AHL finds buyers again around 36.47
Aspen Insurance Holdings Limited (AHL) Technical Analysis Report for Aug 10, 2018 | by Techniquant Editorial Team
AHL finished the week -2.77% lower at 36.90 after losing $0.10 (-0.27%) today. Trading up to $0.23 lower after the open, the share managed to reverse during the session as bulls took control ending the day above its opening price. Closing within the previous day's range, prices failed to decisively move past the prior day's trading range in a lackluster session.
Daily Candlestick Chart (AHL as at Aug 10, 2018):
Friday's trading range was $0.58 (1.58%), that's below last trading month's daily average range of $0.84. Things look different on a weekly scale, where volatility is slightly below the markets average with the monthly volatility being above average. Prices continued to consolidate within a tight trading range between 36.47 and 37.20 which it has been in now for the last three days.
After having been unable to move lower than 36.55 in the previous session, the market found buyers again around the same price level today at 36.47.
The trend is clearly bearish, showing an intact downtrend in the short, medium and long-term.