BLND.L dominated by bears dragging the market lower throughout the day
Moving higher for the 2nd day in a row, BLND.L finished the week -1.17% lower at 656.40 after edging higher £0.40 (0.06%) today. The bears were in full control today, moving the market lower throughout the whole session. Closing within the prior day's range, prices failed to decisively move beyond the previous day's trading range in a lackluster session.
Friday's trading range was £6.20 (0.94%), that's below last trading month's daily average range of £7.29. Things look different on a weekly scale, where volatility is slightly above the markets average with the monthly volatility being above average.
Prices are trading close to a key support level at 652.20. Prices are trading close to the key resistance level at 660.20.
While still in a long-term uptrend, the short and medium-term trends both turned bearish already.
Selling might accelerate should prices move below the close-by swing low at 652.20 where further sell stops could get activated.
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 British Land
|Bearish Break through SMA 200||TQ Pro Members Only|
|Black Candle||TQ Pro Members Only|
|Closed below last periods low||TQ Pro Members Only|
|Price broke through Technical Support S1||TQ Pro Members Only|
|RSI(2) below 20||TQ Pro Members Only|
More market conditions identified for TQ Pro members...
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