INF.L dominated by bears dragging the market lower throughout the day
Informa (INF.L) Technical Analysis Report for Sep 14, 2018 | by Techniquant Editorial Team
Moving lower for the 2nd day in a row, INF.L ended the week -2.42% lower at 734.60 after tanking £16.00 (-2.13%) today. This is the biggest single day loss in over a month. Today's closing price of 734.60 marks the lowest close since April 26th. The bears were in full control today, moving the market lower throughout the whole session. Closing below Thursday's low at 745.80, Informa confirms its breakout through the previous session's low having traded £14.00 below it intraday. Ending with a weak close near the low of the day sets a bearish note for the next session.
Daily Candlestick Chart (INF.L as at Sep 14, 2018):
Friday's trading range was £19.40 (2.59%), that's far above last trading month's daily average range of £10.68. Weekly volatility is also higher, being slightly above the markets average with the monthly volatility being slightly above average.
The trend is clearly bearish, showing an intact downtrend in the short, medium and long-term.