2.64% RSI 62.7 (+5.6) MACD bear -1.2% POC +8.25
ANTO 3932.3 +2.16% RSI 53.8 MACD bull -12.1% POC +98.76
GLEN 607.78 +1.99% RSI 67.4 MACD bull -2.2% POC +57.99
LLOY 112.25 +1.63% RSI 50.8 (+6.6) MACD bear -4.8% POC +1.02
SGE 1070.0 +1.42% RSI 58.0 MACD bear -9.4% POC +142.8
NWG 695.80 +1.34% RSI 54.7 MACD bear -4.2% POC +22.44
ABF 2054.0 +1.13% RSI 51.7 (+5.5) MACD bear -12.9% POC +64.49
HSBA 1561.6 +1.06% RSI 60.9 MACD bull -5.6% POC +64.98
STAN 2227.0 +1.04% RSI 57.5 MACD bear -1.5% POC +99.41
AAL 4173.0 +0.94% RSI 59.5 MACD bull -3.4% POC +313.6
RIO 7631.0 +0.71% RSI 60.0 MACD bull -16.3% POC +406.7
TSCO 469.20 +0.49% RSI 53.4 MACD bull -9.9% POC +4.52
SHEL 3431.5 -0.33% RSI 60.0 MACD bear -4.5% POC +234.8
BP 539.80 -0.50% RSI 54.9 MACD bull -11.4% POC +24.29
ULVR 4740.5 -0.88% RSI 53.7 MACD bull -14.2% POC +122.6
AV 723.40 -1.09% RSI 56.7 (-6.1) MACD bear -2.3% POC +40.59

BULLISH ABOVE 20 AND 50, BELOW 200
LSEG 8904.0 +3.92% RSI 54.4 (+7. MACD bull -12.2% POC +282.2 - EMA200 8931.82 is the gate
REL 2678.0 +3.44% RSI 56.6 (+7.4) MACD bull -25.2% POC +158.7 - EMA200 2712.90 is the gate
III 2819.0 +2.29% RSI 52.4 MACD bear -37.3% POC +197.9

MIXED
PRU 1032.0 +2.84% RSI 49.6 (+8. MACD bear -16.6% POC +3.16 - above EMA20, below EMA50 and EMA200
AZN 12132 +1.30% RSI 48.7 MACD bull -22.9% POC -442.1 - above EMA20, below EMA50 and EMA200
LGEN 292.50 +1.77% RSI 47.6 (+6.6) MACD bear -8.0% POC -0.45 - below EMA20, above EMA50 and EMA200
RR. 1479.4 +0.71% RSI 47.2 MACD bear -6.7% POC +32.39 - below EMA20, above EMA50 and EMA200
DGE 1666.0 -1.59% RSI 46.8 MACD bear -18.5% POC +48.71 - below EMA20, above EMA50 and EMA200
ADM 3842.0 -2.34% RSI 47.5 (-8.2) MACD bear -6.9% POC +155.7 - below EMA20, above EMA50 and EMA200
RKT 5097.0 -2.47% RSI 47.8 (-7.0) MACD bull -21.8% POC +69.61 - below EMA20, above EMA50, below EMA200

BEARISH BELOW EMA20 AND EMA50, ABOVE EMA200
BARC 493.60 +2.10% RSI 44.7 (+7.3) MACD bear -8.3% POC -13.51
SSE 2371.0 +0.51% RSI 46.2 MACD bear -17.1% POC -29.54
BNZL 2688.0 -0.96% RSI 37.1 (-7.0) MACD bear -7.1% POC +17.71

BEARISH BELOW ALL EMAS
BATS 4169.0 +1.04% RSI 44.2 MACD bull -16.7% POC -277.0
CPG 3091.0 +1.61% RSI 45.9 MACD bear -17.5% POC -106.0
GSK 1870.5 +0.48% RSI 45.1 MACD bear -18.0% POC -65.87
IMB 2524.0 +0.24% RSI 38.2 MACD bull -24.5% POC -216.2
NG 1146.5 -0.09% RSI 36.9 MACD bear -19.7% POC -63.46
BAE 1977.0 -0.53% RSI 33.6 MACD bear -16.2% POC -2.76
RTO 352.60 -0.76% RSI 39.6 MACD bull -30.5% POC -35.15
HLN 358.30 -2.10% RSI 44.3 (-7.4) MACD bear -13.9% POC +1.31

Note: CPG is quoted in pounds by the feed and was rescaled x100 to GBX to match the .GB_SB quote. Its ADX reading is a units artifact - ignore it.



TOP SWING SETUPS

1. INF - INFORMA - LONG - NEW
Entry: 907.50 or better on a pullback to 896-900 · Stop: 884.00 · T1: 949.47 · T2: 1000.00 · R:R: 1.8 to T1, 3.9 to T2
Risk 23.5 pts, 1.3x ATR (17.74).
Why: the cleanest regime change on the board. RSI surged 11.4 pts in one session and it crossed above EMA20, EMA50 and POC simultaneously. Now BULLISH above all three EMAs - close 907.50, EMA20 896.84, EMA50 887.28, EMA200 860.28.
Confluence: the 884.00 stop sits below both the POC at 884.44 and EMA50 at 887.28 - a genuine structural invalidation, not an arbitrary level. First target is classic R3 at 949.47; second is the 52-week high at 1,000.
Caution: MACD has not yet crossed bullish and ADX is only 13.4, so the trend is young. Relative volume 0.78 is below average.

2. LLOY - LLOYDS - LONG - NEW
Entry: 112.25 · Stop: 110.20 · T1: 115.55 · T2: 117.90 · R:R: 1.6 to T1, 2.8 to T2
Risk 2.05 pts, just under 1x ATR (2.14).
Why: four straight up days, crossed above EMA20 (111.94), EMA50 (111.03) and POC (111.23) on the same session. RSI moved from 44.2 to 50.8 - the bear-to-bull zone flip. Sits inside the broadest sector move on the board, with all five banks green and gilt yields at 18-year highs supporting margins.
Confluence: the 110.20 stop is beneath a dense EMA20/EMA50/POC cluster at 111.0-111.9 and beneath pivot S1 at 110.85. A break there voids the whole thesis in one move. T2 is the 52-week high at 117.90.
Caution: MACD is still bearish (-0.59 vs signal -0.35). This is a momentum-and-structure trade running slightly ahead of the oscillator.

3. HLN - HALEON - SHORT - NEW
Entry: 358.30 or a retest of 361-364 · Stop: 366.00 · T1: 343.63 · T2: 331.00 · R:R: 1.9 to T1, 3.5 to T2
Risk 7.70 pts, just over 1x ATR (7.39).
Why: the best risk-reward on the board. Haleon lost EMA20 (364.59), EMA50 (361.23) and EMA200 (361.00) in a single session and printed a MACD bearish crossover alongside. RSI fell 7.4 pts to 44.3.
Confluence: the three EMAs are stacked tightly at 361.0-364.6, so 366.00 invalidates all three breaks at once with one tight stop. It is sitting almost exactly on its POC (356.99, only 1.31 above) - lose that and there is a volume vacuum beneath.
Conviction: relative volume 0.96 is the highest of any decliner on the board. On a session where 34 of 40 names traded thin, this one had genuine participation behind the break.
Caution: ADX 13.2 means no established trend yet - this is the first move, so size accordingly.

4. BAE - BAE SYSTEMS - SHORT - CONTINUING
Entry: 1977.00 or a retest of 1979-1990 · Stop: 2010.00 · T1: 1931.75 · T2: 1880.00 · R:R: 1.4 to T1, 2.9 to T2
Risk 33 pts, 0.7x ATR (47.90).
Why: four consecutive down days, and Thursday it lost both EMA200 (1980.35) and POC (1979.76). RSI 33.6 is the second weakest reading on the board. Bearish below every EMA. ADX 28.8 is one of the highest on the board, which confirms this is a genuine trend rather than drift.
Confluence: EMA200 at 1980.35 and POC at 1979.76 sit within 0.6 pts of each other - a hard overhead ceiling. Anything below 1979 keeps the short valid. The stop at 2010 sits above classic R2 at 2004.70.
Caution: RSI 33.6 is approaching oversold; a bounce into 1979-1990 is the better entry than chasing the low. That is deliberately built into the entry range.

5. HSBA - HSBC - LONG - CONTINUING
Entry: 1561.60 · Stop: 1524.00 · T1: 1603.07 · T2: 1653.40 · R:R: 1.1 to T1, 2.4 to T2
Risk 37.6 pts, 1.3x ATR (29.18).
Why: fresh MACD bullish crossover plus a 4-day up streak. RSI 60.9 with room before overbought. Bullish above all EMAs and 65 pts clear of POC (1496.62). Only 5.6% from its 52-week high.
Confluence: stop sits below EMA20 (1527.65). T2 is the 52-week high at 1,653.40.
Caution: the weakest R:R of the five and relative volume was only 0.41. Best treated as a smaller add to the banks theme rather than a standalone position - LLOY offers better geometry for the same sector view.

Runner-up worth watching: GLEN (Glencore) - RSI 67.4, MACD bullish, bullish above all EMAs, ADX 24.4, only 2.2% from its 52-week high of 621.50. No clean entry at 607.78 because the 52-week high is too close overhead for good geometry. It becomes a trade on a decisive close above 621.50, targeting 640, stop 595.



INTRADAY SETUPS

1. HLN - CAMARILLA FADE - SHORT
Entry: 359.24 (cam R1) · Stop: 362.00 · T1: 355.49 (cam S3) · T2: 352.67 (cam S4) · R:R: 1.4 to T1, 2.4 to T2
Close 358.30 sits between cam S3 (355.49) and cam R1 (359.24) - Camarilla mean-reversion territory. Fade the rally into cam R1, which is also the underside of the freshly lost EMA50/EMA200 cluster at 361.0-361.2. Stop above cam R3 (361.11) at 362. Highest-conviction intraday short given the 0.96 relative volume.

2. NWG - PIVOT BOUNCE - LONG
Entry: 692.44 (pivot) · Stop: 688.50 · T1: 699.47 (R1) · T2: 703.15 (R2) · R:R: 1.8 to T1, 2.7 to T2
Triple confluence in a 2.8-pt band: classic pivot 692.44, cam S4 689.91, EMA20 689.68. A pullback into that zone is well supported. NatWest crossed above EMA20 with a 4-day up streak and sits in the strongest broad sector on the board. Stop below all three levels. Tight risk of 3.94 pts.

3. VOD - BREAKOUT - LONG
Entry: break and hold above 124.00 · Stop: 121.40 (cam S3) · T1: 126.32 (R2) · T2: 128.63 (R3) · R:R: 0.9 to T1, 1.8 to T2
Vodafone's Thursday high was exactly 124.00 - identical to its 52-week high. That is a hard, unambiguous breakout trigger. RSI 62.7, 4-day up streak, bullish above all EMAs, 8.25 above POC, and relative volume 0.89 is the second highest on the board. Requires a clean break; do not anticipate it. If it rejects 124.00, the alternative is a long at pivot 122.12 with a 120.20 stop.

4. LLOY - CAMARILLA RANGE - LONG
Entry: 111.60 (cam S3) · Stop: 110.90 · T1: 112.47 (cam R1) · T2: 112.90 (cam R3) · R:R: 1.2 to T1, 1.9 to T2
Close 112.25 sits inside the cam S3-R3 band (111.60-112.90), which is the classic range-bound Camarilla condition. Buy the S3 test. Extra weight because cam S3 at 111.60 lands right on the EMA20 (111.94) and POC (111.23) cluster - the exact zone Lloyds reclaimed on Thursday. Stop 110.90 sits below cam S4 (110.96).

5. BAE - POC AND EMA200 REJECTION - SHORT
Entry: 1979.71 (cam R1) · Stop: 1990.85 (classic R1) · T1: 1968.87 (cam S3) · T2: 1961.30 (classic S1) · R:R: 1.0 to T1, 1.7 to T2
The strongest confluence on the whole board: cam R1 (1979.71), POC (1979.76) and EMA200 (1980.35) all sit within 0.64 pts. That is a wall. Short the retest into it while price stays below. Stop above classic R1 at 1990.85.

Reversal watch - IMB (Imperial Brands): Thursday's low was 2465.00, exactly its 52-week low, yet it closed at 2524.00 near the session high of 2539.00 - a rejection candle at a major level, with a MACD bullish crossover. Not a setup yet given it remains bearish below all EMAs and 216 below POC, but a break above 2539.00 would trigger a long toward cam R4 (2564.70) then classic R2 (2583.33), stop 2503.00. Watch, do not pre-empt.



KEY LEVELS DASHBOARD

LLOY - LLOYDS - close 112.25
Cam: S4 110.96 · S3 111.60 · S1 112.03 || R1 112.47 · R3 112.90 · R4 113.54
Classic: S3 108.50 · S2 109.45 · S1 110.85 · Pivot 111.80 · R1 113.20 · R2 114.15 · R3 115.55
EMAs: 20 111.94 · 50 111.03 · 200 101.79 | POC 111.23 | ATR 2.14 | ADX 21.5
Prev H/L: 112.75 / 110.40 | 52w H/L: 117.90 / 79.18

INF - INFORMA - close 907.50
Cam: S4 890.56 · S3 899.03 · S1 904.68 || R1 910.32 · R3 915.97 · R4 924.44
Classic: S3 857.07 · S2 868.23 · S1 887.87 · Pivot 899.03 · R1 918.67 · R2 929.83 · R3 949.47
EMAs: 20 896.84 · 50 887.28 · 200 860.28 | POC 884.44 | ATR 17.74 | ADX 13.4
Prev H/L: 910.20 / 879.40 | 52w H/L: 1000.00 / 719.00

HLN - HALEON - close 358.30
Cam: S4 352.67 · S3 355.49 · S1 357.36 || R1 359.24 · R3 361.11 · R4 363.93
Classic: S3 343.63 · S2 349.41 · S1 353.86 · Pivot 359.64 · R1 364.09 · R2 369.87 · R3 374.32
EMAs: 20 364.59 · 50 361.23 · 200 361.00 | POC 356.99 | ATR 7.39 | ADX 13.2
Prev H/L: 365.43 / 355.20 | 52w H/L: 416.10 / 317.80

BAE - BAE SYSTEMS - close 1977.00
Cam: S4 1960.75 · S3 1968.87 · S1 1974.29 || R1 1979.71 · R3 1985.13 · R4 1993.25
Classic: S3 1931.75 · S2 1945.60 · S1 1961.30 · Pivot 1975.15 · R1 1990.85 · R2 2004.70 · R3 2020.40
EMAs: 20 2086.42 · 50 2055.60 · 200 1980.35 | POC 1979.76 | ATR 47.90 | ADX 28.8
Prev H/L: 1989.00 / 1959.45 | 52w H/L: 2360.00 / 1588.00

GLEN - GLENCORE - close 607.78
Cam: S4 598.27 · S3 603.02 · S1 606.19 || R1 609.37 · R3 612.54 · R4 617.30
Classic: S3 581.02 · S2 588.86 · S1 598.32 · Pivot 606.16 · R1 615.62 · R2 623.46 · R3 632.92
EMAs: 20 581.10 · 50 563.05 · 200 509.88 | POC 549.79 | ATR 15.80 | ADX 24.4
Prev H/L: 614.00 / 596.70 | 52w H/L: 621.50 / 284.00



BEARISH WARNINGS

1. HLN - Haleon - FRESH TRIPLE EMA BREAKDOWN
Lost EMA20, EMA50 and EMA200 in one session, plus a MACD bearish crossover. Relative volume 0.96 - the only decliner with real participation. Sitting 1.31 above POC (356.99). Losing that opens a volume vacuum toward 343.63. Highest-priority bearish signal on the board.

