IAG.L closes within prior day's range
Moving higher for the 4th day in a row, IAG.L finished Thursday at 715.20 gaining £3.00 (0.42%) on high volume. Today's closing price of 715.20 marks the highest close since Inception. Closing within the previous day's range, prices failed to decisively move past the prior day's trading range.
Thursday's trading range was £15.00 (2.12%), that's slightly above last trading month's daily average range of £13.32. Weekly volatility is also higher, being above the markets average with the monthly volatility being below average.
During the whole day, prices traded within the previous day's range, unable to trade above the prior day's high or below the previous day's low forming an Inside Bar.
Prices are trading close to the key resistance level at 722.00.
The trend is clearly bullish, showing an intact uptrend in the short, medium and long-term.
Buying might accelerate should prices move above the nearby swing high at 722.00 where further buy stops could get triggered.
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 International Airlines Group
|Close to R1 Resistance||TQ Pro Members Only|
|Closed above last periods high||TQ Pro Members Only|
|Bearish Hikkake Pattern||TQ Pro Members Only|
|Bounced off Technical Resistance R1||TQ Pro Members Only|
|RSI(2) above 80||TQ Pro Members Only|
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