JE.L ends the day on a bearish note closing near the low of the day


Just Eat (JE.L) Technical Analysis Report for Aug 10, 2018 | by Techniquant Editorial Team

Highlights

JE.L finds support at 200-day moving average
JE.L ends the day on a bearish note closing near the low of the day
JE.L still stuck within tight trading range
JE.L closes within previous day's range after lackluster session

Overview

JE.L ended the week -0.92% lower at 799.00 after losing £6.60 (-0.82%) today. Closing within the prior day's range, prices failed to decisively move past the previous day's trading range in a lackluster session. Ending with a weak close near the low of the day sets a bearish note for the next session.

Daily Candlestick Chart (JE.L as at Aug 10, 2018):

Daily technical analysis candlestick chart for Just Eat (JE.L) as at Aug 10, 2018

Friday's trading range was £12.60 (1.56%), that's below last trading month's daily average range of £22.41. Things look different on a weekly scale, where volatility is below the markets average with the monthly volatility being slightly below average. Prices continued to consolidate within a tight trading range between 778.20 and 809.60 which it has been in now for the last trading week.

Prices are trading close to a key support level at 793.00. After trading as low as 797.00 during the day, the market found support at the 200-day moving average at 798.67.

Though still in a long-term uptrend, the short and medium-term trends both turned bearish already.

Selling could speed up should prices move below the close-by swing low at 786.00 where further sell stops might get triggered.


Market Conditions for JE.L as at Aug 10, 2018

Loading Market Conditions for JE.L (Just Eat)...
Latest Report:

JE.L finds buyers again around 567.20

Dec 14, 2018
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