2. BAE Systems - EMA200 AND POC LOST
Fresh break below EMA200 (1980.35) and POC (1979.76) on day four of a down streak. RSI 33.6. ADX 28.8 confirms trend, not noise. 16.2% off its 52-week high.

3. RKT - Reckitt - DOUBLE EMA BREAK
Crossed below EMA20 (5151.16) and EMA200 (5209.52) on the same day, -2.5%, RSI -7.0 to 47.8. Now 21.8% off the 52-week high. Only EMA50 (5087.41) stands between price and open air - watch 5087.

4. ADM - Admiral - SHARPEST MOMENTUM COLLAPSE
RSI -8.2 on the day, -15.7 on the week. Down 4.81% over five sessions. Crossed below EMA20 (3911.78). Important caveat: Admiral is one of six FTSE 100 names going ex-dividend this month, so a chunk of this move is mechanical. Verify the ex-date before acting - do not short a dividend adjustment.

5. BNZL - Bunzl - EMA50 LOST
Crossed below EMA50 (2713.70), RSI down 15.1 pts on the week to 37.1 - the fourth weakest on the board. Only 7.1% off its 52-week high, so there is a long way it could fall before it looks cheap.

6. NG - National Grid - WEAKEST RSI, REAL VOLUME
RSI 36.9, bearish below all EMAs, 63 below POC, 19.7% off its high. Relative volume 1.07 - the second highest on the board and the only genuine selling among the bearish names. With 30-year gilts at 5.85%, the bond-proxy trade stays under pressure. No bounce case here yet.

7. SSE - MACD BEARISH CROSSOVER
Fresh MACD bearish cross, RSI 46.2 and down 10.2 pts on the week, below EMA20 and EMA50, below POC. Same utility/rates pressure as National Grid.

Structurally weakest names (below all EMAs): BAE (RSI 33.6), NG (36.9), IMB (38.2), RTO (39.6), HLN (44.3), BATS (44.2), GSK (45.1), CPG (45.9).



EVENTS CALENDAR

Today - Friday 04 September
US Non-Farm Payrolls - the week's biggest macro event and the main risk to any position held over the close. Fed governor Waller's dovish tone on Thursday set expectations; a hot print reverses that and hits rate-sensitive UK names hardest.

Ongoing this week
Brent crude around $95 following Monday's Strait of Hormuz tanker strike. Any escalation lifts SHEL and BP and pressures CPG, ABF, TSCO and the airlines. De-escalation reverses it.
UK gilt yields near 18-year highs - 10-year 5.27%, 30-year 5.85%. This is the single dominant driver of the sector split on this board: banks bid, utilities and bond-proxy staples sold.

Ex-dividend - September
Six FTSE 100 names go ex-dividend this month, together just over 3% of the index by weight: Aviva, Admiral, Prudential, Antofagasta, Endeavour Mining and Lion Finance. Four of those (AV, ADM, PRU, ANTO) are on this board. Check individual ex-dates before trading them - ADM's -2.34% Thursday and AV's -1.09% both look like candidates for a mechanical adjustment rather than a technical signal. This is exactly the distortion that produces false bearish readings.

Earnings
No major FTSE 100 reports scheduled among the 40 tracked names for Friday 04 September. Interim results season has largely concluded - PRU already reported, with a 15% interim dividend increase to 8.88 US cents.



HOW TO READ THIS SESSION

Three things stand out.

First, the bank and miner leadership is real and broad. Nine names across the two groups, all green, nearly all bullish above every EMA and above POC. That is not noise - it is the rates-and-commodities regime expressing itself. LLOY and NWG give the cleanest entries.

Second, the media/information bounce is the day's biggest move but the weakest signal. WPP, LSEG, REL and INF averaged +4%, yet all four traded on relative volume below 0.8, three of four still have bearish MACD, and every one of them is deeply off its 52-week high. INF is the exception worth trading because it flipped all three EMAs and POC at once. Treat the rest as a bounce until proven otherwise.

Third, the breakdowns are more actionable than the breakouts. HLN and BAE both broke real structure on real levels, and HLN is the only name in the entire universe where a decline came with genuine volume. In a session where 20 of 40 names traded below half their average volume, that matters.

The overriding caution: participation was thin across the board and today's NFP print can invalidate any of this in a single move. These are Thursday's closing levels, not Friday's prices. Size for the fact that the market has not yet voted on the jobs number.



Not financial advice. Always DYOR. Capital at risk.

Thursday 3 September 2026
Data: close Wed 2 Sep 2026 (latest scanner snapshot, 40 FTSE 100 names) · UKX cash close: 10,756.45 (-32.83, -0.3%) · FTSE 100 futures: 10,839.2 (Investing.com UK-100 front future, quoted 3 Sep; open 10,821.8, range 10,816.0-10,868.0)



MARKET OVERVIEW

London closed lower on Wednesday, the FTSE 100 down 32.83 points to 10,756.45, as Brent pushed above $95 and gilt yields rose. Oil has been the dominant driver all week after US strikes around the Strait of Hormuz and Iranian retaliation against US bases in Jordan, the UAE, Kuwait, Bahrain and Iraqi Kurdistan.

Futures caveat - read this before sizing. The live UK-100 future prints 10,839.2, roughly 83 points ABOVE the cash close. FTSE futures normally trade BELOW spot on the dividend discount, so a print this far above cash is either a genuine overnight relief bid or a contract-roll artefact. Wire copy overnight was mixed: one report had London set to open lower on progress in indirect US-Iran talks in Doha, but that piece quoted an index base of 10,466 which does not reconcile with Wednesday's 10,756.45 close and is therefore stale. Treat direction as UNCONFIRMED - the honest read is cautiously firmer with high headline risk, not a clean gap up. Do not lean on the futures number for bias; wait for the cash open.

Macro today: UK S&P Global Services PMI final (August flash 52.8, a six-month high), US ISM Non-Manufacturing and US initial jobless claims. Friday brings US non-farm payrolls, which is the real event risk this week. BoE Bank Rate is 3.75% after the 30 July hold; UK CPI was 2.9% in July.

Breadth on the snapshot: 16 names BULLISH on EMAs, 15 BEARISH, 9 MIXED. Advancers 14, decliners 26. That is a defensive tape with leadership narrowly concentrated in banks, miners and energy.



NOTABLE CHANGES (vs Tue 1 Sep)

EXPN -3.06% - the day's worst. Crossed BELOW EMA20 AND BELOW EMA200 in one session, MACD bearish crossover, RSI -7.1 to 49.2, third down day, -5.42% on the week. A genuine regime change.

LSEG -2.46% - crossed BELOW EMA20 and EMA50 together, now below all three EMAs. RSI -6.8 to 46.6. Third down day. Closed at 8626 against a POC of 8625 - sitting exactly on volume support.

RKT -2.65% - biggest RSI drop in the universe, -9.5 points to 54.8, on a single bar. Still above all three EMAs, so this is a hit to momentum rather than trend - yet.

STAN +2.17% - the day's best. Crossed BACK ABOVE EMA20, RSI +6.1 to 55.3, +2.93% on the week. Now above all three EMAs and 2.3% off its 52-week high.

ANTO +1.07% - triple upgrade: crossed ABOVE EMA20, ABOVE EMA50 and ABOVE POC in one session. MACD bullish. Note the ex-dividend below.

SSE -1.79% - crossed BELOW EMA20 and BELOW POC, RSI -5.6 to 45.0. Second down day.

REL -2.11% - crossed BELOW EMA20. INF crossed BELOW POC. BNZL crossed ABOVE EMA50 on the heaviest relative volume in the set (rv 1.45).

Four-day down streaks: RIO, III, ABF. Heavy volume flag: PRU rv 1.75 on a nearly flat close - accumulation or distribution, watch the follow-through.



SECTOR HEATMAP (average daily change)

Telecom +1.10% - VOD +1.10 alone, but above all EMAs and only 3.1% off its 52-week high.
Banks +0.70% - STAN +2.17, NWG +0.87, HSBA +0.69, LLOY +0.09, BARC -0.33. The clear leadership group. Four of five above EMA200.
Miners +0.30% - ANTO +1.07, AAL +0.57, RIO -0.08, GLEN -0.38. All four above all three EMAs. Sector-wide strength.
Energy -0.01% - SHEL +0.28, BP -0.31. Both above all EMAs, both leveraged to the oil headline.
Insurance/Life -0.14% - ADM +0.41, PRU +0.15, AV -0.16, LGEN -0.94. Split.
Industrials/Support -0.51% - BAE -1.64 and III -1.14 dragging.
Pharma/Health -0.57% - HLN -1.27, GSK -0.53, AZN +0.08. GSK and AZN both below all three EMAs.
Staples/Consumer -0.61% - RKT -2.65 the outlier; DGE +1.20 the one bright spot.
Tobacco -1.26% - BATS -1.39, IMB -1.14. Both below all EMAs. IMB is 1.7% off its 52-week low.
Utilities -1.52% - SSE -1.79, NG -1.24. Both below all EMAs. Rising gilt yields doing the damage.
Media/Data/Software -1.90% - the worst sector by a distance and it moved as a bloc: EXPN -3.06, LSEG -2.46, REL -2.11, WPP -1.66, SGE -1.49, INF -0.61. Six of six red. This is the standout correlated move of the session.



DAILY TECHNICAL SIGNALS

Format: Ticker · Close · Day% · Trend (strict EMA) · RSI · MACD · % from 52w high · vs POC

STAN 2210.00 +2.17% · BULLISH above all · RSI 55.3 (+6.1) · MACD bearish · -2.3% · +4.3% above POC
VOD 120.00 +1.10% · BULLISH above all · RSI 57.1 · MACD bearish · -3.1% · +5.2% above POC
ANTO 3868.00 +1.07% · BULLISH above all · RSI 50.9 · MACD bullish · -13.6% · +0.9% above POC
HSBA 1540.80 +0.69% · BULLISH above all · RSI 56.3 · MACD bearish · -6.8% · +3.3% above POC
AAL 4136.50 +0.57% · BULLISH above all · RSI 57.9 · MACD bullish · -4.3% · +7.5% above POC
ADM 3952.00 +0.41% · BULLISH above all · RSI 55.7 · MACD bearish · -4.3% · +7.5% above POC
SHEL 3439.50 +0.28% · BULLISH above all · RSI 61.2 · MACD bearish · -4.2% · +8.2% above POC · rv 1.21
RIO 7573.00 -0.08% · BULLISH above all · RSI 57.7 · MACD bullish · -16.9% · +4.9% above POC
AV 732.46 -0.16% · BULLISH above all · RSI 62.8 · MACD bearish · -1.1% · +7.6% above POC
TSCO 469.20 -0.28% · BULLISH above all · RSI 53.6 · MACD bullish · -9.9% · +1.0% above POC
BP 541.50 -0.31% · BULLISH above all · RSI 55.7 · MACD bearish · -11.1% · +5.1% above POC
GLEN 595.90 -0.38% · BULLISH above all · RSI 62.8 · MACD bullish · -4.1% · +8.8% above POC
ULVR 4773.00 -0.68% · BULLISH above all · RSI 56.8 · MACD bullish · -13.6% · +3.6% above POC
HLN 366.00 -1.27% · BULLISH above all · RSI 51.7 (-5.4) · MACD bullish · -12.0% · +2.7% above POC
SGE 1054.50 -1.49% · BULLISH above all · RSI 55.2 · MACD bearish · -10.7% · +14.2% above POC
RKT 5226.00 -2.65% · BULLISH above all · RSI 54.8 (-9.5) · MACD bullish · -19.8% · +4.3% above POC

DGE 1693.00 +1.20% · MIXED, below EMA20, above EMA50, above EMA200 · RSI 50.6 · MACD bearish · -17.5% · +4.8% above POC
NWG 687.80 +0.87% · MIXED, below EMA20, above EMA50, above EMA200 · RSI 50.2 · MACD bearish · -5.3% · +2.3% above POC
BNZL 2728.00 +0.55% · MIXED, below EMA20, above EMA50, above EMA200 · RSI 44.1 · MACD bearish · -5.7% · +2.3% above POC · rv 1.45
RR. 1470.20 +0.29% · MIXED, below EMA20, above EMA50, above EMA200 · RSI 45.1 · MACD bearish · -7.3% · +2.0% above POC
ABF 2027.00 -0.64% · MIXED, below EMA20, above EMA50, above EMA200 · RSI 46.2 · MACD bearish · -14.1% · +2.0% above POC
III 2772.00 -1.14% · MIXED, below EMA20, above EMA50, below EMA200 · RSI 47.5 · MACD bearish · -38.4% · +6.1% above POC
WPP 361.90 -1.66% · MIXED, below EMA20, above EMA50, above EMA200 · RSI 50.0 · MACD bearish · -12.3% · +14.3% above POC
REL 2582.39 -2.11% · MIXED, below EMA20, above EMA50, below EMA200 · RSI 49.2 · MACD bullish · -27.9% · +2.6% above POC
EXPN 2880.00 -3.06% · MIXED, below EMA20, above EMA50, below EMA200 · RSI 49.2 (-7.1) · MACD bearish · -27.8% · +6.2% above POC

PRU 1004.50 +0.15% · BEARISH below all · RSI 40.8 · MACD bearish · -18.9% · -2.1% below POC · rv 1.75
LLOY 110.55 +0.09% · BEARISH below 20/50 · RSI 44.2 · MACD bearish · -6.2% · -0.4% below POC
AZN 11998.00 +0.08% · BEARISH below all · RSI 45.4 · MACD bullish · -23.7% · -4.7% below POC
BARC 484.30 -0.33% · BEARISH below 20/50 · RSI 37.4 · MACD bearish · -10.0% · -4.3% below POC
RTO 355.20 -0.39% · BEARISH below all · RSI 41.2 · MACD bullish · -29.9% · -9.1% below POC
GSK 1865.50 -0.53% · BEARISH below all · RSI 44.0 · MACD bearish · -18.3% · -3.7% below POC
INF 881.20 -0.61% · BEARISH below 20/50 · RSI 43.3 · MACD bearish · -11.9% · -0.3% below POC
CPG 3050.00 -0.72% · BEARISH below all · RSI 41.1 · MACD bearish · -18.6% · -4.8% below POC
LGEN 287.56 -0.94% · BEARISH below 20/50 · RSI 41.0 · MACD bearish · -9.6% · -1.8% below POC
IMB 2519.00 -1.14% · BEARISH below all · RSI 37.2 · MACD bullish · -24.6% · -8.2% below POC
NG 1153.00 -1.24% · BEARISH below all · RSI 38.3 · MACD bearish · -19.3% · -4.8% below POC
BATS 4111.00 -1.39% · BEARISH below all · RSI 40.3 · MACD bullish · -17.8% · -7.7% below POC
BAE 1985.00 -1.64% · BEARISH below 20/50 · RSI 34.4 · MACD bearish · -15.9% · +0.3% above POC
SSE 2364.00 -1.79% · BEARISH below 20/50 · RSI 45.0 (-5.6) · MACD bullish · -17.3% · -1.5% below POC
LSEG 8626.00 -2.46% · BEARISH below all · RSI 46.6 (-6. · MACD bullish · -14.9% · 0.0% at POC

Note: BAE at RSI 34.4 is the most oversold name in the set; IMB at 37.2 and BARC at 37.4 follow.



