EXPN.L pushes through previous session high


Technical Analysis Report for EXPN.L - May 17, 2018 [< 1 min read]
Highlights
EXPN.L rallies 5.59% on high volume
EXPN.L pushes through key resistance level
EXPN.L dominated by bulls lifting the market higher throughout the day
EXPN.L ends the day on a bullish note closing near the high of the day
EXPN.L pushes through previous session high
TQ Sentiment
Technical Forecast:
Overview

EXPN.L ended Thursday at 1804.50 surging £95.50 (5.59%) on high volume. This is the biggest single day gain since Inception. Today's closing price of 1804.50 marks the highest close since Inception. The bulls were in full control today, moving the market higher throughout the whole session. Closing above Wednesday's high at 1721.50, Experian confirms its breakout through the prior session's high having traded £91.00 above it intraday. Ending with a strong close near the high of the day sets a bullish note for the next session.

Daily chart for EXPN.L
Volatility

Thursday's trading range was £69.00 (3.93%), that's far above last trading month's daily average range of £25.12. Weekly volatility is also higher, being way above the markets average with the monthly volatility being way above average.

Support/Resistance

Breaking through the key resistance level at 1768.00 today, it is now likely to act as support going forward.

Trend

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

Conclusion

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

Report Market Conditions
ConditionForecastDirectionWinAvgWorstBest
Price broke through Technical Resistance R1 TQ Pro Members Only
Closed above last periods high TQ Pro Members Only
Up Close near high of period TQ Pro Members Only
Strong Up Move TQ Pro Members Only
Decisive Up Move TQ Pro Members Only
More market conditions identified for TQ Pro members...
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Latest Report:

EXPN.L stuck within tight trading range

May 23, 2018
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