NMC.L closes higher for the 2nd day in a row


NMC Health Plc (NMC.L) Technical Analysis Report for Jul 13, 2018 [< 1 min read]
Highlights
NMC.L unable to break through key resistance level
NMC.L closes higher for the 2nd day in a row
NMC.L pushes through previous session high
NMC.L rises to highest close since May 25th
NMC.L ends the day indecisive
TQ Sentiment
Report Sentiment: 0% Neutral
Technical Forecast:
Overview

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.

Daily chart for NMC.L
Volatility

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.

Support/Resistance

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.

Trend

The trend is clearly bullish, showing an intact uptrend in the short, medium and long-term.

Conclusion

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

Market Conditions for NMC Health Plc
ConditionForecastDirectionWinAvgWorstBestEvents
Price broke through Technical Resistance R1 TQ Pro Members Only
Close to S1 Support TQ Pro Members Only
7 Consecutive Higher Closes TQ Pro Members Only
Closed above last periods high TQ Pro Members Only
More market conditions identified for TQ Pro members...
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