TOP SWING SETUPS

1. STAN LONG - NEW (triggered Wednesday)
Entry: 2210 market, or 2180-2190 on a pullback to EMA20 · Stop: 2155 · T1: 2262 · T2: 2320 · R:R: 2.0 to T2
Why: best performer on the day at +2.17%, crossed back ABOVE EMA20 (2178.36) so it is now above all three EMAs, RSI +6.1 to 55.3, +2.93% on the week. Sits 4.3% above POC 2119.74 with clean air to the 52-week high at 2262. Confluence: stop sits below Camarilla S4 (2175.46), EMA20 (2178.36) and Wednesday's low (2159.20) - three levels in a 20-point band. Banks are the leadership sector. ATR 52.89, so size for a full-ATR adverse day.

2. AAL LONG - CONTINUING
Entry: 4136 market, or 4050-4080 on a dip · Stop: 4030 · T1: 4321 · T2: 4450 · R:R: 1.7 to T1, 3.9 to T2
Why: above all three EMAs with a genuine MACD bullish reading (110.51 over 103.61), RSI 57.9, only 4.3% off the 52-week high, and 7.5% above POC 3849.35 so the volume shelf is well below. All four miners in the set are above all three EMAs - this is a sector move, not a single name. Stop below Wednesday's low 4042.00 and Camarilla S4 4056.20. ATR 133.39 - wide, size accordingly.

3. SHEL LONG - CONTINUING (but oil-headline hostage)
Entry: 3400-3420 on a pullback, not at market · Stop: 3350 · T1: 3515 · T2: 3591 · R:R: 1.9 to T1, 3.2 to T2
Why: strongest RSI in the set at 61.2, above all three EMAs, +3.88% on the week, three consecutive up days, and the only conviction volume among the leaders (rv 1.21). POC 3179.78 is 8.2% below - deep support but a long way down. Warning: the entire move is Brent above $95 on Hormuz risk. If the Doha talks produce a de-escalation headline, this trade is the first casualty. Wait for the pullback, do not chase, and cut fast on an oil reversal.

4. EXPN SHORT - NEW (triggered Wednesday)
Entry: 2880 market, or 2900-2915 on a bounce into EMA20 · Stop: 2960 · T1: 2824 · T2: 2711 · R:R: 0.7 to T1, 2.1 to T2
Why: the cleanest fresh breakdown on the board. Lost EMA20 (2917.46) AND EMA200 (2900.70) in a single -3.06% session, MACD bearish crossover, RSI -7.1 to 49.2, third consecutive down day, -5.42% on the week. It is still above EMA50 at 2824.20 - that is T1 and the decision point. Below it, POC 2711.41 is the magnet. Stop above Wednesday's high 2956.00. Media/data was the worst sector at -1.90% with all six constituents red, so the tape supports the direction.

5. LSEG SHORT - NEW, but wait for confirmation
Entry: only on a break and close below 8562 · Stop: 8790 · T1: 8412 · T2: 8263 · R:R: 1.5 to T2
Why: crossed BELOW EMA20 and EMA50 in one session and is now below all three EMAs, RSI -6.8 to 46.6, third down day. But the close of 8626.00 is within 1 point of POC 8625.05 - it is sitting exactly on its 60-day volume shelf, which is where bounces happen. Do NOT short into that level. Wait for a close below Wednesday's low 8562.00 to confirm the shelf has failed. ATR 257.82 is the widest in the set - this one moves 3% a day, so half size.



INTRADAY SETUPS

A. SHEL - Camarilla range long
Direction: LONG · Entry: 3426 (Cam S3) · Stop: 3412 (below Cam S4) · T1: 3444 (Cam R1) · T2: 3453 (Cam R3) · R:R: 1.9 to T2
Why: classic Camarilla mean-reversion inside a tight range - the S3-to-R3 band is only 27 points wide on a 58-point ATR, so the levels get hit early. Trend is up on all three EMAs and yesterday's volume was above average. Skip this one if oil gaps lower at the open.

B. EXPN - Camarilla breakdown short
Direction: SHORT · Entry: break below 2836 (Cam S4) · Stop: 2860 (above Cam S3) · T1: 2800 · T2: 2774 (classic S3) · R:R: 2.6 to T2
Why: Camarilla breakout logic applies when momentum is already established, and EXPN has it - fresh double EMA breakdown, MACD cross, three down days. A move through S4 confirms continuation rather than range. Note EMA50 sits at 2824.20 inside this range and may cushion the first attempt.

C. AAL - Camarilla breakout long
Direction: LONG · Entry: break above 4217 (Cam R4) · Stop: 4176 (below Cam R3) · T1: 4270 · T2: 4321 (52-week high) · R:R: 2.5 to T2
Why: needs a push through Wednesday's high 4188.00 first, so this only triggers on genuine strength. Above R4 the next real resistance is the 52-week high. Sector confirmation from all four miners.

D. RIO - Camarilla range long
Direction: LONG · Entry: 7520 (Cam S3) · Stop: 7460 (below Cam S4) · T1: 7591 (Cam R1) · T2: 7626 (Cam R3) · R:R: 1.8 to T2
Why: above all three EMAs with MACD bullish, but on a four-day down streak and very thin relative volume (rv 0.19). Thin volume means wider slippage - use the S4 stop, not a tighter one. Buying dips in an uptrending name inside its Camarilla range.

E. BARC - Camarilla range short
Direction: SHORT · Entry: 487.4 (Cam R3) · Stop: 491.0 (above Cam R4) · T1: 482.2 (pivot) · T2: 478.0 (Cam S4) · R:R: 2.6 to T2
Why: the weakest bank - RSI 37.4, below EMA20 (500.67) and EMA50 (500.22), and 4.3% BELOW its POC of 506.16, which now acts as overhead supply. Fading strength into Camarilla R3 in a downtrending name. Counter-argument: banks were the leadership sector on the day, so keep this one small and take T1.



KEY LEVELS DASHBOARD

STAN 2210.00
Cam: S4 2175.46 · S3 2192.73 · S1 2204.24 || R1 2215.76 · R3 2227.27 · R4 2244.54
Classic: S3 2109.33 · S2 2134.27 · S1 2172.13 · Pivot 2197.07 · R1 2234.93 · R2 2259.87 · R3 2297.73
EMAs: 20 2178.36 · 50 2132.03 · 200 1875.48 · POC 2119.74
Prev H/L 2222.00 / 2159.20 · 52w H/L 2262.00 / 1351.50 · ATR 52.89

SHEL 3439.50
Cam: S4 3412.83 · S3 3426.16 · S1 3435.05 || R1 3443.95 · R3 3452.84 · R4 3466.18
Classic: S3 3369.83 · S2 3397.17 · S1 3418.33 · Pivot 3445.67 · R1 3466.83 · R2 3494.17 · R3 3515.33
EMAs: 20 3357.07 · 50 3281.58 · 200 3100.67 · POC 3179.78
Prev H/L 3473.00 / 3424.50 · 52w H/L 3591.50 / 2553.77 · ATR 58.85

AAL 4136.50
Cam: S4 4056.20 · S3 4096.35 · S1 4123.12 || R1 4149.88 · R3 4176.65 · R4 4216.80
Classic: S3 3910.33 · S2 3976.17 · S1 4056.33 · Pivot 4122.17 · R1 4202.33 · R2 4268.17 · R3 4348.33
EMAs: 20 4038.22 · 50 3896.34 · 200 3520.97 · POC 3849.35
Prev H/L 4188.00 / 4042.00 · 52w H/L 4321.00 / 2247.00 · ATR 133.39

EXPN 2880.00
Cam: S4 2836.55 · S3 2858.28 · S1 2872.76 || R1 2887.24 · R3 2901.73 · R4 2923.45
Classic: S3 2773.67 · S2 2825.33 · S1 2852.67 · Pivot 2904.33 · R1 2931.67 · R2 2983.33 · R3 3010.67
EMAs: 20 2917.46 · 50 2824.20 · 200 2900.70 · POC 2711.41
Prev H/L 2956.00 / 2877.00 · 52w H/L 3987.00 / 2324.00 · ATR 92.54

LSEG 8626.00
Cam: S4 8485.20 · S3 8555.60 · S1 8602.53 || R1 8649.47 · R3 8696.40 · R4 8766.80
Classic: S3 8263.33 · S2 8412.67 · S1 8519.33 · Pivot 8668.67 · R1 8775.33 · R2 8924.67 · R3 9031.33
EMAs: 20 8734.89 · 50 8755.70 · 200 8932.75 · POC 8625.05
Prev H/L 8818.00 / 8562.00 · 52w H/L 10140.00 / 6684.00 · ATR 257.82



BEARISH WARNINGS

Fresh breakdowns (triggered Wednesday - highest priority):
EXPN - lost EMA20 and EMA200 in one session plus a MACD bearish cross. The single worst technical day in the universe.
LSEG - lost EMA20 and EMA50 together, now below all three. Only the POC at 8625 is holding it up.
SSE - lost EMA20 and lost POC. Utilities are being sold as gilt yields rise.
REL - lost EMA20, second media/data name to break down in as many days.
INF - lost POC.

Deteriorating, watch closely:
IMB 2519.00 - below all three EMAs, 8.2% below POC, RSI 37.2, and just 1.7% above its 52-week low of 2476.00. A break there opens fresh downside with no reference support. The MACD bullish reading is only a less-negative crossover, not strength.
BAE 1985.00 - RSI 34.4, the most oversold name here, -5.11% on the week, three down days. Sitting on a genuine confluence floor: EMA200 at 1980.37 and POC at 1979.16 are 1 point apart, 5 points below the close. That level either holds and produces a bounce, or it fails and BAE joins the below-all-EMAs group. No trade until it resolves.
RTO 355.20 - below all EMAs, 9.1% below POC, 29.9% off the 52-week high and only 7.8% above the 52-week low. Structurally broken.
BATS 4111.00 - below all EMAs, 7.7% below POC. Tobacco sector -1.26% as a bloc.
NG 1153.00 - below all EMAs, 4.8% below POC, RSI 38.3. Yield-sensitive.
BARC 484.30 - below EMA20 and EMA50, RSI 37.4, 4.3% below POC. The one bank not participating.
AZN 11998.00 and GSK 1865.50 - both below all three EMAs, both below POC. Pharma is not providing its usual defensive bid.
CPG 3050.00 - below all EMAs, RSI 41.1. Note: raw feed quoted this in pounds; all CPG figures here have been rescaled x100 to pence to match the .GB_SB quote.
PRU 1004.50 - below all EMAs and the heaviest relative volume in the set (rv 1.75) on a flat close. Goes ex-dividend 10 September.

Momentum warning: RKT lost 9.5 RSI points in a single session on a -2.65% day. Still above all three EMAs so the trend is intact, but that is the fastest deterioration on the board. If it loses EMA20 at 5157.55 the trend call flips.



EVENTS CALENDAR

Today, Thursday 3 September
UK S&P Global / CIPS Services PMI, final August reading. Flash was 52.8, up from 52.1 in July and the fastest since February. A downward revision would hit domestic cyclicals and the banks.
US ISM Non-Manufacturing PMI and US initial jobless claims - both feed straight into Friday's payrolls positioning.
ANTO goes ex-dividend today - interim of 30.1 US cents, roughly 22.1p, payable 30 September. Expect a mechanical gap down of about 0.6% at the open. Do not read that as a technical breakdown, and do not let it stop you out of a miner position.

Friday 4 September
US non-farm payrolls. The week's dominant event risk. Reduce or hedge intraday exposure into the release.

Next week
Wednesday 10 September - PRU ex-dividend, payable 22 October.
Bank of England: Bank Rate currently 3.75% after the 30 July hold, with UK CPI at 2.9% in July. The next MPC decision falls in mid-September - confirm the exact date against the BoE calendar before positioning rate-sensitive names such as the banks, SSE and NG.

Ongoing
The US-Iran situation around the Strait of Hormuz remains the single largest driver of this index. Brent above $95 is supporting SHEL and BP and pressuring everything else. Indirect talks in Doha are reportedly making progress. Any credible de-escalation headline reverses the energy trade and lifts the broader market - and any escalation does the opposite. Both energy longs above are headline-dependent by construction.



METHOD NOTES

Universe: 40 FTSE 100 constituents, selected by constituent membership rather than by timestamp (the webhook feed carries crossed US/NASDAQ entries at later timestamps which are excluded here). Two qualifying scanner entries for 2 September were merged.
All EMA trend labels were re-verified programmatically against close-versus-each-EMA: 40 of 40 checked, zero mismatches.
CPG failed the pence-scale guard (quoted below 100) and all its price fields were multiplied by 100.
Data is Wednesday 2 September's close. These are not Thursday's live levels.



Not financial advice. Always DYOR. Capital at risk.

Wednesday 02 September 2026
Data: close Tuesday 01 Sep 2026 (latest scanner snapshot, 40 names) Note: 31 Aug was the UK Summer Bank Holiday, so day-over-day = 01 Sep vs 28 Aug.
UKX: 10,734 close 01 Sep, -0.83% (Trading Economics GB100). Prior close 28 Aug: 10,824.26.
Futures: FTSE 100 futures data unavailable - no reliable 02 Sep print verified. Direction read from news tone only.



MARKET OVERVIEW

The FTSE reopened after the Bank Holiday and gave back 0.83% to 10,734. Two forces are pulling in opposite directions and the index is caught between them.

Supportive: Brent crude above 91 dollars on renewed US-Iran and Hormuz tension. That is why the entire index-level loss was masked - BP and Shell were the only two sectors doing real work.

Hostile: the UK 10-year gilt yield pushed above 5.21%, the highest since June 2008, with the 2-year at 4.50%. Markets now price roughly 32bp of BoE tightening by year-end, a November hike near 70% likely. BRC shop price inflation accelerated to 1.5% year-on-year in August, food at 2.8%, a two-year high. August manufacturing PMI expanded at its slowest pace since March.

Bloomberg is carrying UK stocks set for fresh losses as inflation worries rise for the 02 Sep session. Treat the bias as lower-to-flat unless oil rolls over.

Today is also the FTSE UK Index Series September quarterly review - the review used the close of 01 Sep and confirmed rebalance changes are announced after the London close TODAY. Expect index-tracker flow into names near the promotion and relegation boundary, with the rebalance effective after the close on Friday 18 September.

