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

Highlights

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

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 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.


Market Conditions for AHT.L as at Jun 14, 2018

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