NMC.L dominated by bulls lifting the market higher throughout the day


NMC Health Plc (NMC.L) Technical Analysis Report for May 17, 2018 [< 1 min read]
Highlights
NMC.L dominated by bulls lifting the market higher throughout the day
NMC.L closes higher for the 2nd day in a row
NMC.L ends the day on a bullish note closing near the high of the day
NMC.L pushes through previous session high
NMC.L rises to highest close since April 20th
TQ Sentiment
Report Sentiment: 60% Bullish
Technical Forecast:
Overview

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 chart for NMC.L
Volatility

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.

Trend

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

Order Flow

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.

Conclusion

Even though both sentiments are bullish for the next trading day, the classical technical analysis metrics are only slightly bullish while our quantitative statistics show a bullish sentiment.

Market Conditions for NMC Health Plc
Condition Forecast Direction Win Avg Worst Best Events
Close to Swing High TQ Pro Members Only
High close to previous High TQ Pro Members Only
Bullish Spinning Top TQ Pro Members Only
Bullish Intraday Reversal TQ Pro Members Only
Close to Swing Low TQ Pro Members Only
More market conditions identified for TQ Pro members...
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