EXPN.L finds buyers again around 1899.00
Experian plc (EXPN.L) Technical Analysis Report for Jul 13, 2018
EXPN.L ended the week 0.45% higher at 1907.00 after losing £13.50 (-0.7%) today on high volume. Closing within the previous day's range, prices failed to decisively move beyond the prior day's trading range. Ending with a weak close near the low of the day sets a bearish note for the next session.
Friday's trading range was £41.00 (2.16%), that's far above last trading month's daily average range of £27.12. Weekly volatility is also higher, being slightly above the markets average with the monthly volatility being slightly above average.
In a volatile session, prices traded above the previous day's high as well as below the prior day's low, forming a bullish Outside Bar.
Prices are trading close to a key support level at 1892.50. After having been unable to move lower than 1902.50 in the previous session, the share found buyers again around the same price level today at 1899.00.
The trend is clearly bullish, showing an intact uptrend in the short, medium and long-term.
Selling could speed up should prices move below the nearby swing low at 1892.50 where further sell stops might get triggered.
While classical technical analysis indicates a neutral sentiment for the next trading day, our quantitative statistics show a different picture being bullish.