BZUN rises to highest close since Inception

Baozun Inc. (BZUN) Technical Analysis Report for May 17, 2018 | by Techniquant Editorial Team


BZUN rallies 18.75% on high volume
BZUN pushes through key resistance level
BZUN dominated by bulls lifting the market higher throughout the day
BZUN pushes through 50-day moving average
BZUN ends the day on a bullish note closing near the high of the day


BZUN finished Thursday at 53.51 surging $8.45 (18.75%) on high volume. This is the biggest single day gain in over two months. Today's closing price of 53.51 marks the highest close since Inception. The bulls were in full control today, moving the market higher throughout the whole session. Closing above Wednesday's high at 45.92, the market confirms its breakout through the previous session's high having traded $7.98 above it intraday. Ending with a strong close near the high of the day sets a bullish note for the next session.

Daily Candlestick Chart (BZUN as at May 17, 2018):

Daily technical analysis candlestick chart for Baozun Inc. (BZUN) as at May 17, 2018

Thursday's trading range was $6.57 (13.83%), that's far above last trading month's daily average range of $2.43. Weekly volatility is also higher, being way above the markets average with the monthly volatility being above average.

Breaking through the key resistance level at 51.68 today, it is now likely to act as support going forward.

The trend is clearly bullish, showing an intact uptrend in the short, medium and long-term. The stock managed to break above the 50-day moving average at 47.02 today for the first time since April 30th.

Market Conditions for BZUN as at May 17, 2018

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