ANTO.L closes higher for the 7th day in a row


Antofagasta plc (ANTO.L) Technical Analysis Report for May 17, 2018 [< 1 min read]
Highlights
ANTO.L closes higher for the 7th day in a row
ANTO.L pushes through previous session high
ANTO.L rises to highest close since March 15, 2013
TQ Sentiment
Report Sentiment: 33% Bullish
Technical Forecast:
Overview

Moving higher for the 7th day in a row, ANTO.L ended Thursday at 1081.50 gaining £13.50 (1.26%). Today's closing price of 1081.50 marks the highest close since March 15, 2013. Closing above Wednesday's high at 1076.00, Antofagasta confirms its breakout through the previous session's high having traded £15.50 above it intraday.

Daily chart for ANTO.L
Volatility

Thursday's trading range was £27.50 (2.57%), that's above last trading month's daily average range of £23.09. Things look different on a weekly scale, where volatility is slightly below the markets average with the monthly volatility being way above average.

Trend

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

Conclusion

While classical technical analysis indicates a neutral sentiment for the next trading day, our quantitative statistics show a different picture being bearish.

Market Conditions for Antofagasta plc
Condition Forecast Direction Win Avg Worst Best Events
Close to R1 Resistance TQ Pro Members Only
Closed below last periods low TQ Pro Members Only
52 Week Low TQ Pro Members Only
Black Candle TQ Pro Members Only
Price broke through Technical Support S1 TQ Pro Members Only
More market conditions identified for TQ Pro members...
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