CNA.L ends the day on a bearish note closing near the low of the day

Centrica plc (CNA.L) Technical Analysis Report for Jul 13, 2018 | by Techniquant Editorial Team


CNA.L breaks key support level
CNA.L closes below its opening price unable to hold early session gains
CNA.L ends the day on a bearish note closing near the low of the day
CNA.L closes within previous day's range after lackluster session


CNA.L ended the week -1.81% lower at 160.15 after losing £0.30 (-0.19%) today. Trading £0.95 higher after the open, the stock was unable to hold its gains as the bears took control ending the day below its opening price. Closing within the prior day's range, prices failed to decisively move past the previous day's trading range in a lackluster session. Ending with a weak close near the low of the day sets a bearish note for the next session.

Daily Candlestick Chart (CNA.L as at Jul 13, 2018):

Daily technical analysis candlestick chart for Centrica plc (CNA.L) as at Jul 13, 2018

Friday's trading range was £2.05 (1.27%), that's below last trading month's daily average range of £2.57. Things look different on a weekly scale, where volatility is slightly above the markets average with the monthly volatility being slightly below average.

Breaking below the key support level at 160.40 today, it is now likely to act as resistance going forward.

The trend is clearly bullish, showing an intact uptrend in the short, medium and long-term.

Selling might accelerate should prices move below the nearby swing low at 158.20 where further sell stops could get triggered. As prices are trading close to July's low at 156.90, downside momentum might speed up should the share mark new lows for the month.

Market Conditions for CNA.L as at Jul 13, 2018

Loading Market Conditions for CNA.L (Centrica plc)...
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