INF.L closes within prior day's range after lackluster session
Informa (INF.L) Technical Analysis Report for Jul 13, 2018
INF.L finished the week 3.87% higher at 859.00 after flat today. Trading £6.60 higher after the open, the market was unable to hold its gains as the bears took control ending the day below its opening price. Closing within the prior day's range, prices failed to decisively move past the previous day's trading range in a lackluster session.
Friday's trading range was £10.60 (1.23%), that's below last trading month's daily average range of £12.77. Things look different on a weekly scale, where volatility is way above the markets average with the monthly volatility being slightly below average.
The trend is clearly bullish, showing an intact uptrend in the short, medium and long-term.
While classical technical analysis indicates a neutral sentiment for the next trading day, our quantitative statistics show a different picture being bearish.