BNZL.L closes higher for the 2nd day in a row

Bunzl (BNZL.L) Technical Analysis Report for Jul 13, 2018

Highlights

BNZL.L closes higher for the 2nd day in a row
BNZL.L pushes through previous session high
BNZL.L rises to highest close since June 18th

TQ Sentiment

Report Sentiment:
Neutral
Technical Forecast:
TQ Pro Only
See the overall Technical Analysis forecast for today.

Overview

Moving higher for the 2nd day in a row, BNZL.L ended the week 1.72% higher at 2302.00 after edging higher £2.00 (0.09%) today. Today's closing price of 2302.00 marks the highest close since June 18th. Closing above Thursday's high at 2301.00, the share confirms its breakout through the previous session's high having traded £9.00 above it intraday.

Daily chart for BNZL.L

Volatility

Friday's trading range was £12.00 (0.52%), that's far below last trading month's daily average range of £27.65. Things look different on a weekly scale, where volatility is below the markets average with the monthly volatility being slightly below average.

Support/Resistance

Prices are trading close to the key resistance level at 2307.00.

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 slightly bearish.

Market Conditions for Bunzl

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