HLMA.L climbs to highest close since Inception
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.
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.
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 bullish sentiment.
Market Conditions for Halma
|Close to R1 Resistance||TQ Pro Members Only|
|Closed below last periods low||TQ Pro Members Only|
|Black Candle||TQ Pro Members Only|
|Strong Down Move||TQ Pro Members Only|
|RSI(2) below 20||TQ Pro Members Only|
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