AHT.L closes higher for the 2nd day in a row


Ashtead Group (AHT.L) Technical Analysis Report for Jun 14, 2018 [< 1 min read]
Highlights
AHT.L closes higher for the 2nd day in a row
AHT.L pushes through previous session high
TQ Sentiment
Report Sentiment: 66% Bullish
Technical Forecast:
Overview

Moving higher for the 2nd day in a row, AHT.L ended Thursday at 2384.00 gaining £12.00 (0.51%) on high volume. Closing above Wednesday's high at 2379.50, the share confirms its breakout through the previous session's high having traded £21.50 above it intraday.

Daily chart for AHT.L
Volatility

Thursday's trading range was £47.00 (2.0%), that's far above last trading month's daily average range of £36.23. Things look different on a weekly scale, where volatility is slightly below the markets average with the monthly volatility being way below average.

Support/Resistance

Prices are trading close to a key support level at 2362.00.

Trend

The trend is clearly bullish, showing an intact uptrend in the short, medium and long-term.

Order Flow

As prices are trading close to June's low at 2334.00, downside momentum could accelerate should the stock mark new lows for the month.

Conclusion

Even though both sentiments are bullish for the next trading day, the classical technical analysis metrics are only bullish while our quantitative statistics show a very bullish sentiment.

Market Conditions for Ashtead Group
Condition Forecast Direction Win Avg Worst Best Events
4 Consecutive Lower Closes TQ Pro Members Only
Close to S1 Support TQ Pro Members Only
Low close to previous low TQ Pro Members Only
Black Candle TQ Pro Members Only
High close to previous High TQ Pro Members Only
More market conditions identified for TQ Pro members...
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