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

Bunzl (BNZL.L) Technical Analysis Report for Jul 13, 2018 | by Techniquant Editorial Team


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


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 Candlestick Chart (BNZL.L as at Jul 13, 2018):

Daily technical analysis candlestick chart for Bunzl (BNZL.L) as at Jul 13, 2018

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.

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

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

Market Conditions for BNZL.L as at Jul 13, 2018

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