LIN.DE rises to highest close since March 12th


Linde AG (LIN.DE) Technical Analysis Report for Jun 14, 2018 [< 1 min read]
Highlights
LIN.DE closes higher for the 5th day in a row
LIN.DE pushes through previous session high
LIN.DE rises to highest close since March 12th
TQ Sentiment
Report Sentiment: 0% Neutral
Technical Forecast:
Overview

Moving higher for the 5th day in a row, LIN.DE finished Thursday at 184.25 gaining €1.25 (0.68%). Today's closing price of 184.25 marks the highest close since March 12th. Closing above Wednesday's high at 183.00, the market confirms its breakout through the previous session's high having traded €2.25 above it intraday.

Daily chart for LIN.DE
Volatility

Thursday's trading range was €3.75 (2.05%), that's slightly above last trading month's daily average range of €3.47. Weekly volatility is also higher, being slightly above the markets average with the monthly volatility being below average.

Support/Resistance

Prices are trading close to the key resistance level at 185.50.

Trend

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

Order Flow

Further buying might move prices higher should the market test May's nearby high at 185.50.

Conclusion

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

Market Conditions for Linde AG
Condition Forecast Direction Win Avg Worst Best Events
Close to S1 Support TQ Pro Members Only
Low close to previous two Lows TQ Pro Members Only
Low close to previous low TQ Pro Members Only
Tweezer Top TQ Pro Members Only
Black Candle TQ Pro Members Only
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