NMC.L closes higher for the 2nd day in a row
NMC Health Plc (NMC.L) Technical Analysis Report for Jul 13, 2018
Moving higher for the 2nd day in a row, NMC.L ended the week 6.52% higher at 3690.00 after gaining £38.00 (1.04%) today. Today's closing price of 3690.00 marks the highest close since May 25th. Closing above Thursday's high at 3652.00, NMC Health confirms its breakout through the prior session's high having traded £92.00 above it intraday. Ending the day with an indecisive close, neither buyers nor sellers were able to gain control during the session.
Friday's trading range was £80.00 (2.18%), that's above last trading month's daily average range of £68.20. Weekly volatility is also higher, being way above the markets average with the monthly volatility being slightly below average.
Unable to break through the key technical resistance level at 3724.00, the market closed below it after spiking as high as 3744.00 during the day. The failure to close above the resistance could increase that levels importance as resistance going forward.
The trend is clearly bullish, showing an intact uptrend in the short, medium and long-term.
While classical technical analysis indicates a neutral sentiment for the next trading day, our quantitative statistics show a different picture being slightly bearish.