CPG.L rises to highest close since August 16, 2017
Compass Group PLC (CPG.L) Technical Analysis Report for Jul 13, 2018
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.
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.
While classical technical analysis indicates a neutral sentiment for the next trading day, our quantitative statistics show a different picture being slightly bearish.