CPG.L rises to highest close since August 16, 2017


Compass Group PLC (CPG.L) Technical Analysis Report for Jul 13, 2018 | by Techniquant Editorial Team

Highlights

CPG.L closes higher for the 2nd day in a row
CPG.L pushes through previous session high
CPG.L rises to highest close since August 16, 2017
CPG.L ends the day indecisive

Overview

Moving higher for the 2nd day in a row, CPG.L ended the week 4.71% higher at 1666.00 after gaining £17.00 (1.03%) today. Today's closing price of 1666.00 marks the highest close since August 16, 2017. Closing above Thursday's high at 1650.00, the market confirms its breakout through the prior session's high having traded £34.50 above it intraday. Ending the day with an indecisive close, neither buyers nor sellers were able to gain control during the session.

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

Daily technical analysis candlestick chart for Compass Group PLC (CPG.L) as at Jul 13, 2018

Friday's trading range was £29.50 (1.78%), that's slightly above last trading month's daily average range of £25.35. Weekly volatility is also higher, being way above the markets average with the monthly volatility being above average.

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


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

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CPG.L finds buyers at key support level

Dec 14, 2018
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