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


Bunzl (BNZL.L) Technical Analysis Report for Jul 13, 2018 [< 1 min read]
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: 0% Neutral
Technical Forecast:
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
ConditionForecastDirectionWinAvgWorstBestEvents
Bearish Intraday Reversal TQ Pro Members Only
Close to Swing Low TQ Pro Members Only
High close to previous High TQ Pro Members Only
Bullish Bounce off SMA 20 TQ Pro Members Only
Closed below last periods low TQ Pro Members Only
More market conditions identified for TQ Pro members...
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