APRIL SALE: Save over 60% on our Pro Plans!

CPG.L declines to lowest close since April 4th

Technical Analysis Report for CPG.L - Apr 16, 2018 [< 1 min read]
CPG.L breaks key support level
CPG.L dominated by bears dragging the market lower throughout the day
CPG.L closes lower for the 4th day in a row
CPG.L breaks below previous session low
CPG.L falls to lowest close since April 4th
TQ Sentiment
Technical Forecast:

Moving lower for the 4th day in a row, CPG.L finished Monday at 1449.50 losing £10.50 (-0.72%). Today's closing price of 1449.50 marks the lowest close since April 4th. The bears were in full control today, moving the market lower throughout the whole session. Closing below Friday's low at 1454.00, the share confirms its breakout through the prior session's low having traded £10.50 below it intraday.

Daily chart for CPG.L

Monday's trading range was £20.00 (1.37%), that's slightly below last trading month's daily average range of £21.30. Things look different on a weekly scale, where volatility is slightly above the markets average with the monthly volatility being slightly above average.


Breaking below the key support level at 1454.00 today, it is now likely to act as resistance going forward.


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

Order Flow

Selling could speed up should prices move below the nearby swing low at 1427.50 where further sell stops might get triggered. As prices are trading close to April's low at 1427.50, downside momentum could accelerate should the stock mark new lows for the month.


While classical technical analysis indicates a neutral sentiment for the next trading day, our quantitative statistics show a different picture being very bearish.

Report Market Conditions
Price broke through Technical Support S1 TQ Pro Members Only
Closed below last periods low TQ Pro Members Only
4 Consecutive Lower Closes TQ Pro Members Only
Decisive Down Move TQ Pro Members Only
Close to Swing Low TQ Pro Members Only
More market conditions identified for TQ Pro members...
Learn more about TQ Pro
Latest Report:

CPG.L closes within prior day's range

Apr 25, 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.


Stocks Top Movers

USDJPY 109.430.61 0.56%
NKY 22,319.61104.29 0.47%
DXY 90.9550.415 0.46%
CRUDE 68.010.29 0.43%
INDU 24,083.8359.70 0.25%
GBPUSD 1.3932-0.0045 -0.32%
TBOND 141.750-0.594 -0.42%
GOLD 1,324.4-7.8 -0.59%
EURUSD 1.2161-0.0072 -0.59%
FTSE 7,379.32-46.08 -0.62%
Start your day with the facts moving the markets
By clicking "Subscribe", you agree to our terms and privacy policy.