JE.L closes lower for the 2nd day in a row


Just Eat (JE.L) Technical Analysis Report for Sep 14, 2018 | by Techniquant Editorial Team

Highlights

JE.L closes lower for the 2nd day in a row
JE.L breaks below previous session low
JE.L falls to lowest close since September 6th

Overview

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.

Daily Candlestick Chart (JE.L as at Sep 14, 2018):

Daily technical analysis candlestick chart for Just Eat (JE.L) as at Sep 14, 2018

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.


Market Conditions for JE.L as at Sep 14, 2018

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