BNZL.L closes higher for the 2nd day in a row
Bunzl (BNZL.L) Technical Analysis Report for Jul 13, 2018
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.
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.
While classical technical analysis indicates a neutral sentiment for the next trading day, our quantitative statistics show a different picture being slightly bearish.