BLND.L closes within prior day's range after lackluster session

British Land (BLND.L) Technical Analysis Report for Sep 14, 2018

Highlights

BLND.L closes within previous day's range after lackluster session

TQ Sentiment

Report Sentiment: 0% Neutral
Technical Forecast:

Overview

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.

Daily chart for BLND.L

Volatility

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.

Trend

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

Order Flow

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.

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 British Land

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Sep 21, 2018
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