KGF.L dominated by bulls lifting the market higher throughout the day


Kingfisher plc (KGF.L) Technical Analysis Report for Jun 14, 2018 [< 1 min read]
Highlights
KGF.L pushes through key resistance level
KGF.L dominated by bulls lifting the market higher throughout the day
KGF.L pushes through previous session high
KGF.L rises to highest close since March 21st
TQ Sentiment
Technical Forecast:
Overview

KGF.L ended Thursday at 314.50 gaining £5.10 (1.65%). Today's closing price of 314.50 marks the highest close since March 21st. The bulls were in full control today, moving the market higher throughout the whole session. Closing above Wednesday's high at 313.00, the stock confirms its breakout through the prior session's high having traded £4.00 above it intraday.

Daily chart for KGF.L
Volatility

Thursday's trading range was £10.20 (3.32%), that's far above last trading month's daily average range of £6.70. Weekly volatility is also higher, being slightly above the markets average with the monthly volatility being slightly above average.

Price Action

In a volatile session, prices traded above the previous day's high as well as below the prior day's low, forming a bullish Outside Bar.

Support/Resistance

Breaking through the key resistance level at 309.80 today, it is now likely to act as support going forward.

Trend

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

Conclusion

While classical technical analysis indicates a bullish sentiment for the next trading day, our quantitative statistics show a different picture being bearish.

Market Conditions for Kingfisher plc
ConditionForecastDirectionWinAvgWorstBestEvents
3 Consecutive Lower Closes TQ Pro Members Only
Close to S1 Support TQ Pro Members Only
Bullish Spinning Top TQ Pro Members Only
RSI(2) below 20 TQ Pro Members Only
Bullish Intraday Reversal TQ Pro Members Only
More market conditions identified for TQ Pro members...
Learn more about TQ Pro
Trending Assets

Upgrade your trading!

Get the stats behind the charts

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

Signup

Stocks Top Movers

ETHUSD 536.1919.91 3.86%
NKY 22,555.43276.95 1.24%
HSI 29,696.17228.02 0.77%
BTCUSD 6,737.8430.35 0.45%
DXY 94.7300.270 0.29%
EURUSD 1.1592-0.0031 -0.27%
GOLD 1,277.0-3.6 -0.28%
NDX 7,228.04-23.37 -0.32%
FTSE 7,603.85-27.45 -0.36%
SPX 2,762.57-11.30 -0.41%
Start your day with the facts moving the markets
By clicking "Subscribe", you agree to our terms and privacy policy.

Related Stocks

ABBV 10 day candlestick chart for ABBV98.01 -0.47
-0.48%
ACN 10 day candlestick chart for ACN163.31 0.43
0.26%
ADBE 10 day candlestick chart for ADBE251.74 -3.95
-1.54%
AAP 10 day candlestick chart for AAP138.30 0.06
0.04%
AES 10 day candlestick chart for AES13.08 0.01
0.08%
AET 10 day candlestick chart for AET189.28 2.33
1.25%
AFL 10 day candlestick chart for AFL45.00 -0.17
-0.38%
AMG 10 day candlestick chart for AMG154.00 1.00
0.65%
A 10 day candlestick chart for A63.52 -1.45
-2.23%
ABT 10 day candlestick chart for ABT62.34 -0.48
-0.76%