AHT.L closes higher for the 2nd day in a row
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.
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.
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
|Down Close Near Low of Period||TQ Pro Members Only|
|Close to R1 Resistance||TQ Pro Members Only|
|Closed below last periods low||TQ Pro Members Only|
|Very Strong Down Move||TQ Pro Members Only|
|Black Candle||TQ Pro Members Only|
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