NMC.L dominated by bulls lifting the market higher throughout the day
NMC Health Plc (NMC.L) Technical Analysis Report for May 17, 2018 | by Techniquant Editorial Team
Moving higher for the 2nd day in a row, NMC.L finished Thursday at 3674.00 gaining £56.00 (1.55%). Today's closing price of 3674.00 marks the highest close since April 20th. The bulls were in full control today, moving the market higher throughout the whole session. Closing above Wednesday's high at 3634.00, the market confirms its breakout through the prior session's high having traded £40.00 above it intraday. Ending with a strong close near the high of the day sets a bullish note for the next session.
Daily Candlestick Chart (NMC.L as at May 17, 2018):
Thursday's trading range was £76.00 (2.11%), that's slightly above last trading month's daily average range of £75.00. Things look different on a weekly scale, where volatility is below the markets average with the monthly volatility being below average.
The trend is clearly bullish, showing an intact uptrend in the short, medium and long-term.
With prices trading close to this year's high at 3718.00, upside momentum could speed up should the share be able to break out to new highs for the year.