BT.A.L dominated by bulls lifting the market higher throughout the day


BT Group (BT.A.L) Technical Analysis Report for Jun 14, 2018 [1 min read]
Highlights
BT.A.L rallies 2.93% on high volume
BT.A.L dominated by bulls lifting the market higher throughout the day
BT.A.L unable to break through key resistance level
BT.A.L ends the day on a bullish note closing near the high of the day
BT.A.L pushes through previous session high
TQ Sentiment
Report Sentiment: 66% Bullish
Technical Forecast:
Overview

BT.A.L. L finished Thursday at 214.10 surging £6.10 (2.93%) on high volume. This is the biggest single day gain in over two weeks. Today's closing price of 214.10 marks the highest close since May 11th. The bulls were in full control today, moving the market higher throughout the whole session. Closing above Wednesday's high at 209.25, the share confirms its breakout through the prior session's high having traded £5.95 above it intraday. Ending with a strong close near the high of the day sets a bullish note for the next session.

Daily chart for BT.A.L
Volatility

Thursday's trading range was £8.70 (4.2%), that's far above last trading month's daily average range of £4.07. Weekly volatility is also higher, being above the markets average with the monthly volatility being way below average.

Support/Resistance

Unable to break through the key technical resistance level at 214.80, the market closed below it after spiking as high as 215.20 during the day. The failure to close above the resistance could increase that levels importance as resistance going forward.

Trend

Though the stock is experiencing a short-term up trend, this might just be a correction, as both the medium and long term trends are still in negative territory.

Conclusion

Both sentiments, the classical technical analysis and our quantitative statistics are in perfect alignment today showing a bullish sentiment for the next trading day.

Market Conditions for BT Group
Condition Forecast Direction Win Avg Worst Best Events
Down Close Near Low of Period TQ Pro Members Only
Bearish Break through SMA 100 TQ Pro Members Only
Closed below last periods low TQ Pro Members Only
Close to S1 Support TQ Pro Members Only
Low close to previous two Lows TQ Pro Members Only
More market conditions identified for TQ Pro members...
Learn more about TQ Pro
Trending Assets

Upgrade your trading!

Get the stats behind the charts

Find out what happened when BT Group traded like this in the past. See the odds for each technical pattern with expected gain and loss.

Signup
Stocks Top Movers
NATGAS 2.9550.029 0.99%
SPX 2,841.7619.83 0.70%
NDX 7,449.8648.69 0.66%
INDU 25,326.05138.35 0.55%
ASX 6,329.0029.40 0.47%
CAC 5,403.41-8.91 -0.16%
TBOND 143.875-0.344 -0.24%
GBPUSD 1.2722-0.0043 -0.34%
FTSE 7,611.64-30.86 -0.40%
EURUSD 1.1344-0.0065 -0.57%
Start your day with the facts moving the markets
By clicking "Subscribe", you agree to our terms and privacy policy.

Related Stocks

ABBV 10 day candlestick chart for ABBV96.14 -0.64
-0.66%
ACN 10 day candlestick chart for ACN161.24 1.01
0.63%
ADBE 10 day candlestick chart for ADBE256.05 2.51
0.99%
AAP 10 day candlestick chart for AAP154.80 9.96
6.88%
AES 10 day candlestick chart for AES13.52 0.14
1.05%
AET 10 day candlestick chart for AET197.11 2.40
1.23%
AFL 10 day candlestick chart for AFL46.51 0.21
0.45%
AMG 10 day candlestick chart for AMG147.35 0.95
0.65%
A 10 day candlestick chart for A66.99 1.05
1.59%
ABT 10 day candlestick chart for ABT63.74 0.31
0.49%