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

Compass Group PLC (CPG.L) Technical Analysis Report for Jul 13, 2018

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

TQ Sentiment

Report Sentiment:
25% Bullish
Technical Forecast:

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 chart for CPG.L

Volatility

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.

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 slightly bearish.

Market Conditions for Compass Group PLC

Loading Market Conditions for $CPG.L (Compass Group PLC)...
Latest Report:

CPG.L pushes through prior session high

Sep 24, 2018
Trending Assets

Upgrade your trading!

Get the stats behind the charts

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

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