AZN.L runs into sellers again around 6122.00
AstraZeneca (AZN.L) Technical Analysis Report for Aug 10, 2018 | by Techniquant Editorial Team
Moving higher for the 4th day in a row, AZN.L finished the week 4.46% higher at 6107.00 after gaining £31.00 (0.51%) today. Today's closing price of 6107.00 marks the highest close since Inception. Closing within the prior day's range, prices failed to decisively move past the previous day's trading range. Ending with a strong close near the high of the day sets a bullish note for the next session.
Daily Candlestick Chart (AZN.L as at Aug 10, 2018):
Friday's trading range was £85.00 (1.4%), that's slightly below last trading month's daily average range of £106.75. Things look different on a weekly scale, where volatility is way above the markets average with the monthly volatility being slightly above average.
After having been unable to move above 6109.00 in the prior session, AstraZeneca ran into sellers again around the same price level today, failing to move higher than 6122.00.
The trend is clearly bullish, showing an intact uptrend in the short, medium and long-term.