Verification: all 40 EMA classifications below were programmatically re-checked close-vs-EMA20/50/200. Zero mismatches. CPG was pence-scale corrected (quoted in pounds in the raw feed, all price fields multiplied by 100).

Data-integrity note: the compare.php endpoint is currently returning ONLY US and NASDAQ-100 tickers (BKNG, PANW, SNPS, CDNS, PYPL and similar) - zero FTSE constituents. The day-over-day comparison in this report was therefore rebuilt manually from the raw scanner feed rather than taken from compare.php. Worth fixing at source.



NOTABLE CHANGES

BP +5.58% to 543.20
Crossed ABOVE EMA20 and EMA50 in a single session. RSI +11.9 to 56.5. Relative volume 1.40 - the heaviest in the universe, so this is genuine institutional buying, not a drift. Now BULLISH above all three EMAs and above POC 515.31.

ANTO -5.25% to 3827
Crossed BELOW EMA20, EMA50 and POC on the same day. RSI -8.7 to 49.0. The cleanest breakdown in the list. Now BEARISH below EMA20/50.

RKT +4.60% to 5368
Crossed ABOVE EMA200 (5210.57) plus a MACD bullish crossover. RSI +13.4 to 64.3, the largest RSI gain in the set. Caveat: relative volume only 0.76 - thin, so widen stops.

RR. -4.20% to 1465.97
Crossed BELOW EMA20. RSI -11.3, the largest single-day RSI drop. Still above EMA50 and EMA200 so this is a first crack, not a trend break yet.

TSCO +2.89% to 470.50
The biggest regime change of the day - crossed ABOVE EMA20, EMA50, EMA200 AND POC, with a MACD bullish crossover, closing on the session high. Full flip from bearish to bullish. Caveat: relative volume 0.38, very thin.

WPP -3.82% to 368.00
Crossed BELOW EMA20 with ADX 37.3 - the second strongest trend reading in the set, and it is now pointing down.

BNZL -2.83% to 2713
Crossed BELOW EMA50. RSI -11.1 and relative volume 1.21 - heavy. This is real distribution, not drift. Was at its 52-week high of 2894 only days ago.

AAL -3.65% to 4113
Big drop but NO EMA crossed - still bullish above all three. Relative volume 0.31, extremely thin. Low-conviction pullback within an uptrend, which makes it a dip-buy candidate rather than a warning.



SECTOR HEATMAP

Average daily change by sector, 01 Sep:

Energy +4.07% - BP +5.58, SHEL +2.56. The only sector doing real work. Brent above 91.
Consumer Staples and Retail +0.93% - RKT +4.60, TSCO +2.89, BATS +0.97, IMB +0.83, ULVR +0.62, CPG +0.23, ABF -0.58, DGE -2.11. Broad defensive bid.
Pharma and Health +0.67% - GSK +1.19, HLN +0.68, AZN +0.15.
Banks -0.37% - LLOY +0.45, NWG +0.37, HSBA +0.12, STAN -0.64, BARC -2.16. Split: the domestic lenders held, BARC broke.
Utilities and Telecom -0.57% - VOD +0.21, NG -0.21, SSE -1.71.
Insurance and Life -1.07% - AV +0.44, LGEN -1.06, PRU -1.47, ADM -2.19.
Industrials and Defence -1.29% - RTO +3.15, BAE -1.27, BNZL -2.83, RR. -4.20.
Media, Data and Financials -1.95% - III -0.85, REL -1.27, INF -1.64, LSEG -1.73, SGE -1.97, EXPN -2.40, WPP -3.82. Seven of seven red. The clearest cluster move of the day.
Mining -2.43% - GLEN +0.43, RIO -1.24, AAL -3.65, ANTO -5.25. Copper names led the fall.

The rotation is unambiguous: money moved out of long-duration media, data and information services and out of industrial metals, and into energy, staples and pharma. That is exactly what you would expect with the 10-year gilt at a 2008 high and a November BoE hike being priced. Long-duration cash flows are being repriced.



DAILY TECHNICAL SIGNALS

Format: TICKER close ch% RSI (dRSI) MACD ADX rv %off52wHigh vsPOC - TREND

BP 543.20 +5.58 RSI 56.5 (+11.9) MACD bear ADX 19.9 rv 1.40 -10.9% ABOVE POC - BULLISH above all EMAs
RKT 5368 +4.60 RSI 64.3 (+13.4) MACD bull ADX 13.4 rv 0.76 -17.6% ABOVE POC - BULLISH above all EMAs
RTO 356.60 +3.15 RSI 42.1 (+9.9) MACD bull ADX 36.3 rv 0.75 -29.7% BELOW POC - BEARISH below all EMAs
TSCO 470.50 +2.89 RSI 54.6 (+11.7) MACD bull ADX 29.4 rv 0.38 -9.6% ABOVE POC - BULLISH above all EMAs
SHEL 3430 +2.56 RSI 60.4 (+8.0) MACD bear ADX 30.0 rv 1.25 -4.5% ABOVE POC - BULLISH above all EMAs
GSK 1875.50 +1.19 RSI 45.6 (+5.4) MACD bear ADX 10.8 rv 0.63 -17.8% BELOW POC - BEARISH below all EMAs
BATS 4169 +0.97 RSI 43.3 (+2.6) MACD bull ADX 25.8 rv 0.72 -16.7% BELOW POC - BEARISH below all EMAs
IMB 2548 +0.83 RSI 40.0 (+3.5) MACD bear ADX 27.6 rv 0.37 -23.7% BELOW POC - BEARISH below all EMAs
HLN 370.70 +0.68 RSI 57.1 (+3.1) MACD bull ADX 13.8 rv 1.02 -10.9% ABOVE POC - BULLISH above all EMAs
ULVR 4805.50 +0.62 RSI 59.9 (+1.6) MACD bull ADX 12.9 rv 0.78 -13.0% ABOVE POC - BULLISH above all EMAs
LLOY 110.45 +0.45 RSI 43.8 (+3.1) MACD bear ADX 22.3 rv 0.81 -6.3% BELOW POC - BEARISH below EMA20/50, above EMA200
AV 733.60 +0.44 RSI 63.6 (+1.6) MACD bear ADX 22.6 rv 0.91 -0.9% ABOVE POC - BULLISH above all EMAs
GLEN 598.15 +0.43 RSI 64.2 (+2.2) MACD bull ADX 23.8 rv 0.55 -3.8% ABOVE POC - BULLISH above all EMAs
NWG 681.90 +0.37 RSI 46.5 (+1.1) MACD bear ADX 16.0 rv 0.50 -6.1% ABOVE POC - MIXED below EMA20, above EMA50 and EMA200
CPG 3072 +0.23 RSI 42.9 (+0.2) MACD bear ADX 14.3 rv 0.72 -18.0% BELOW POC - BEARISH below all EMAs
VOD 118.70 +0.21 RSI 53.8 (+2.4) MACD bear ADX 11.6 rv 0.34 -4.1% ABOVE POC - BULLISH above all EMAs
AZN 11988 +0.15 RSI 45.2 (0.0) MACD bull ADX 29.6 rv 0.62 -23.8% BELOW POC - BEARISH below all EMAs
HSBA 1530.20 +0.12 RSI 53.6 (+0.1) MACD bear ADX 15.0 rv 0.80 -7.5% ABOVE POC - BULLISH above all EMAs
NG 1167.50 -0.21 RSI 42.1 (-1.0) MACD bear ADX 12.0 rv 0.76 -18.3% BELOW POC - BEARISH below all EMAs
ABF 2040 -0.58 RSI 48.7 (-2.9) MACD bear ADX 12.9 rv 0.66 -13.5% ABOVE POC - MIXED below EMA20, above EMA50 and EMA200
STAN 2163 -0.64 RSI 49.2 (-2.7) MACD bear ADX 10.9 rv 0.34 -4.4% ABOVE POC - MIXED below EMA20, above EMA50 and EMA200
III 2804 -0.85 RSI 50.8 (-1.9) MACD bear ADX 20.4 rv 0.51 -37.6% ABOVE POC - MIXED below EMA20, above EMA50, below EMA200
LGEN 290.30 -1.06 RSI 43.9 (-2.5) MACD bear ADX 17.8 rv 0.52 -8.7% BELOW POC - BEARISH below EMA20/50, above EMA200
RIO 7579 -1.24 RSI 58.0 (-4. MACD bull ADX 19.4 rv 0.39 -16.9% ABOVE POC - BULLISH above all EMAs
BAE 2018 -1.27 RSI 37.8 (-1.6) MACD bear ADX 27.3 rv 0.62 -14.5% ABOVE POC - BEARISH below EMA20/50, above EMA200
REL 2638 -1.27 RSI 54.1 (-3.7) MACD bull ADX 18.2 rv 0.35 -26.4% ABOVE POC - BULLISH above EMA20/50, below EMA200
PRU 1003 -1.47 RSI 40.3 (-3.6) MACD bear ADX 19.6 rv 0.88 -19.0% BELOW POC - BEARISH below all EMAs
INF 886.60 -1.64 RSI 45.5 (-5.0) MACD bear ADX 13.6 rv 0.31 -11.3% ABOVE POC - BEARISH below EMA20/50, above EMA200
SSE 2407 -1.71 RSI 50.6 (-5. MACD bull ADX 7.7 rv 0.68 -15.8% ABOVE POC - MIXED above EMA20, below EMA50, above EMA200
LSEG 8844 -1.73 RSI 53.4 (-4.6) MACD bull ADX 10.5 rv 0.38 -12.8% ABOVE POC - BULLISH above EMA20/50, below EMA200
SGE 1070.50 -1.97 RSI 58.9 (-7.1) MACD bear ADX 47.7 rv 0.65 -9.4% ABOVE POC - BULLISH above all EMAs
DGE 1673 -2.11 RSI 47.6 (-4.7) MACD bear ADX 28.5 rv 0.69 -18.5% ABOVE POC - MIXED below EMA20, above EMA50 and EMA200
BARC 485.90 -2.16 RSI 38.2 (-4.3) MACD bear ADX 19.4 rv 1.00 -9.7% BELOW POC - BEARISH below EMA20/50, above EMA200
ADM 3936 -2.19 RSI 54.6 (-8.6) MACD bear ADX 26.7 rv 0.53 -4.7% ABOVE POC - BULLISH above all EMAs
EXPN 2971 -2.40 RSI 56.3 (-6. MACD bull ADX 26.2 rv 0.41 -25.5% ABOVE POC - BULLISH above all EMAs
BNZL 2713 -2.83 RSI 41.1 (-11.1) MACD bear ADX 19.1 rv 1.21 -6.3% ABOVE POC - BEARISH below EMA20/50, above EMA200
AAL 4113 -3.65 RSI 56.9 (-9.1) MACD bull ADX 23.1 rv 0.31 -4.8% ABOVE POC - BULLISH above all EMAs
WPP 368.00 -3.82 RSI 52.5 (-5. MACD bear ADX 37.3 rv 0.41 -10.8% ABOVE POC - MIXED below EMA20, above EMA50 and EMA200
RR. 1465.97 -4.20 RSI 44.2 (-11.3) MACD bear ADX 17.6 rv 0.83 -7.6% ABOVE POC - MIXED below EMA20, above EMA50 and EMA200
ANTO 3827 -5.25 RSI 49.0 (-8.7) MACD bull ADX 20.6 rv 0.53 -14.5% BELOW POC - BEARISH below EMA20/50, above EMA200

Summary: 17 of 40 BULLISH above all EMAs. 11 BEARISH. 12 MIXED. No stock is overbought above RSI 70 and none is oversold below RSI 30 - this is a rotation, not a washout.



TOP SWING SETUPS

1. BP - LONG - NEW
Triggered today. Crossed above EMA20 (529.14) and EMA50 (525.34) on relative volume 1.40, the only heavy-volume breakout in the universe. Above POC 515.31. Brent above 91 is the fundamental driver. Wait for the retest rather than chasing a 5.6% day.
Entry: 534 (retest of the 525-533 EMA20/EMA50/Cam-S4 stack) · Stop: 521 (below prev low 525.50 and EMA50, approx 1x ATR 14.53) · T1: 568.60 (classic R3) · T2: 590 · R:R: 2.7 then 4.3
Confluence: EMA20 529.14, EMA50 525.34 and Cam S4 532.86 all sit inside the entry zone. POC 515.31 is the hard invalidation.

2. SHEL - LONG - CONTINUING
No cross today, this trend is already established. BULLISH above all EMAs, ADX 30.0, RSI 60.4, relative volume 1.25. Only 4.5% off the 52-week high of 3591.50 - the closest large-cap to a fresh high with volume behind it.
Entry: 3385 (EMA9 3374.91 pullback zone) · Stop: 3320 (below EMA20 3348.40) · T1: 3510 · T2: 3591 (52-week high) · R:R: 1.9 then 3.2
Confluence: POC 3175.11 sits far below - price is well above value, so this is momentum, not mean reversion. Manage tight if oil reverses.

3. TSCO - LONG - NEW
The full regime flip: above EMA20, EMA50, EMA200 and POC in one session, plus a MACD bullish crossover, closing on the session high. ADX 29.4 confirms the trend is real.
Entry: 466 (retest of the POC 464.47 / pivot 465.23 / EMA50 465.71 triple confluence) · Stop: 455 (below EMA200 456.82 and prev low 454.70) · T1: 481 (classic R2) · T2: 491.60 (classic R3) · R:R: 1.4 then 2.3
Caution: relative volume 0.38 is thin. Half size, or wait for a volume-confirmed second day.

4. GLEN - LONG - CONTINUING
The only miner that held green while the sector fell 2.43%. BULLISH above all EMAs, RSI 64.2, ADX 23.8, only 3.8% off the 52-week high of 621.50. Relative strength within a weak sector is the highest-quality signal in this report.
Entry: 590 (EMA9 590.54) · Stop: 574 (below EMA20 576.54, approx 1x ATR 15.71) · T1: 621.50 (52-week high) · T2: 645 · R:R: 2.0 then 3.4
Confluence: Well above POC 548.36. Pivot S1 590.50 sits exactly on the entry.

5. BARC - SHORT - NEW
The only bank to break. BEARISH below EMA20 (502.40) and EMA50 (500.87), below POC 505.47, RSI 38.2 and falling, relative volume 1.00. Rising gilt yields are not helping UK domestic lenders here.
Entry: 490 on a bounce into 490-496 (EMA9 496.07) · Stop: 503 (above EMA20/EMA50 cluster) · T1: 467.60 (classic S3) · T2: 457.30 (EMA200) · R:R: 1.7 then 2.5
Invalidation: a reclaim of POC 505.47 kills the idea outright.



INTRADAY SETUPS

Levels derived from the 01 Sep session for use in the 02 Sep session.

1. SHEL - Camarilla range LONG
Entry: 3417 (Cam S3 3416.66) · Stop: 3400 (below Cam S4 3403.33) · T1: 3434.45 (Cam R1) · T2: 3456.70 (Cam R4) · R:R: 1.0 then 2.3
Why: classic Camarilla S3 reversal in a stock that is bullish above all EMAs with ADX 30 and relative volume 1.25. Take the long side only.

