GSK.L rockets 2.27% on high volume


GlaxoSmithKline (GSK.L) Technical Analysis Report for Jun 14, 2018 [< 1 min read]
Highlights
GSK.L rallies 2.27% on high volume
GSK.L dominated by bulls lifting the market higher throughout the day
GSK.L closes higher for the 6th day in a row
GSK.L pushes through previous session high
GSK.L rises to highest close since July 25, 2017
TQ Sentiment
Report Sentiment: 60% Bullish
Technical Forecast:
Overview

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.

Daily chart for GSK.L
Volatility

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.

Trend

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

Conclusion

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
Condition Forecast Direction Win Avg Worst Best Events
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
More market conditions identified for TQ Pro members...
Learn more about TQ Pro
Trending Assets

Upgrade your trading!

Get the stats behind the charts

Find out what happened when GlaxoSmithKline traded like this in the past. See the odds for each technical pattern with expected gain and loss.

Signup
Stocks Top Movers
NATGAS 2.9550.029 0.99%
SPX 2,841.7619.83 0.70%
NDX 7,449.8648.69 0.66%
INDU 25,326.05138.35 0.55%
ASX 6,329.0029.40 0.47%
CAC 5,403.41-8.91 -0.16%
TBOND 143.875-0.344 -0.24%
GBPUSD 1.2722-0.0043 -0.34%
FTSE 7,611.64-30.86 -0.40%
EURUSD 1.1344-0.0065 -0.57%
Start your day with the facts moving the markets
By clicking "Subscribe", you agree to our terms and privacy policy.

Related Stocks

ABBV 10 day candlestick chart for ABBV96.14 -0.64
-0.66%
ACN 10 day candlestick chart for ACN161.24 1.01
0.63%
ADBE 10 day candlestick chart for ADBE256.05 2.51
0.99%
AAP 10 day candlestick chart for AAP154.80 9.96
6.88%
AES 10 day candlestick chart for AES13.52 0.14
1.05%
AET 10 day candlestick chart for AET197.11 2.40
1.23%
AFL 10 day candlestick chart for AFL46.51 0.21
0.45%
AMG 10 day candlestick chart for AMG147.35 0.95
0.65%
A 10 day candlestick chart for A66.99 1.05
1.59%
ABT 10 day candlestick chart for ABT63.74 0.31
0.49%