LLC.AX pops to highest close since October 17, 2017
Lend Lease Group (LLC.AX) Technical Analysis Report for May 17, 2018 | by Techniquant Editorial Team
Moving higher for the 6th day in a row, LLC.AX finished Thursday at 18.39 edging higher A$0.01 (0.05%) on low volume. Today's closing price of 18.39 marks the highest close since October 17, 2017. Closing within the previous day's range, prices failed to decisively move past the prior day's trading range in a lackluster session. Ending the day with an indecisive close, neither buyers nor sellers were able to gain control during the session.
Daily Candlestick Chart (LLC.AX as at May 17, 2018):
Thursday's trading range was A$0.17 (0.92%), that's below last trading month's daily average range of A$0.24. Things look different on a weekly scale, where volatility is below the markets average with the monthly volatility being slightly below average.
The market ran into sellers again today around 18.48 for the third trading day in a row after having found sellers at 18.46 in the previous session and at 18.45 two days ago.
The trend is clearly bullish, showing an intact uptrend in the short, medium and long-term.
2,017's high at 18.74 is within reach and we might see further upside momentum should the stock manage to break out beyond.