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

Ashtead Group (AHT.L) Technical Analysis Report for Jun 14, 2018 | by Techniquant Editorial Team


AHT.L closes higher for the 2nd day in a row
AHT.L pushes through previous session high


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 Candlestick Chart (AHT.L as at Jun 14, 2018):

Daily technical analysis candlestick chart for Ashtead Group (AHT.L) as at Jun 14, 2018

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.

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

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

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.

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