ES pushes through prior session high
Eversource Energy (ES) Technical Analysis Report for Aug 10, 2018 | by Techniquant Editorial Team
Moving higher for the 2nd day in a row, ES ended the week 0.69% higher at 61.35 after gaining $0.21 (0.34%) today. Today's closing price of 61.35 marks the highest close since January 31st. Closing above Thursday's high at 61.25, the market confirms its breakout through the prior session's high having traded $0.55 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 (ES as at Aug 10, 2018):
Friday's trading range was $0.60 (0.98%), that's below last trading month's daily average range of $0.79. Things look different on a weekly scale, where volatility is below the markets average with the monthly volatility being slightly above average.
The trend is clearly bullish, showing an intact uptrend in the short, medium and long-term.