JE.L closes lower for the 2nd day in a row
Just Eat (JE.L) Technical Analysis Report for Sep 14, 2018
Moving lower for the 2nd day in a row, JE.L finished the week -0.31% lower at 701.80 after losing £2.60 (-0.37%) today. Today's closing price of 701.80 marks the lowest close since September 6th. Closing below Thursday's low at 704.40, the stock confirms its breakout through the previous session's low having traded £8.60 below it intraday.
Friday's trading range was £14.80 (2.08%), that's slightly below last trading month's daily average range of £15.75. Things look different on a weekly scale, where volatility is below 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.
Selling could speed up should prices move below the nearby swing low at 687.80 where further sell stops might get activated.
While classical technical analysis indicates a neutral sentiment for the next trading day, our quantitative statistics show a different picture being bearish.
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