LAND.L pushes through Thursday's high
Land Securities (LAND.L) Technical Analysis Report for Dec 07, 2018 | by Techniquant Editorial Team
LAND.L ended the week 1.13% higher at 822.40 after gaining £16.00 (1.98%) today, outperforming the FTSE 100 (1.1%). Closing above Thursday's high at 819.20, the share confirmed its breakout through the prior session high after trading up to £16.20 above it intraday.
Daily Candlestick Chart (LAND.L as at Dec 07, 2018):
Friday's trading range has been £23.80 (2.92%), that's slightly above the last trading month's daily average range of £21.04. Things look different on the weekly timeframe, where the market's trading range of the last week has been way below the market's average weekly trading range. The longer-term, monthly volatility is currently notably higher than usual for LAND.L. Prices continued to consolidate within a tight trading range between 801.00 and 835.40 where it has been caught now for the whole last trading week.
The trend is clearly bearish, showing an intact downtrend in the short, medium and long-term.