2. BP - Classic pivot bounce LONG
Entry: 538 (pivot 537.67) · Stop: 530.50 (below classic S1 531.03) · T1: 549.83 (classic R1) · T2: 556.47 (classic R2) · R:R: 1.6 then 2.5
Why: pivot 537.67 sits just above the fresh EMA20/EMA50 breakout at 529. First pullback into a heavy-volume breakout is the highest-probability intraday long in the list.

3. AAL - Camarilla range LONG
Entry: 4060 (Cam S3 4058.55) · Stop: 3995 (below Cam S4 4004.10) · T1: 4131.15 (Cam R1) · T2: 4167.45 (Cam R3) · R:R: 1.1 then 1.6
Why: AAL fell 3.65% on relative volume 0.31 - almost no participation - and did NOT cross a single EMA. It remains bullish above all three with RSI 56.9, and EMA9 4133.37 is the magnet. Low-conviction selling into an intact uptrend.

4. ANTO - Camarilla breakdown SHORT
Entry: below 3803 (Cam S1 3803.08, also prev low 3805) · Stop: 3852 (above Cam R1 3850.93) · T1: 3755.23 (Cam S3) · T2: 3683.45 (Cam S4) · R:R: 1.0 then 2.4
Why: the only name that lost EMA20, EMA50 and POC on the same day. POC 3833.47 is now overhead resistance and price closed below it. ATR 166.30 means this thing moves - size accordingly.

5. TSCO - POC and pivot confluence LONG
Entry: 465.50 · Stop: 458 (below classic S1 459.97) · T1: 471.95 (Cam R1) · T2: 481.03 (classic R2) · R:R: 0.9 then 2.1
Why: POC 464.47, pivot 465.23 and EMA50 465.71 stack inside 1.3 points of each other. Tightest confluence zone in the entire universe today. If it holds, the reclaimed-EMA200 buyers defend it.



KEY LEVELS DASHBOARD

BP close 543.20 ATR 14.53 rv 1.40
Cam: S4 532.86 · S3 538.03 · S1 541.48 || R1 544.92 · R3 548.37 · R4 553.54
Classic: S3 512.23 · S2 518.87 · S1 531.03 · Pivot 537.67 · R1 549.83 · R2 556.47 · R3 568.63
EMAs: 9 529.54 · 20 529.14 · 50 525.34 · 200 503.43 · POC 515.31
Prev H/L: 544.30 / 525.50 · 52w: 399.35 - 609.40

SHEL close 3430 ATR 59.64 rv 1.25
Cam: S4 3403.33 · S3 3416.66 · S1 3425.55 || R1 3434.45 · R3 3443.34 · R4 3456.68
Classic: S3 3350.33 · S2 3367.67 · S1 3398.83 · Pivot 3416.17 · R1 3447.33 · R2 3464.67 · R3 3495.83
EMAs: 9 3374.91 · 20 3348.40 · 50 3275.13 · 200 3097.26 · POC 3175.11
Prev H/L: 3433.50 / 3385.00 · 52w: 2553.77 - 3591.50

TSCO close 470.50 ATR 9.78 rv 0.38
Cam: S4 461.81 · S3 466.16 · S1 469.05 || R1 471.95 · R3 474.85 · R4 479.19
Classic: S3 444.17 · S2 449.43 · S1 459.97 · Pivot 465.23 · R1 475.77 · R2 481.03 · R3 491.57
EMAs: 9 460.50 · 20 462.64 · 50 465.71 · 200 456.82 · POC 464.47
Prev H/L: 470.50 / 454.70 · 52w: 411.70 - 520.60

RKT close 5368 ATR 117.42 rv 0.76
Cam: S4 5291.00 · S3 5329.50 · S1 5355.17 || R1 5380.83 · R3 5406.50 · R4 5445.00
Classic: S3 5157.33 · S2 5226.67 · S1 5297.33 · Pivot 5366.67 · R1 5437.33 · R2 5506.67 · R3 5577.33
EMAs: 9 5174.17 · 20 5150.35 · 50 5081.66 · 200 5210.57 · POC 4999.19
Prev H/L: 5436 / 5296 · 52w: 3866 - 6514

ANTO close 3827 ATR 166.30 rv 0.53
Cam: S4 3683.45 · S3 3755.23 · S1 3803.08 || R1 3850.93 · R3 3898.78 · R4 3970.55
Classic: S3 3471.67 · S2 3638.33 · S1 3732.67 · Pivot 3899.33 · R1 3993.67 · R2 4160.33 · R3 4254.67
EMAs: 9 3916.29 · 20 3865.14 · 50 3828.65 · 200 3534.41 · POC 3833.47
Prev H/L: 4066 / 3805 · 52w: 2132 - 4475



BEARISH WARNINGS

Fresh breakdowns first - these crossed a level TODAY.

ANTO - lost EMA20, EMA50 AND POC in one session, -5.25%. Now bearish below EMA20/50. The most complete breakdown in the report. POC 3833.47 is overhead.
BNZL - lost EMA50, RSI -11.1, relative volume 1.21. Heavy volume on the break means real distribution. Was at its 52-week high of 2894 within days. Watch EMA200 2507.36 as the next shelf.
LGEN - lost EMA50 and POC together, now bearish below EMA20/50. RSI 43.9 and falling. Rate-sensitive life insurer into a rising-gilt backdrop.
RR. - lost EMA20 with the largest RSI drop in the set at -11.3. Still above EMA50 (1458.48) - that is the line. Lose it and the next real support is a long way down.
WPP - lost EMA20 with ADX 37.3. Strong trend now pointing the wrong way.
INF and SSE - both lost EMA50 today. INF now bearish below EMA20/50.
LSEG - lost EMA200 (8935.83). Now bullish above EMA20/50 but below EMA200 - a stock in transition, and not in the good direction.
ABF, STAN, III - all lost EMA20 today. First cracks, all three still above EMA50.
ADM - MACD bearish crossover with RSI -8.6, the second largest RSI drop. Still technically bullish above all EMAs but momentum has turned. Only 4.7% off its 52-week high, so there is a long way to fall.

Structural bears - already broken, do not buy the bounce.

RTO - up 3.15% today but BEARISH below all EMAs, 29.7% off the 52-week high, below POC 392.50, ADX 36.3 in a downtrend. This is a bear-market bounce into resistance, not a recovery.
AZN - BEARISH below all EMAs, 23.8% off the 52-week high, below POC 12606.36 with EMA200 at 13146.87 far overhead. The index heavyweight is a genuine drag.
IMB, CPG, NG, GSK, PRU, BATS - all bearish below all EMAs and all below POC. Avoid longs.



EVENTS CALENDAR

Wednesday 02 September - TODAY
FTSE UK Index Series September quarterly review. Confirmed FTSE 100 and FTSE 250 changes announced AFTER the London close, based on the 01 Sep close. Rebalance effective after the close on Friday 18 September. Expect tracker-driven volume in boundary names into the 18th.

This week - macro
UK 10-year gilt at 5.21%, highest since June 2008. 2-year at 4.50%. Any further move higher pressures the media, data and information services cluster and the life insurers hardest.
Brent above 91 dollars on US-Iran and Hormuz tension. This is the single biggest swing factor for the index given how much of the day BP and Shell carried.
UK August manufacturing PMI expanded at its slowest pace since March. Services PMI is the next scheduled read.
BoE: roughly 32bp of tightening priced by year-end, November hike near 70% likely, a second by February near 80%.
BRC shop price inflation 1.5% year-on-year in August, food at 2.8% - a two-year high.

Earnings
Reporting for AstraZeneca, GSK, Unilever, Barclays and Rolls-Royce has been flagged around this period by third-party sources, but exact dates could not be independently confirmed. Check the RNS before sizing any position in those five.

Ex-dividend
No ex-dividend dates were independently verified for this week. Do not assume - check before holding over.



Not financial advice. Always DYOR. Capital at risk.

Tuesday 01 September 2026
Data: close Fri 28 Aug 2026 - latest scanner snapshot (Mon 31 Aug was the UK Summer Bank Holiday, LSE closed) UKX close: 10,824.26 (+0.29%) Futures: ~10,821.8 open / 10,839.2 - flat indication



MARKET OVERVIEW

The FTSE 100 closed Friday 28 August at 10,824.26, up 31.76 points (+0.29%). Monday 31 August was the UK Summer Bank Holiday so there was no London session - Friday's close is the most recent print and every level below is derived from it. State that clearly before acting: these are Friday's levels applied to the first session back.

FTSE 100 futures pointed to a flat open near 10,825 (opened 10,821.8, quoted 10,839.2). No contract-roll distortion is evident - the future is trading essentially on top of the cash close, so there is no dividend-discount gap to adjust for.

Macro drivers into the session:
Brent crude has pushed above $91 on renewed US-Iran tension and supply-disruption fears through the Middle East. That is a double-edged input - supportive for SHEL and BP, inflationary for everything else. Alongside it, a global bond sell-off is lifting gilt yields, reviving the "higher for longer" trade and pressuring rate-sensitive and long-duration names.

Live intraday context (not in the scanner data): the index has faded the flat open and traded below 10,800, down roughly 0.5-0.9% intraday. Reported early movers: RKT +5.3%, BP +3.5%, BNZL +2.0% on the upside; RR. -3.8% and ICG -3.9% on the downside. Treat these as live prints that OVERRIDE the Friday-close classifications for those specific names - particularly RR., which on a -3.8% day drops from BULLISH into its EMA20/EMA50 cluster.

Scanner universe: 40 FTSE 100 constituents, verified by constituent membership (the webhook feed carries crossed US/NASDAQ entries at later timestamps - those were discarded). CPG was rescaled from pounds to pence. All 40 EMA classifications were re-checked programmatically: zero mismatches.

Volume caveat: relative volume across the entire universe was 0.09-0.69, i.e. every single name traded thin on the pre-bank-holiday Friday. The highest reading was SHEL at 0.69. No move in this dataset carries volume conviction - widen stops and treat breakout signals as provisional until they are confirmed on real volume.



NOTABLE CHANGES

compare.php returned an empty comparison set (stocks_compared: 0 - it was looking at the 31 Aug holiday against 28 Aug). Day-over-day and two-day changes below were computed directly from the raw scanner snapshots for 26, 27 and 28 August.

1. SSE - triple reclaim, the cleanest new signal
+2.65% Friday, the best performer in the universe. RSI jumped +9.5 points to 56.4 - by far the largest single-day RSI move in the set. It crossed back above EMA20, above EMA50 and above POC in one session and is now BULLISH on all three EMAs. Caveat: ADX is only 8.3, so there is no established trend yet, and RV was 0.33.

2. BAE - the fresh breakdown
-2.87%, the worst performer, and the only name to lose an EMA on Friday - it crossed below EMA50 (2063.08). RSI fell -7.7 points to 39.4, MACD histogram -28.24 and deteriorating. Now BEARISH below 20/50, holding only EMA200 at 1979.82. Relative volume 0.44 - one of the heavier prints in a thin session, which makes the selling slightly more credible than most of this data.

3. HSBA and STAN - banks reclaim EMA20
HSBA +1.74% (RSI +7.0 to 53.5) and STAN +1.68% (RSI +4.9 to 51.9). Both crossed back above EMA20 and are BULLISH on all three EMAs. Both, however, still carry a negative MACD histogram (-3.44 and -9.14), so momentum has not confirmed the price move. RV of 0.16 and 0.22 is the thinnest in the universe - this is the lowest-conviction signal in the set.

4. Data and analytics quietly re-rated
Two-day gains: SGE +3.55%, REL +3.36%, LSEG +3.25%, EXPN +2.29%. All four moved together on Thursday and held it on Friday. SGE now sits +20.9% above POC with ADX 48.7 - the strongest trend reading in the universe, but also the most extended.

5. LGEN - reclaimed EMA50 and POC
+0.52%, crossed above both EMA50 (292.43) and POC (292.03) - these sit within 0.4p of each other, so it is a single confluence zone reclaimed. Still below EMA20, so MIXED, not a full turn.

6. BNZL - lost EMA20
-0.29% and crossed below EMA20 on Friday, RSI -1.8. Now MIXED (below 20, above 50 and 200). Live override: BNZL is reported +2.0% today, which would immediately reclaim that level - so treat this breakdown as already invalidated unless it fails again.

7. Pharma the weakest two-day complex
GSK -2.95% and AZN -2.09% over two sessions. Both BEARISH below all EMAs, both trading below POC (-4.8% and -5.0%). AZN's MACD histogram is +82.62 and improving, which is the one divergence worth watching - momentum is compressing upward while price is still in a downtrend.

8. ADM - momentum cooling from the highs
-0.98% with RSI -3.9 to 63.2, the sharpest RSI decline in the set. Still BULLISH on all EMAs and only 2.2% off its 52-week high, but this is the first crack in a strong uptrend.



SECTOR HEATMAP

Friday 28 August, average daily change by sector.

Utilities +1.80% SSE +2.65, NG +0.95 - moved together, and the only sector where both names gained materially
Banks +0.89% HSBA +1.74, STAN +1.68, BARC +0.43, LLOY +0.32, NWG +0.27 - all five green, a genuine sector bid
Consumer Svcs +0.72% CPG +0.72
Telecom +0.56% VOD +0.56
Energy +0.53% SHEL +0.88, BP +0.17 - and both should extend with Brent above $91
Insurance +0.26% AV +1.05, LGEN +0.52, PRU +0.44, ADM -0.98
Consumer Staples +0.09% ULVR +0.62, RKT +0.23, TSCO -0.07, ABF -0.44
Media/Data +0.03% INF +0.70, REL +0.41, EXPN -0.03, WPP -0.94
Bev/Tobacco -0.06% DGE +0.18, IMB +0.08, BATS -0.43
Fin Svcs -0.32% LSEG -0.20, III -0.44
Mining -0.39% AAL 0.00, RIO -0.21, GLEN -0.38, ANTO -0.97 - all four negative or flat, a coordinated pause after a strong run
Tech -0.41% SGE -0.41
Consumer Health -0.54% HLN -0.54
Pharma -0.66% GSK -0.35, AZN -0.97 - both lower, both below all EMAs, weakest complex on a two-day view
Industrials -0.73% RTO +0.55, BNZL -0.29, RR. -0.30, BAE -2.87 - dragged almost entirely by BAE

Read: domestic rate-sensitives (Banks, Utilities) led while global cyclicals (Mining) and defensives (Pharma, Tobacco) lagged. That is a gilt-yield-driven rotation, and with yields rising again today it has a reason to continue.



