IAG.L closes within prior day's range


International Airlines Group (IAG.L) Technical Analysis Report for Jun 14, 2018 [< 1 min read]
Highlights
IAG.L closes higher for the 4th day in a row
IAG.L rises to highest close since Inception
IAG.L closes within previous day's range
TQ Sentiment
Report Sentiment: 16% Bearish
Technical Forecast:
Overview

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.

Daily chart for IAG.L
Volatility

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.

Price Action

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.

Support/Resistance

Prices are trading close to the key resistance level at 722.00.

Trend

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

Order Flow

Buying might accelerate should prices move above the nearby swing high at 722.00 where further buy stops could get triggered.

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 International Airlines Group
Condition Forecast Direction Win Avg Worst Best Events
Bearish Bounce off SMA 50 TQ Pro Members Only
Close to S1 Support TQ Pro Members Only
Gap Up TQ Pro Members Only
Close to Swing High TQ Pro Members Only
Closed above last periods high TQ Pro Members Only
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