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

Bunzl (BNZL.L) Technical Analysis Report for Jun 14, 2018 | by Techniquant Editorial Team


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


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 Candlestick Chart (BNZL.L as at Jun 14, 2018):

Daily technical analysis candlestick chart for Bunzl (BNZL.L) as at Jun 14, 2018

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.

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.

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

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