DAILY TECHNICAL SIGNALS

Format: TICKER - close - daily chg - trend (strict EMA) - RSI (day-over-day delta) - MACD histogram - % from 52w high - % vs POC - RV

BULLISH - above all three EMAs
SSE 2444 +2.65% RSI 56.4 +9.5 hist +4.05 -14.5% from 52wH +1.9% vs POC RV 0.33
HSBA 1530.2 +1.74% RSI 53.5 +7.0 hist -3.44 -7.5% +3.0% vs POC RV 0.16
STAN 2183 +1.68% RSI 51.9 +4.9 hist -9.14 -3.5% +3.6% vs POC RV 0.22
AV 729.6 +1.05% RSI 62.0 +3.4 hist -0.94 -1.5% +8.1% vs POC RV 0.27
SHEL 3340 +0.88% RSI 52.4 +3.1 hist -11.49 -7.0% +5.4% vs POC RV 0.69
ULVR 4781.5 +0.62% RSI 58.3 +1.9 hist +12.02 -13.5% +4.2% vs POC RV 0.36
AAL 4243 0.00% RSI 66.0 0.0 hist +24.62 -1.8% +10.7% vs POC RV 0.24
EXPN 3044 -0.03% RSI 63.1 -0.1 hist +9.62 -23.7% +12.6% vs POC RV 0.28
LSEG 8962 -0.20% RSI 58.0 -0.6 hist +42.76 -11.6% +3.8% vs POC RV 0.27
RIO 7671.62 -0.21% RSI 62.8 -0.9 hist +32.96 -15.9% +6.2% vs POC RV 0.19
RR. 1525.2 -0.30% RSI 55.5 -1.0 hist -5.13 -3.8% +6.7% vs POC RV 0.26
GLEN 593.05 -0.38% RSI 62.0 -1.3 hist +2.24 -4.6% +8.5% vs POC RV 0.29
SGE 1099 -0.41% RSI 66.0 -1.3 hist -2.20 -6.9% +20.9% vs POC RV 0.18
ABF 2055 -0.44% RSI 51.6 -1.8 hist -3.10 -12.9% +3.6% vs POC RV 0.27
HLN 367.5 -0.54% RSI 54.0 -2.2 hist +0.82 -11.7% +3.5% vs POC RV 0.35
WPP 380.7 -0.94% RSI 58.3 -1.7 hist -4.69 -7.7% +21.3% vs POC RV 0.20
ANTO 4000 -0.97% RSI 57.7 -2.2 hist +27.74 -10.6% +4.4% vs POC RV 0.25
ADM 4036 -0.98% RSI 63.2 -3.9 hist +10.42 -2.2% +10.8% vs POC RV 0.20

BULLISH - above EMA20 and EMA50, below EMA200
REL 2679 +0.41% RSI 57.8 +0.7 hist +6.06 -25.2% +6.5% vs POC RV 0.28 (EMA200 2715.40 is the ceiling)
RKT 5128 +0.23% RSI 50.9 +0.9 hist -8.48 -21.3% +2.9% vs POC RV 0.29 (reclaimed EMA20; reported +5.3% today)
III 2821.5 -0.44% RSI 52.7 -1.3 hist -10.09 -37.3% +9.0% vs POC RV 0.34 (EMA200 2905.16 is the ceiling)

MIXED
INF 897.4 +0.70% RSI 50.5 +3.2 hist -2.13 below EMA20 898.10, above EMA50 886.56 and EMA200 859.29 +2.0% vs POC
VOD 117.75 +0.56% RSI 51.4 +1.7 hist -0.54 below EMA20 117.81, above EMA50 115.53 and EMA200 107.60 +3.4% vs POC
LGEN 292.7 +0.52% RSI 46.4 +2.0 hist -1.50 below EMA20 295.36, above EMA50 292.43 and EMA200 272.16 +0.2% vs POC reclaimed EMA50 and POC
NWG 680.2 +0.27% RSI 45.4 +1.1 hist -4.09 below EMA20 690.05, above EMA50 675.24 and EMA200 619.73 +1.5% vs POC
DGE 1704.5 +0.18% RSI 52.3 +0.4 hist -8.66 below EMA20 1704.90, above EMA50 1647.77 and EMA200 1650.64 +5.9% vs POC
BNZL 2774 -0.29% RSI 52.2 -1.8 hist -5.33 below EMA20 2774.21, above EMA50 2712.96 and EMA200 2505.12 +4.6% vs POC lost EMA20

BEARISH - below EMA20 and EMA50, above EMA200
BARC 494.7 +0.43% RSI 42.5 +1.7 hist -2.09 -8.1% -2.1% vs POC RV 0.58
LLOY 109.65 +0.32% RSI 40.7 +1.5 hist -0.61 -7.0% -0.8% vs POC RV 0.51
BP 516.3 +0.17% RSI 44.6 +0.5 hist -2.73 -15.3% +0.2% vs POC RV 0.45 (reported +3.5% today on Brent)
BAE 2032 -2.87% RSI 39.4 -7.7 hist -28.24 -13.9% +2.8% vs POC RV 0.44 lost EMA50 today

BEARISH - below all three EMAs
NG 1171 +0.95% RSI 43.1 +3.9 hist -0.83 -18.0% -3.5% vs POC RV 0.37
CPG 3071 +0.72% RSI 42.7 +2.2 hist -0.16 -18.1% -4.4% vs POC RV 0.35
RTO 346.3 +0.55% RSI 32.2 +2.1 hist +2.51 -31.7% -12.1% vs POC RV 0.15 ADX 37.7
PRU 1018 +0.44% RSI 43.9 +1.5 hist -1.12 -17.8% -0.5% vs POC RV 0.34
IMB 2525 +0.08% RSI 36.5 +0.3 hist -4.34 -24.4% -8.2% vs POC RV 0.20
TSCO 454.7 -0.07% RSI 42.9 -0.2 hist -0.15 -12.7% -2.1% vs POC RV 0.65 ADX 31.4
GSK 1845.5 -0.35% RSI 40.2 -0.9 hist -2.48 -19.1% -4.8% vs POC RV 0.23
BATS 4134 -0.43% RSI 40.7 -0.9 hist +4.62 -17.4% -7.4% vs POC RV 0.36
AZN 11996 -0.97% RSI 45.2 -2.1 hist +82.62 -23.7% -5.0% vs POC RV 0.31

Universe count: 18 BULLISH above all EMAs, 3 BULLISH above 20/50, 6 MIXED, 4 BEARISH below 20/50, 9 BEARISH below all. Net internals are still constructive - roughly half the universe is above every moving average - but the leadership is narrow and the volume behind it is absent.



TOP SWING SETUPS

1. SSE - LONG - NEW
The only genuinely new bullish signal in the dataset. Friday reclaimed EMA20 (2401.25), EMA50 (2409.59) and POC (2399.28) in a single session - all three sit inside an 11-point band, so it is one confluence shelf, now support instead of resistance. RSI +9.5 to 56.4.
Entry: 2420 on a pullback into the EMA/POC shelf · Stop: 2365 (below classic S2 2369.33, 1.1x ATR) · T1: 2530 (classic R3) · T2: 2600 · R:R: 1:2.0 to T1, 1:3.3 to T2
Confluence: EMA20 + EMA50 + POC + Camarilla S4 (2409.90) all stacked at 2399-2410. POC context: +1.9% above POC, barely extended - room to run. Risk: ADX 8.3 means no trend is established, and RV 0.33. This is a reclaim, not a trend continuation - size accordingly and require it to hold above 2409 on the open.

2. RIO - LONG - CONTINUING
BULLISH above all EMAs, RSI 62.8, MACD histogram +32.96 and expanding. The attraction is headroom: RIO is 15.9% below its 52-week high of 9117 while AAL and ADM are within 2% of theirs. Same sector, far less extension risk.
Entry: 7610 on a pullback (Friday's low 7610, classic S1 7608.41) · Stop: 7480 (classic S3 7480.41, 0.75x ATR) · T1: 7864 (classic R3) · T2: 8020 · R:R: 1:1.95 to T1, 1:3.2 to T2
Confluence: prior-day low and classic S1 within 2 points. POC context: +6.2% above POC 7222.42 - moderately extended but not stretched. Risk: the whole mining complex was red or flat on Friday. Wait for the pullback, do not chase.

3. AAL - LONG on breakout - CONTINUING
Highest MACD histogram-to-price momentum in the universe (+24.62), RSI 66, and Friday's high of 4321 is exactly the 52-week high. Price closed at 4243 having tested and failed the level. A clean break takes it into blue sky.
Entry: 4325 on a break and hold above the 52-week high · Stop: 4180 (below Camarilla S4 4182.50, 1.14x ATR) · T1: 4470 · T2: 4615 · R:R: 1:1.0 to T1, 1:2.0 to T2
Confluence: 52-week high plus prior-day high at the same 4321 print. POC context: +10.7% above POC 3834.13 - this is an extended name, which is exactly why the stop is placed under the Camarilla S4 rather than at a moving average. Risk: RV 0.24. A 52-week-high breakout on a quarter of normal volume is not a breakout - require volume expansion on the day or stand aside.

4. BAE - SHORT - NEW
The one fresh breakdown in the set and the highest-conviction bearish setup. Lost EMA50 (2063.08) on Friday, RSI -7.7 to 39.4, MACD histogram -28.24 and the most negative in the universe. Only EMA200 (1979.82) is left below.
Entry: 2060 on a rally back into the lost EMA50 · Stop: 2105 (above classic R1 2079.01) · T1: 1985 (EMA200 / POC zone) · T2: 1937 (classic S3 1936.97) · R:R: 1:1.7 to T1, 1:2.7 to T2
Confluence: EMA200 at 1979.82 and POC at 1976.38 sit 3.4 points apart - a hard support shelf at T1. Take partial profit there; a close below 1976 opens the second leg. Risk: RV 0.44 was one of the heavier readings, which is supportive, but defence names are headline-sensitive and Middle East escalation cuts both ways.

5. ADM - LONG on pullback - CONTINUING
BULLISH above all EMAs, 2.2% off the 52-week high (4128), ADX 27.8 confirming trend. Friday's -0.98% and RSI -3.9 is the pullback that creates the entry rather than a signal to abandon.
Entry: 3990 into the Camarilla S4 zone (3974.40) · Stop: 3900 (below classic S3 3879.33, 1.07x ATR) · T1: 4128 (52-week high) · T2: 4215 (classic R3) · R:R: 1:1.5 to T1, 1:2.5 to T2
Confluence: the 3990 entry sits between the EMA9 at 4007.62 and Camarilla S4 at 3974.40 - a 33-point pocket. Below 3974 the next reference is classic S3 3879.33, which is where the stop lives. POC context: +10.8% above POC 3641.21 - extended, so this is a pullback trade only. Do not buy 4036 into resistance; wait for 3990 or leave it.



INTRADAY SETUPS

1. SSE - pivot bounce LONG
Closed 2444, above the classic pivot 2431.33, having reclaimed its EMA cluster.
Entry: 2432 on a hold of the pivot · Stop: 2406 (below classic S1 2406.67) · T1: 2468.67 (R1) · T2: 2493.33 (R2) · R:R: 1:1.4 to T1, 1:2.4 to T2
Why: strongest daily momentum in the universe with a fresh triple EMA reclaim, and the pivot sits directly on top of the EMA20/EMA50/POC shelf at 2399-2410. If the pivot fails, that shelf is the next test - the trade invalidates, it does not become a dip.

2. RIO - Camarilla range LONG
Closed 7671.62, inside the Camarilla range (S1 7659.89 / R1 7683.35) - a textbook mean-reversion configuration.
Entry: 7636.42 (Camarilla S3) · Stop: 7601 (below Camarilla S4 7601.22) · T1: 7683.35 (Cam R1) · T2: 7706.82 (Cam R3) · R:R: 1:1.3 to T1, 1:2.0 to T2
Why: the Camarilla S3-to-R3 band is only 70 points wide against an ATR of 174.6, so the range is compressed relative to normal daily movement - favourable for a reversion trade, but it also means a genuine trend day will blow straight through S4. If 7601 breaks, flip the bias, do not average.

3. HSBA - Camarilla range LONG
Closed 1530.2, between Camarilla S1 1528.73 and R1 1531.67 - dead centre of the range, and right on Friday's high of 1531.20.
Entry: 1525.80 (Camarilla S3) · Stop: 1521 (below Camarilla S4 1521.40) · T1: 1531.67 (Cam R1) · T2: 1534.60 (Cam R3) · R:R: 1:1.2 to T1, 1:1.8 to T2
Why: BULLISH above all EMAs after reclaiming EMA20 with an RSI jump of +7.0, and the banks moved as a bloc on Friday - all five green. The caution is RV 0.16, the thinnest in the entire universe, and a MACD histogram still at -3.44. Tight range, tight stop, small size.

4. BAE - Camarilla breakdown SHORT
Closed 2032, above Camarilla S1 2025.49, so the setup is a break of the lower Camarilla band rather than a fade.
Entry: 2012 on a break below Camarilla S3 2012.47 · Stop: 2032 (Friday's close) · T1: 1992.94 (Cam S4) · T2: 1984 (classic S2 1983.97) · R:R: 1:1.0 to T1, 1:1.5 to T2
Why: the only stock in the set that lost a moving average on Friday, with the worst MACD histogram and the sharpest RSI decline. Friday's low was 2030.98 - a break of that opens the Camarilla path immediately. Cover into 1985; EMA200 and POC are stacked there and it will fight back.

5. AAL - Camarilla breakout LONG
Closed 4243 against Camarilla R1 4253.08 - the aggressive version of the swing breakout above.
Entry: 4273.25 on a break above Camarilla R3 · Stop: 4232.92 (Camarilla S1) · T1: 4305.67 (classic R1) · T2: 4368.33 (classic R2) · R:R: 1:0.8 to T1, 1:2.4 to T2
Why: Camarilla R3 at 4273.25 sits between the close and the 52-week high at 4321, so a break of R3 is the early tell that the 52-week-high test is coming. T1 offers sub-1:1 - skip T1 and run for R2, or wait for the cleaner 4325 swing entry instead. RV 0.24 applies here too.



