BKG.L finds support at 20-day moving average


Berkeley Group Holdings (BKG.L) Technical Analysis Report for Aug 10, 2018 [1 min read]
Highlights
BKG.L finds buyers around 3691.00 for the third day in a row
BKG.L finds support at 20-day moving average
BKG.L closes lower for the 2nd day in a row
BKG.L still stuck within tight trading range
BKG.L closes within previous day's range after lackluster session
TQ Sentiment
Report Sentiment: 33% Bullish
Technical Forecast:
Overview

Moving lower for the 2nd day in a row, BKG.L finished the week 0.65% higher at 3700.00 after losing £8.00 (-0.22%) today. Closing within the prior day's range, prices failed to decisively move beyond the previous day's trading range in a lackluster session. Ending the day with an indecisive close, neither buyers nor sellers were able to gain control during the session.

Daily chart for BKG.L
Volatility

Friday's trading range was £33.00 (0.89%), that's far below last trading month's daily average range of £55.80. Things look different on a weekly scale, where volatility is slightly below the markets average with the monthly volatility being below average. Prices continued to consolidate within a tight trading range between 3670.00 and 3753.00 which it has been in now for the last trading week.

Support/Resistance

Prices are trading close to a key support level at 3668.00. The stock found buyers again today around 3691.00 for the third trading day in a row after having found demand at 3692.00 in the prior session and at 3683.00 two days ago. After trading as low as 3691.00 during the day, the market found support at the 20-day moving average at 3697.84.

Trend

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

Order Flow

Buying could speed up should prices move above the nearby swing high at 3753.00 where further buy stops might get activated. Selling could accelerate should prices move below the close-by swing low at 3683.00 where further sell stops might get triggered.

Conclusion

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

Market Conditions for Berkeley Group Holdings
Condition Forecast Direction Win Avg Worst Best Events
Closed below last periods low TQ Pro Members Only
Black Candle TQ Pro Members Only
5 Consecutive Lower Closes TQ Pro Members Only
More market conditions identified for TQ Pro members...
Learn more about TQ Pro
Latest Report:

BKG.L breaks below prior session low

Aug 15, 2018
Trending Assets

Upgrade your trading!

Get the stats behind the charts

Find out what happened when Berkeley Group Holdings traded like this in the past. See the odds for each technical pattern with expected gain and loss.

Signup
Stocks Top Movers
BTCUSD 6,266.7342.19 0.68%
TBOND 144.5620.687 0.48%
ASX 6,329.0029.40 0.47%
EURUSD 1.13460.0002 0.02%
DXY 96.580-0.025 -0.03%
GBPUSD 1.2696-0.0026 -0.20%
ETHUSD 279.29-0.83 -0.30%
USDJPY 110.74-0.41 -0.37%
NATGAS 2.939-0.016 -0.54%
Start your day with the facts moving the markets
By clicking "Subscribe", you agree to our terms and privacy policy.

Related Stocks

ABBV 10 day candlestick chart for ABBV97.45 1.53
1.60%
ACN 10 day candlestick chart for ACN160.41 -0.83
-0.51%
ADBE 10 day candlestick chart for ADBE250.52 -5.53
-2.16%
AAP 10 day candlestick chart for AAP158.03 1.90
1.22%
AES 10 day candlestick chart for AES13.49 -0.01
-0.07%
AET 10 day candlestick chart for AET197.29 0.34
0.17%
AFL 10 day candlestick chart for AFL46.29 -0.22
-0.47%
AMG 10 day candlestick chart for AMG145.43 -1.20
-0.82%
A 10 day candlestick chart for A64.73 -2.02
-3.03%
ABT 10 day candlestick chart for ABT63.47 -0.16
-0.25%