CCH.L breaks below previous session low


Technical Analysis Report for CCH.L - May 17, 2018 [< 1 min read]
Highlights
CCH.L closes lower for the 2nd day in a row
CCH.L breaks below previous session low
TQ Sentiment
Technical Forecast:
Overview

Moving lower for the 2nd day in a row, CCH.L ended Thursday at 2574.00 losing £24.00 (-0.92%). Closing below Wednesday's low at 2578.00, the share confirms its breakout through the previous session's low having traded £10.00 below it intraday.

Daily chart for CCH.L
Volatility

Thursday's trading range was £26.00 (1.01%), that's below last trading month's daily average range of £44.25. Things look different on a weekly scale, where volatility is way above the markets average with the monthly volatility being slightly below average.

Support/Resistance

Prices are trading close to a key support level at 2566.00.

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 bullish.

Report Market Conditions
ConditionForecastDirectionWinAvgWorstBest
Closed below last periods low TQ Pro Members Only
Close to S1 Support TQ Pro Members Only
2 Consecutive Lower Closes TQ Pro Members Only
More market conditions identified for TQ Pro members...
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Latest Report:

CCH.L breaks below prior session low

May 23, 2018
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