BNZL.L closes higher for the 4th day in a row


Bunzl (BNZL.L) Technical Analysis Report for Jun 14, 2018 [< 1 min read]
Highlights
BNZL.L closes higher for the 4th day in a row
BNZL.L finds buyers again around 2326.00
BNZL.L rises to highest close since June 21, 2017
BNZL.L closes within previous day's range
TQ Sentiment
Technical Forecast:
Overview

Moving higher for the 4th day in a row, BNZL.L ended Thursday at 2350.00 gaining £7.00 (0.3%). Today's closing price of 2350.00 marks the highest close since June 21, 2017. Closing within the prior day's range, prices failed to decisively move past the previous day's trading range.

Daily chart for BNZL.L
Volatility

Thursday's trading range was £36.00 (1.55%), that's far above last trading month's daily average range of £25.85. Weekly volatility is also higher, being above the markets average with the monthly volatility being way below average.

Support/Resistance

Prices are trading close to a key support level at 2327.00. After having been unable to move lower than 2325.00 in the prior session, Bunzl found buyers again around the same price level today at 2326.00.

Trend

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

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 Bunzl
ConditionForecastDirectionWinAvgWorstBestEvents
Bearish Outside Bar TQ Pro Members Only
Close to S1 Support TQ Pro Members Only
Low close to previous low TQ Pro Members Only
High close to previous High TQ Pro Members Only
Bearish Bounce off SMA 20 TQ Pro Members Only
More market conditions identified for TQ Pro members...
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