CNA.L breaks below 200-day moving average

Centrica plc (CNA.L) Technical Analysis Report for Sep 14, 2018 | by Techniquant Editorial Team


CNA.L breaks below 200-day moving average
CNA.L fails to close above 200-day moving average
CNA.L breaks below previous session low
CNA.L falls to lowest close since September 4th


CNA.L finished the week -3.24% lower at 143.30 after losing £1.10 (-0.76%) today. Today's closing price of 143.30 marks the lowest close since September 4th. Closing below Thursday's low at 143.65, the market confirms its breakout through the prior session's low having traded £1.40 below it intraday.

Daily Candlestick Chart (CNA.L as at Sep 14, 2018):

Daily technical analysis candlestick chart for Centrica plc (CNA.L) as at Sep 14, 2018

Friday's trading range was £2.75 (1.91%), that's slightly below last trading month's daily average range of £2.99. Things look different on a weekly scale, where volatility is above the markets average with the monthly volatility being slightly above average.

Prices are trading close to a key support level at 141.60. After spiking up to 145.00 during the day, the stock found resistance at the 200-day moving average at 144.38.

The trend is clearly bearish, showing an intact downtrend in the short, medium and long-term. Centrica broke below the 200-day moving average at 144.38 today for the first time since September 4th.

Further selling might move prices lower should the market test August's nearby low at 140.85.

Market Conditions for CNA.L as at Sep 14, 2018

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

Upgrade your trading!

Get the stats behind the charts

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

Find out more
Top Movers
You have free reports remaining. Subscribe for unlimited access...SUBSCRIBELOGINGO!