CRH.L closes lower for the 2nd day in a row
CRH plc (CRH.L) Technical Analysis Report for Aug 10, 2018 | by Techniquant Editorial Team
Moving lower for the 2nd day in a row, CRH.L ended the week -1.22% lower at 2520.00 after losing £19.00 (-0.75%) today. Today's closing price of 2520.00 marks the lowest close since August 2nd. Closing within the prior day's range, prices failed to decisively move beyond the previous day's trading range.
Daily Candlestick Chart (CRH.L as at Aug 10, 2018):
Friday's trading range was £38.00 (1.5%), that's slightly below last trading month's daily average range of £46.00. Things look different on a weekly scale, where volatility is slightly below the markets average with the monthly volatility being way above average.
Prices are trading close to a key support level at 2493.00.
Although still in a long-term uptrend, the short and medium-term trends both turned bearish already.
Selling could accelerate should prices move below the nearby swing low at 2493.00 where further sell stops might get triggered.