HEN3.DE climbs to highest close since June 15th


Henkel AG & Co. KGaA (HEN3.DE) Technical Analysis Report for Jul 13, 2018 [< 1 min read]
Highlights
HEN3.DE finds buyers at key support level
HEN3.DE fails to close above 200-day moving average
HEN3.DE closes higher for the 2nd day in a row
HEN3.DE pushes through previous session high
HEN3.DE rises to highest close since June 15th
TQ Sentiment
Report Sentiment: 40% Bullish
Technical Forecast:
Overview

Moving higher for the 2nd day in a row, HEN3.DE finished the week 1.2% higher at 110.00 after gaining €1.15 (1.06%) today. Today's closing price of 110.00 marks the highest close since June 15th. Closing above Thursday's high at 109.00, the market confirms its breakout through the prior session's high having traded €1.65 above it intraday.

Daily chart for HEN3.DE
Volatility

Friday's trading range was €1.60 (1.46%), that's slightly below last trading month's daily average range of €1.77. Things look different on a weekly scale, where volatility is slightly below the markets average with the monthly volatility being slightly below average.

Support/Resistance

After trading as low as 109.05 during the day, the share bounced off the key support level at 109.35. The failure to close below the support could increase that levels importance as support going forward. After spiking up to 110.65 during the day, Henkel found resistance at the 200-day moving average at 110.42.

Trend

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

Order Flow

Further buying might move prices higher should the market test June's close-by high at 111.15.

Conclusion

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

Market Conditions for Henkel AG & Co. KGaA
ConditionForecastDirectionWinAvgWorstBestEvents
Close to Swing Low TQ Pro Members Only
Hanging Man TQ Pro Members Only
Close to S1 Support TQ Pro Members Only
Close to Swing High TQ Pro Members Only
Bounced off Technical Support S1 TQ Pro Members Only
More market conditions identified for TQ Pro members...
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Latest Report:

HEN3.DE closes within prior day's range

Jul 16, 2018
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