HLMA.L climbs to highest close since Inception

Halma (HLMA.L) Technical Analysis Report for Jun 14, 2018 | by Techniquant Editorial Team


HLMA.L rallies 1.46% closing £21.00 higher
HLMA.L closes higher for the 10th day in a row
HLMA.L ends the day on a bullish note closing near the high of the day
HLMA.L finds buyers again around 1420.00
HLMA.L pushes through previous session high


Moving higher for the 10th day in a row, HLMA.L ended Thursday at 1456.00 surging £21.00 (1.46%). This is the biggest single day gain in over three weeks. Today's closing price of 1456.00 marks the highest close since Inception. Closing above Wednesday's high at 1448.00, the market confirms its breakout through the previous session's high having traded £14.00 above it intraday. Ending with a strong close near the high of the day sets a bullish note for the next session.

Daily Candlestick Chart (HLMA.L as at Jun 14, 2018):

Daily technical analysis candlestick chart for Halma (HLMA.L) as at Jun 14, 2018

Thursday's trading range was £42.00 (2.94%), that's far above last trading month's daily average range of £23.50. Weekly volatility is also higher, being way above the markets average with the monthly volatility being above average.

In a volatile session, prices traded above the prior day's high as well as below the previous day's low, forming a bullish Outside Bar.

After having been unable to move lower than 1423.00 in the prior session, Halma found buyers again around the same price level today at 1420.00.

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

Buying could accelerate should prices move above the close-by swing high at 1470.00 where further buy stops might get triggered.

Trending Assets

Upgrade your trading!

Get the stats behind the charts

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

Find out more
Top Movers
You have free reports remaining. Subscribe for unlimited access...SUBSCRIBELOGINGO!