LIN.DE rises to highest close since March 12th
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.
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.
Prices are trading close to the key resistance level at 185.50.
Though still in a long-term downtrend, the short and medium-term trends both turned bullish already.
Further buying might move prices higher should the market test May's nearby high at 185.50.
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
|Down Close Near Low of Period||TQ Pro Members Only|
|Close to R1 Resistance||TQ Pro Members Only|
|2 Consecutive Lower Closes||TQ Pro Members Only|
|Closed below last periods low||TQ Pro Members Only|
|Close to S1 Support||TQ Pro Members Only|
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