JMAT.L pushes through 20-day moving average

Johnson Matthey (JMAT.L) Technical Analysis Report for Jul 13, 2018 | by Techniquant Editorial Team


JMAT.L rallies 2.37% closing £85.00 higher
JMAT.L closes above its opening price after recovering from early selling pressure
JMAT.L pushes through 20-day moving average
JMAT.L finds support at 50-day moving average
JMAT.L closes higher for the 2nd day in a row


Moving higher for the 2nd day in a row, JMAT.L ended the week 2.72% higher at 3665.00 after surging £85.00 (2.37%) today. This is the biggest single day gain in over a month. Today's closing price of 3665.00 marks the highest close since June 27th. Trading up to £34.00 lower after the open, the share managed to reverse during the session as bulls took control ending the day above its opening price. Closing above Thursday's high at 3589.00, the market confirms its breakout through the previous session's high having traded £80.00 above it intraday. Ending with a strong close near the high of the day sets a bullish note for the next session.

Daily Candlestick Chart (JMAT.L as at Jul 13, 2018):

Daily technical analysis candlestick chart for Johnson Matthey (JMAT.L) as at Jul 13, 2018

Friday's trading range was £93.00 (2.58%), that's above last trading month's daily average range of £70.00. Weekly volatility is also higher, being slightly above the markets average with the monthly volatility being below average.

Prices are trading close to the key resistance level at 3698.00. After trading as low as 3576.00 during the day, the stock found support at the 50-day moving average at 3585.76.

The trend is clearly bullish, showing an intact uptrend in the short, medium and long-term. Johnson Matthey managed to break above the 20-day moving average at 3621.20 today for the first time since May 31st.

Market Conditions for JMAT.L as at Jul 13, 2018

Loading Market Conditions for JMAT.L (Johnson Matthey)...
Trending Assets

Upgrade your trading!

Get the stats behind the charts

Find out what happened when Johnson Matthey traded like this in the past. See the odds for each technical pattern with expected gain and loss.

Find out more
Top Movers
You have free reports remaining. Subscribe for unlimited access...SUBSCRIBELOGINGO!