BLND.L closes within prior day's range after lackluster session
British Land (BLND.L) Technical Analysis Report for Sep 14, 2018
BLND.L ended the week 0.33% higher at 615.40 after flat today. Closing within the previous day's range, prices failed to decisively move past the prior day's trading range in a lackluster session.
Friday's trading range was £6.00 (0.97%), that's below last trading month's daily average range of £7.94. Things look different on a weekly scale, where volatility is way below the markets average with the monthly volatility being slightly below average.
The trend is clearly bearish, showing an intact downtrend in the short, medium and long-term.
Buying might accelerate should prices move above the nearby swing high at 622.40 where further buy stops could get activated. Selling might speed up should prices move below the close-by swing low at 609.20 where further sell stops could get triggered.
While classical technical analysis indicates a neutral sentiment for the next trading day, our quantitative statistics show a different picture being bullish.
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