KEY LEVELS DASHBOARD

SSE - 2444
Cam: S4 2409.90 · S3 2426.95 · S1 2438.32 || R1 2449.68 · R3 2461.05 · R4 2478.10
Classic: S3 2344.67 · S2 2369.33 · S1 2406.67 · Pivot 2431.33 · R1 2468.67 · R2 2493.33 · R3 2530.67
EMA9 2405.01 · EMA20 2401.25 · EMA50 2409.59 · EMA200 2346.43 · POC 2399.28
Prev H/L 2456 / 2394 · 52w H/L 2859.89 / 1597 · ATR 49.62 · ADX 8.3 · RV 0.33

BAE - 2032
Cam: S4 1992.94 · S3 2012.47 · S1 2025.49 || R1 2038.51 · R3 2051.53 · R4 2071.06
Classic: S3 1936.97 · S2 1983.97 · S1 2007.99 · Pivot 2054.99 · R1 2079.01 · R2 2126.01 · R3 2150.03
EMA9 2109.30 · EMA20 2118.17 · EMA50 2063.08 · EMA200 1979.82 · POC 1976.38
Prev H/L 2102 / 2030.98 · 52w H/L 2360 / 1588 · ATR 50.24 · ADX 26.9 · RV 0.44

AAL - 4243
Cam: S4 4182.50 · S3 4212.75 · S1 4232.92 || R1 4253.08 · R3 4273.25 · R4 4303.50
Classic: S3 4085.67 · S2 4148.33 · S1 4195.67 · Pivot 4258.33 · R1 4305.67 · R2 4368.33 · R3 4415.67
EMA9 4133.27 · EMA20 4016.44 · EMA50 3876.27 · EMA200 3508.52 · POC 3834.13
Prev H/L 4321 / 4211 · 52w H/L 4321 / 2215 · ATR 127.37 · ADX 23.4 · RV 0.24

RIO - 7671.62
Cam: S4 7601.22 · S3 7636.42 · S1 7659.89 || R1 7683.35 · R3 7706.82 · R4 7742.02
Classic: S3 7480.41 · S2 7545.21 · S1 7608.41 · Pivot 7673.21 · R1 7736.41 · R2 7801.21 · R3 7864.41
EMA9 7589.57 · EMA20 7442.34 · EMA50 7315.76 · EMA200 6819.64 · POC 7222.42
Prev H/L 7738 / 7610 · 52w H/L 9117 / 4528 · ATR 174.60 · ADX 20.2 · RV 0.19

HSBA - 1530.2
Cam: S4 1521.40 · S3 1525.80 · S1 1528.73 || R1 1531.67 · R3 1534.60 · R4 1539.00
Classic: S3 1503.87 · S2 1509.53 · S1 1519.87 · Pivot 1525.53 · R1 1535.87 · R2 1541.53 · R3 1551.87
EMA9 1519.75 · EMA20 1520.81 · EMA50 1492.92 · EMA200 1324.80 · POC 1485.95
Prev H/L 1531.2 / 1515.2 · 52w H/L 1653.4 / 946.2 · ATR 29.07 · ADX 15.0 · RV 0.16



BEARISH WARNINGS

1. BAE - fresh EMA50 breakdown (highest priority)
The only stock in the universe to lose a moving average on Friday. -2.87%, RSI -7.7 to 39.4, MACD histogram -28.24. Now below EMA20 2118.17 and EMA50 2063.08, holding only EMA200 1979.82. RV 0.44 gives it more credibility than most of this data. First support 1979.82 / 1976.38 (EMA200 + POC stacked). Below 1976 the next structural level is classic S3 1936.97.

2. RR. - live breakdown not in the dataset
Friday's snapshot shows RR. BULLISH above all EMAs at 1525.2 with EMA20 at 1511.71 and EMA50 at 1457.98. It is reported -3.75% today, which puts it near 1468 - through EMA20 and into the EMA50. That would be a two-EMA loss in one session for a name that had been 3.8% off its 52-week high. Verify against live price before acting on any bullish RR. read from the Friday data.

3. RTO - strongest confirmed downtrend
BEARISH below all EMAs, ADX 37.7 (the second-highest in the universe), RSI 32.2, -31.7% from its 52-week high and -12.1% below POC. The 52-week low at 329.60 is only 4.8% below Friday's close. MACD histogram has ticked positive (+2.51) so a bounce is possible, but the structure is broken and every EMA is overhead - EMA20 359.15, EMA50 390.60, EMA200 425.04. Do not buy this dip.

4. IMB - approaching the 52-week low
BEARISH below all EMAs, RSI 36.5, -8.2% below POC, ADX 27.9. The 52-week low is 2476 and Friday's close was 2525 - 1.9% away. A break of 2476 has no reference support beneath it in this dataset.

5. Pharma - AZN and GSK both broken
Weakest two-day complex (-2.09% and -2.95%). Both BEARISH below all three EMAs, both below POC (-5.0% and -4.8%). AZN is 23.7% below its 52-week high with ADX 29.7 confirming the downtrend. The nuance: AZN's MACD histogram is +82.62 and improving - momentum is compressing upward against falling price. That is a divergence to monitor, not a reason to buy yet. AZN needs to reclaim EMA20 12137.34 first.

6. BATS and TSCO - defensives failing
BATS BEARISH below all EMAs, -7.4% below POC, ADX 25.5. TSCO BEARISH below all EMAs with ADX 31.4 and RV 0.65 - one of the few names with any volume behind its move, and it was a down move. Both are held as defensives; neither is currently behaving like one.

7. The volume warning applies to everything above
Not one name in the universe printed relative volume above 0.69. Every bullish reclaim in this report - SSE, HSBA, STAN, RKT, LGEN - happened on thin pre-holiday trade. The first real-volume session is today. Treat Friday's signals as hypotheses that today's tape either confirms or kills, and require confirmation before committing full size.



EVENTS CALENDAR

This week
Tue 01 Sep - UK Manufacturing PMI (final, August). July's reading was 51.9, a four-month low but a ninth consecutive month above 50.
Tue 01 Sep - Global manufacturing PMI releases through the session; US markets reopen after the Labor Day weekend.
Wed 02 Sep - UK Construction PMI (August).
Thu 03 Sep - UK Services PMI (final, August). July was 52.1, recovering from June's 48.8. This is the one that matters most for the domestic rate trade.
Through the week - Brent above $91 on US-Iran tension is the live variable. Escalation supports SHEL and BP and pressures CPG, TSCO and the airlines; de-escalation reverses it.
Through the week - the global bond sell-off and rising gilt yields are the second live variable, driving the Banks/Utilities bid and the Pharma/Tobacco weakness visible in the sector heatmap.

Ahead
Wed 16 Sep - UK CPI inflation (August data), 07:00 BST. The main input to the MPC decision the following day.
Thu 17 Sep - Bank of England MPC decision.

Corporate
No FTSE 100 results are scheduled from the 40 tracked names in the first week of September - the interim reporting season concluded in August. Specific ex-dividend dates for this week could not be verified from a reliable source and are therefore not listed rather than guessed; check dividenddata.co.uk before assuming a gap-down is directional.
M&A backdrop: Gamma Communications has received a takeover proposal from Epiris, and FTSE 250 Bodycote has agreed a GBP 1.65bn acquisition by Veritas Capital. UK mid-cap take-private activity remains elevated.



METHODOLOGY AND DATA INTEGRITY

Source: ChartsView TV webhook scanner, entries dated 2026-08-28, selected by FTSE 100 constituent membership rather than timestamp (the feed carries crossed US/NASDAQ entries at later received_at values - two such entries were identified and discarded). Two qualifying FTSE entries of 20 stocks each were merged into a 40-name universe.
Pence-scale guard: CPG was quoted in pounds and all its price fields were multiplied by 100.
EMA classification: strict numeric comparison, no tolerance band. All 40 classifications were re-verified programmatically - zero mismatches, zero ties.
compare.php returned stocks_compared: 0 because it compared the 31 August bank holiday against 28 August. All day-over-day and two-day deltas in this report were computed directly from the 26, 27 and 28 August raw snapshots instead.
Futures and index levels verified by web search, not estimated. Live intraday prints are labelled as such and are separated from the Friday-close scanner data throughout.

Not financial advice. Always DYOR. Capital at risk.

Monday 31 August 2026
Data: close Fri 28 Aug 2026 (latest scanner snapshot, 40 names) · UKX 10,824.26 (+0.29%) · Futures: not verified - see note



MARKET OVERVIEW

LSE IS CLOSED TODAY. Monday 31 August is the UK Summer Bank Holiday - no London cash session. Every level in this report is derived from the Friday 28 August close and is intended for the Tuesday 1 September session. Pivots and Camarilla levels carry forward from Friday's H/L/C and remain the live levels for Tuesday's open.

The FTSE 100 closed Friday at 10,824.26, up roughly 0.29% on the day, finishing the week in the green. The session's character was a straight rotation: gilt yields climbed after Warsh's remarks revived rate-hike risk, which lifted the banks and utilities and hammered defence. SSE led the index. BAE and Sage capped the gains.

Futures note: the only quote retrievable for the FTSE 100 September contract was 9,893, roughly 8.6% below the cash close. That is far too wide to be a dividend discount and is almost certainly a stale or wrong-contract print, so per house rules it is not being used to call direction. Treat futures as unavailable for this report. The news tone into the weekend was mildly constructive, not risk-off.

Data caveat: every relative-volume reading in this feed sits between 0.09 and 0.69 with a mean of 0.30. Nothing prints above 1.0. That is a feed-scaling artefact, not forty stocks all trading thin. Use rv for relative ranking within the list only - do not read an absolute 0.30 as "no participation".



NOTABLE CHANGES (day over day)

SSE - the standout. RSI surged 9.5 points to 56.4 and price crossed above EMA20, EMA50 and POC on the same bar. Closed +2.65% at 2444, the best performer in the universe. That is a genuine triple-confluence reclaim.

HSBA - crossed above EMA20 (1520., RSI +7.0 to 53.5, closed +1.74% at 1530.2, within a point of the day high. Now above all three EMAs.

STAN - crossed above EMA20 (2176.9), RSI +4.9, +1.68%. Also above all three EMAs.

SHEL - crossed above EMA20 (3339.4) but only just - close 3340.0 versus EMA20 3339.4 is a 0.6p margin. Technically bullish, practically a coin flip. Needs confirmation.

LGEN - crossed above EMA50 and POC, fifth consecutive up day, +1.88% on the week. Still below EMA20 (295.4), so the reclaim is incomplete.

BAE - the worst move on the board. Down 2.87% to 2032, RSI collapsed 7.7 points to 39.4, and price crossed below EMA50 (2063.1) having already lost EMA20. Closed at 2032 against a day low of 2031 - a close on the low, which is about as weak a print as the tape offers.

BNZL - crossed below EMA20 (2774.2). Marginal (close 2774.0) but the direction of travel is wrong.

III - fourth straight down day, -4.52% on the week, RSI down 13.7 points across five sessions. The single worst weekly RSI decay in the list.

AAL - fifth consecutive up day, +3.24% on the week, and Friday's high of 4321 is the 52-week high. Closed 4243, flat on the day, digesting.

RKT - crossed above EMA20, but by 0.9p (5128.0 vs 5127.1). Noise, not a signal.



SECTOR HEATMAP

Utilities +1.80% day - entirely SSE (+2.65%). NG rose 0.95% but remains below all three EMAs and 3.5% under its POC. This is a one-stock move, not a sector rotation.

Banks +0.89% day - the cleanest group move of the session. HSBA and STAN both reclaimed EMA20 on the same bar and both now sit above all three EMAs. NWG, BARC and LLOY all closed green too, so all five participated - but BARC and LLOY are still BEARISH below EMA20 and EMA50. Rising gilt yields are the driver. Watch whether Tuesday extends it.

Energy +0.53% day - but -2.42% on the week. SHEL scraped back above EMA20; BP remains below EMA20 and EMA50 and is down 3.20% over five days. A bounce inside a downweek.

Media, Data & Software -0.05% - flat on the surface, dangerous underneath. Three of five are above all EMAs, but SGE sits +20.94% above its POC with ADX 48.7 and WPP sits +21.34% above POC having already given back 4.75% this week. See Bearish Warnings.

Mining & Resources -0.39% day, +0.86% week - the strongest structural sector in the list. All four of AAL, RIO, GLEN and ANTO are above all three EMAs, all four are within 16% of their 52-week highs, and AAL and GLEN are within 5%. Friday's small red day is profit-taking inside an intact uptrend, not a turn.

Pharma & Healthcare -0.62% - two of three below all EMAs. AZN -0.97% and 5.04% below POC; GSK -0.35%, third straight down day, -2.92% on the week. Sector is broken. Only HLN holds a bullish structure.

Tobacco -0.17% - both names below all three EMAs. IMB RSI 36.5 and 8.22% below POC, sitting 49p off its 52-week low. BATS 7.45% below POC. Avoid.

Defence -2.87% - BAE alone, and it broke.



DAILY TECHNICAL SIGNALS

Trend uses strict numeric EMA comparison. All 40 classifications were re-verified programmatically against close vs EMA20 / EMA50 / EMA200: zero mismatches.

BULLISH - above all three EMAs (17)
SSE 2444.0 +2.65% · RSI 56.4 (+9.5) · MACD bull · POC +1.86% · 14.5% off 52wH
HSBA 1530.2 +1.74% · RSI 53.5 (+7.0) · MACD bear · POC +2.98% · 7.5% off 52wH
STAN 2183.0 +1.68% · RSI 51.9 (+4.9) · MACD bear · POC +3.61% · 3.5% off 52wH
AV 729.6 +1.05% · RSI 62.0 · MACD bear · POC +8.06% · 1.5% off 52wH
SHEL 3340.0 +0.88% · RSI 52.4 · MACD bear · POC +5.37% · 7.0% off 52wH
ULVR 4781.5 +0.62% · RSI 58.3 · MACD bull · POC +4.17% · 13.5% off 52wH
AAL 4243.0 0.00% · RSI 66.0 · MACD bull · POC +10.66% · 1.8% off 52wH
EXPN 3044.0 -0.03% · RSI 63.1 · MACD bull · POC +12.60% · 23.7% off 52wH
LSEG 8962.0 -0.20% · RSI 58.0 · MACD bull · POC +3.78% · 11.6% off 52wH
RIO 7671.6 -0.21% · RSI 62.8 · MACD bull · POC +6.22% · 15.9% off 52wH
RR. 1525.2 -0.30% · RSI 55.5 · MACD bear · POC +6.66% · 3.8% off 52wH
GLEN 593.0 -0.38% · RSI 62.0 · MACD bull · POC +8.45% · 4.6% off 52wH
SGE 1099.0 -0.41% · RSI 66.0 · MACD bear · POC +20.94% · 6.9% off 52wH · extended
ABF 2055.0 -0.44% · RSI 51.6 · MACD bear · POC +3.63% · 12.9% off 52wH
HLN 367.5 -0.54% · RSI 54.0 · MACD bull · POC +3.54% · 11.7% off 52wH
WPP 380.7 -0.94% · RSI 58.3 · MACD bear · POC +21.34% · 7.7% off 52wH · extended
ANTO 4000.0 -0.97% · RSI 57.7 · MACD bull · POC +4.43% · 10.6% off 52wH
ADM 4036.0 -0.98% · RSI 63.2 (-3.9) · MACD bull · POC +10.84% · 2.2% off 52wH

RECOVERING - above EMA20 and EMA50, below EMA200 (3)
REL 2679.0 +0.41% · RSI 57.8 · MACD bull · POC +6.54% · EMA200 2715.4 is the wall
RKT 5128.0 +0.23% · RSI 50.9 · MACD bear · POC +2.87% · EMA200 5208.9 overhead
III 2821.5 -0.44% · RSI 52.7 · MACD bear · POC +9.05% · EMA200 2905.2 · 4-day down streak

MIXED (6)
INF 897.4 +0.70% · below EMA20, above EMA50 and EMA200 · RSI 50.5
VOD 117.8 +0.56% · below EMA20, above EMA50 and EMA200 · RSI 51.4
LGEN 292.7 +0.52% · below EMA20, above EMA50 and EMA200 · RSI 46.4 · reclaimed EMA50
NWG 680.2 +0.27% · below EMA20, above EMA50 and EMA200 · RSI 45.4
DGE 1704.5 +0.18% · below EMA20, above EMA50 and EMA200 · RSI 52.3 · -4.08% week
BNZL 2774.0 -0.29% · below EMA20, above EMA50 and EMA200 · RSI 52.2 · lost EMA20

BEARISH - below EMA20 and EMA50, above EMA200 (4)
BARC 494.7 +0.43% · RSI 42.5 · POC -2.10% · EMA200 457.0 is the floor
LLOY 109.7 +0.32% · RSI 40.7 · POC -0.81% · -1.86% week
BP 516.3 +0.17% · RSI 44.6 · POC +0.24% · -3.20% week
BAE 2032.0 -2.87% · RSI 39.4 (-7.7) · POC +2.81% · lost EMA50 today

BEARISH - below all three EMAs (10)
NG 1171.0 +0.95% · RSI 43.1 · POC -3.50% · 18.0% off 52wH
CPG 3071.0 +0.72% · RSI 42.7 · POC -4.39% · -2.41% week
RTO 346.3 +0.55% · RSI 32.2 · POC -12.12% · ADX 37.7 · 31.7% off 52wH
PRU 1018.0 +0.44% · RSI 43.9 · POC -0.49% · -2.40% week
IMB 2525.0 +0.08% · RSI 36.5 · POC -8.22% · 52wL 2476 is 49p away
TSCO 454.7 -0.07% · RSI 42.9 · POC -2.13% · ADX 31.4
GSK 1845.5 -0.35% · RSI 40.2 · POC -4.77% · 3-day down streak
BATS 4134.0 -0.43% · RSI 40.7 · POC -7.45% · 17.4% off 52wH
AZN 11996.0 -0.97% · RSI 45.2 · POC -5.04% · ADX 29.7 · 23.7% off 52wH



TOP SWING SETUPS

1. SSE - LONG - NEW
The cleanest signal on the board. Friday reclaimed EMA20 (2401.2), EMA50 (2409.6) and the 60-day POC (2399.3) in a single session, with RSI jumping 9.5 points. Price already sat above EMA200 (2346.4), so this completes the structure. Everything that matters is stacked in a 12-point band at 2399-2410, which is exactly where a failed breakout would tell you it failed.
Entry: 2444 or on a pullback into 2412-2425 · Stop: 2390 (1x ATR, below the EMA/POC cluster and Friday's 2394 low) · T1: 2530 (classic R3) · T2: 2600 · R:R: 1.6 to T1, 2.9 to T2
Confluence: triple EMA reclaim + POC reclaim + MACD bullish + sector leader. ATR 49.6.
Caution: ADX is only 8.3 - there is no established trend yet, this is a reclaim not a continuation. Relative volume was the second-lowest reading in the whole list. One strong day does not make a trend; size accordingly.

