GSK.L rockets 2.27% on high volume
Moving higher for the 6th day in a row, GSK.L ended Thursday at 1580.20 surging £35.00 (2.27%) on high volume. This is the biggest single day gain in over two months. Today's closing price of 1580.20 marks the highest close since July 25, 2017. The bulls were in full control today, moving the market higher throughout the whole session. Closing above Wednesday's high at 1549.80, the share confirms its breakout through the prior session's high having traded £40.20 above it intraday.
Thursday's trading range was £44.00 (2.85%), that's far above last trading month's daily average range of £19.52. Weekly volatility is also higher, being way above the markets average with the monthly volatility being above average.
The trend is clearly bullish, showing an intact uptrend in the short, medium and long-term.
While classical technical analysis indicates a slightly bullish sentiment for the next trading day, our quantitative statistics show a different picture being very bearish.
Market Conditions for GlaxoSmithKline
|Close to R1 Resistance||TQ Pro Members Only|
|Close to S1 Support||TQ Pro Members Only|
|Bounced off Technical Support S1||TQ Pro Members Only|
|Bullish Spinning Top||TQ Pro Members Only|
|Bearish Bounce off SMA 20||TQ Pro Members Only|
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