HL..L dominated by bulls lifting the market higher throughout the day


Hargreaves Lansdown (HL.L) Technical Analysis Report for Jun 14, 2018 [< 1 min read]
Highlights
HL..L dominated by bulls lifting the market higher throughout the day
HL..L closes higher for the 4th day in a row
HL..L ends the day on a bullish note closing near the high of the day
HL..L pushes through previous session high
HL..L rises to highest close since Inception
TQ Sentiment
Report Sentiment: 60% Bullish
Technical Forecast:
Overview

Moving higher for the 4th day in a row, HL.. L finished Thursday at 2088.00 gaining £29.00 (1.41%) on high volume. Today's closing price of 2088.00 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 2064.00, Hargreaves Lansdown confirms its breakout through the previous session's high having traded £32.00 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 HL.L
Volatility

Thursday's trading range was £55.00 (2.69%), that's far above last trading month's daily average range of £32.25. Weekly volatility is also higher, being way above the markets average with the monthly volatility being slightly below average.

Trend

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

Conclusion

Even though both sentiments are bullish for the next trading day, the classical technical analysis metrics are only slightly bullish while our quantitative statistics show a very bullish sentiment.

Market Conditions for Hargreaves Lansdown
Condition Forecast Direction Win Avg Worst Best Events
Close to S1 Support TQ Pro Members Only
Closed above last periods high TQ Pro Members Only
2 Consecutive Higher Closes TQ Pro Members Only
Bounced off Technical Support S1 TQ Pro Members Only
Bearish Spinning Top TQ Pro Members Only
More market conditions identified for TQ Pro members...
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Latest Report:

HL.L pushes through prior session high

Aug 14, 2018
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