2. AAL - LONG on breakout - CONTINUING
Five consecutive up days, +3.24% on the week, above all three EMAs, and Friday printed a 52-week high at 4321 before closing 4243. It gave back 78 points off the high on the day, which is a digestion bar rather than a reversal.
Entry: 4325 on a break of the 52-week high · Stop: 4205 (below Friday's 4211 low and Camarilla S4 4182.5) · T1: 4470 · T2: 4600 · R:R: 1.2 to T1, 2.3 to T2
Confluence: whole mining complex above all EMAs; AAL sits +10.66% above POC with MACD bullish. ATR 127.4.
Caution: RSI 66.0 is the joint-highest in the list and price is a long way above its volume-profile POC (3834). Chasing a 52-week-high breakout into RSI 66 is the definition of paying up. No breakout, no trade.

3. BAE - SHORT - NEW
The freshest breakdown available. Lost EMA50 (2063.1) on Friday having already lost EMA20 (2118.2), RSI fell 7.7 points to 39.4, and the close at 2032 was one point off the session low. Down 3.33% on the week on a defence-spending rotation story.
Entry: 2028 on a break of Friday's 2031 low · Stop: 2075 (above Camarilla R4 2071.1) · T1: 1985 (classic S2) · T2: 1940 (classic S3) · R:R: 0.9 to T1, 1.9 to T2
Confluence: fresh EMA50 loss, close on the low, weakest name in the universe on the day. ATR 50.2.
Caution: this is the important one. EMA200 sits at 1979.8 and POC at 1976.4 - a 3-point support cluster directly in the path between T1 and T2. Expect a fight there. T2 requires that cluster to break, which is a second decision, not a given. R:R to T1 alone is below 1, so this trade only pays if you are willing to hold through the 1976-1980 zone.

4. RTO - SHORT on rallies - CONTINUING
The most established downtrend in the list. Below all three EMAs, ADX 37.7, 12.12% below POC, 31.7% off its 52-week high, and the 52-week low at 330 is only 16p below the close.
Entry: 356 on a rally into the EMA20 zone (359.1) · Stop: 368 · T1: 334 · T2: 322 · R:R: 1.8 to T1, 2.8 to T2
Confluence: EMA20 at 359.1 and EMA50 at 390.6 both slope down; every bounce this quarter has failed at or below EMA20. ATR 9.1.
Caution: RSI 32.2 is the lowest reading in the universe and Friday closed green (+0.55%). Shorting an RSI-32 stock 16p above its 52-week low is late. This is a sell-the-rally setup only - do not short the low. If it does not rally to 356, there is no trade.

5. HSBA - LONG - NEW
Reclaimed EMA20 (1520. with RSI up 7.0 points, closed 1530.2 against a 1531.2 high - a close on the high. Now above all three EMAs with EMA50 at 1492.9 and EMA200 far below at 1324.8. Part of a genuine five-stock sector move.
Entry: 1532 on a break of Friday's high · Stop: 1513 (below Friday's 1515.2 low and EMA20) · T1: 1551.9 (classic R3) · T2: 1580 · R:R: 1.0 to T1, 2.4 to T2
Confluence: close on the high, EMA20 reclaim, +2.98% above POC, and the whole banking sector closed green on rising gilt yields. ATR 29.1.
Caution: MACD is still below its signal line, so momentum has not confirmed the price move. ADX 15.0 is weak. 52-week high at 1653 is 8% away, so there is room, but this is a sector-driven trade - if gilt yields reverse Tuesday, the whole premise goes.



INTRADAY SETUPS - for Tuesday 1 September

All levels below are Friday 28 August pivots and Camarilla, which carry forward to Tuesday's session because Monday is a holiday.

SSE - Camarilla breakout LONG
Entry: above 2478.1 (Cam R4) · Stop: 2455.4 (Cam R2) · T1: 2493.3 (classic R2) · T2: 2530.7 (classic R3) · R:R: 2.3 to T2
Cam R4 breaks are the highest-quality Camarilla signal and this one aligns with a daily triple-EMA reclaim. Direction: long only.

RIO - Camarilla breakout LONG
Entry: above 7742.0 (Cam R4) · Stop: 7695.1 (Cam R2) · T1: 7801.2 (classic R2) · T2: 7864.4 (classic R3) · R:R: 2.6 to T2
Cam R4 at 7742 sits just above Friday's 7738 high - a clean, unambiguous trigger. Backed by the strongest sector on the board.

AAL - Camarilla breakout LONG
Entry: above 4303.5 (Cam R4) · Stop: 4263.2 (Cam R2) · T1: 4368.3 (classic R2) · T2: 4415.7 (classic R3) · R:R: 2.8 to T2
Note the 52-week high at 4321 sits between entry and T1 - expect friction in the 4305-4325 pocket. Best version of this trade is a clean push through 4325.

HSBA - pivot bounce LONG
Entry: 1525.5 (classic pivot) on a dip · Stop: 1513.0 · T1: 1541.5 (classic R2) · T2: 1551.9 (classic R3) · R:R: 1.3 to T1, 2.1 to T2
Pivot 1525.5 sits just above EMA20 at 1520.8 - buy the retest of the level it just reclaimed. Invalid below 1515.

AZN - Camarilla fade SHORT
Entry: 12062.5 (Cam R3) on a tag and rejection · Stop: 12129.1 (Cam R4) · T1: 11951.6 (Cam S2) · T2: 11862.9 (Cam S4) · R:R: 1.7 to T1, 3.0 to T2
The only fade worth taking because it runs with the daily trend: AZN is below all three EMAs, 5.04% below POC and 23.7% off its 52-week high, with ADX 29.7. Fading R3 in a downtrend is the textbook Camarilla application. If price opens above Cam R4, stand aside.



KEY LEVELS DASHBOARD

SSE - close 2444.0
Cam: S4 2409.9 · S3 2426.9 · S1 2438.3 || R1 2449.7 · R3 2461.1 · R4 2478.1
Classic: S3 2344.7 · S2 2369.3 · S1 2406.7 · Pivot 2431.3 · R1 2468.7 · R2 2493.3 · R3 2530.7
EMA20 2401.2 · EMA50 2409.6 · EMA200 2346.4 · POC 2399.3 · ATR 49.6
Prev H/L 2456.0 / 2394.0 · 52w H/L 2860 / 1597

AAL - close 4243.0
Cam: S4 4182.5 · S3 4212.8 · S1 4232.9 || R1 4253.1 · R3 4273.2 · R4 4303.5
Classic: S3 4085.7 · S2 4148.3 · S1 4195.7 · Pivot 4258.3 · R1 4305.7 · R2 4368.3 · R3 4415.7
EMA20 4016.4 · EMA50 3876.3 · EMA200 3508.5 · POC 3834.1 · ATR 127.4
Prev H/L 4321.0 / 4211.0 · 52w H/L 4321 / 2215

BAE - close 2032.0
Cam: S4 1992.9 · S3 2012.5 · S1 2025.5 || R1 2038.5 · R3 2051.5 · R4 2071.1
Classic: S3 1937.0 · S2 1984.0 · S1 2008.0 · Pivot 2055.0 · R1 2079.0 · R2 2126.0 · R3 2150.0
EMA20 2118.2 · EMA50 2063.1 · EMA200 1979.8 · POC 1976.4 · ATR 50.2
Prev H/L 2102.0 / 2031.0 · 52w H/L 2360 / 1588

HSBA - close 1530.2
Cam: S4 1521.4 · S3 1525.8 · S1 1528.7 || R1 1531.7 · R3 1534.6 · R4 1539.0
Classic: S3 1503.9 · S2 1509.5 · S1 1519.9 · Pivot 1525.5 · R1 1535.9 · R2 1541.5 · R3 1551.9
EMA20 1520.8 · EMA50 1492.9 · EMA200 1324.8 · POC 1486.0 · ATR 29.1
Prev H/L 1531.2 / 1515.2 · 52w H/L 1653 / 946

RIO - close 7671.6
Cam: S4 7601.2 · S3 7636.4 · S1 7659.9 || R1 7683.4 · R3 7706.8 · R4 7742.0
Classic: S3 7480.4 · S2 7545.2 · S1 7608.4 · Pivot 7673.2 · R1 7736.4 · R2 7801.2 · R3 7864.4
EMA20 7442.3 · EMA50 7315.8 · EMA200 6819.6 · POC 7222.4 · ATR 174.6
Prev H/L 7738.0 / 7610.0 · 52w H/L 9117 / 4528



BEARISH WARNINGS

BAE - fresh EMA50 breakdown, highest priority
Crossed below EMA50 (2063.1) Friday, already below EMA20 (2118.2), closed one point off the low, RSI -7.7 in a session. The only structural support left is the EMA200 / POC cluster at 1976-1980. Below that there is air down to the 52-week low at 1588. If you hold BAE, 1976 is the line.

BNZL - fresh EMA20 breakdown
Crossed below EMA20 (2774.2) Friday, though only by 0.2p. Marginal, but it is the second stock in the list to lose a moving average this session and it is down 1.00% on the week. Watch EMA50 at 2713.0.

SGE and WPP - extreme POC extension
SGE is +20.94% above its 60-day POC (908.7) with ADX 48.7 and RSI 66.0 - the highest ADX and joint-highest RSI in the universe. WPP is +21.34% above POC (313. and has already handed back 4.75% this week, the worst weekly decline on the board. Both are technically BULLISH above all EMAs and both are stretched to a degree that historically mean-reverts. These are not shorts yet - they are do-not-chase names. If either loses EMA20 (SGE 1047.4, WPP 372.1) the reversion has started.

III - four-day down streak
-4.52% on the week and RSI down 13.7 points, both the worst in the list. Classified RECOVERING because it holds EMA20 (2820.0) - but only by 1.5p, and EMA200 at 2905.2 capped the rally. It is 37.3% off its 52-week high. A close below 2820 turns this into a full breakdown.

IMB - approaching 52-week low
RSI 36.5, below all three EMAs, 8.22% below POC, and the 52-week low at 2476 is 49p away. ADX 27.9 confirms a real downtrend. There is no support between here and that low.

Pharma - sector-level weakness
AZN and GSK are both below all three EMAs and both below their POC (-5.04% and -4.77%). GSK is on a three-day losing streak and -2.92% on the week. AZN carries ADX 29.7 and is 23.7% off its 52-week high. Two of three names broken is a sector problem, not stock-specific noise.

RTO - trend intact but stretched
ADX 37.7 and 12.12% below POC confirm the strongest downtrend in the list, but RSI 32.2 and a green Friday mean it is short-term oversold. Do not initiate new shorts at these levels - wait for the bounce.



EVENTS CALENDAR - week of 31 Aug to 4 Sep 2026

Monday 31 August - UK Summer Bank Holiday. LSE closed all day. US markets open normally, so overnight gaps into Tuesday's London open are a live risk with no UK session to absorb them.

Tuesday 1 September - UK Manufacturing PMI (final, 09:30 BST) and US ISM Manufacturing. First London session of the month and of the week; expect above-average opening volatility and gap risk from two sessions of US trade. All levels in this report apply to this session.

Wednesday 2 September - US ADP employment. Nationwide UK house prices typically land early in the month.

Thursday 3 September - UK Services PMI (final, 09:30 BST), US ISM Services, US weekly jobless claims. Services PMI is the more market-moving of the two UK PMIs.

Friday 4 September - US Non-Farm Payrolls, 13:30 BST. The week's dominant event. With Warsh having revived rate-hike risk on Friday and gilt yields climbing on the back of it, a hot payrolls print extends the banks-up / defence-down rotation; a soft one unwinds it. Size positions in HSBA, STAN, BARC and LLOY with Friday in mind.

Corporate: no confirmed results from the 40 tracked names fell in the searched window - the FTSE 100 interim season largely closed in the first half of August. BAE reported H1 earlier in the month (sales +9% to 15.8bn, order backlog 84bn, guidance raised), which makes Friday's 2.87% drop a rotation move rather than an earnings reaction. Verify individual ex-dividend dates against the LSE RNS calendar before trading around them - ex-div dates were not independently confirmed for this report.



METHOD AND VERIFICATION

Data source: ChartsView TV webhook, ftse_scanner format, date 2026-08-28. Two 20-stock entries at the same timestamp were selected by FTSE-constituent majority (20/20 each) and merged to a 40-name universe. Entries dominated by US tickers were discarded. CPG arrived quoted in pounds and all its price fields were multiplied by 100 to restore pence scale. All 40 EMA classifications were recomputed programmatically from close vs EMA20 / EMA50 / EMA200: 40 checked, 0 mismatches.

Known limitations, stated plainly: the scanner snapshot is Friday's close, not today's; the FTSE futures quote could not be verified and is excluded; relative-volume values across the whole feed are compressed below 1.0 and are usable only for ranking, not as absolute participation readings; and the events calendar dates follow the standard monthly release schedule and should be confirmed against a live economic calendar before trading them.


Not financial advice. Always DYOR. Capital at risk.