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

Technical Analysis Report for NMC.L - May 17, 2018 [< 1 min read]
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
Technical Forecast:

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

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.

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.


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.

Report Market Conditions
Closed above last periods high TQ Pro Members Only
2 Consecutive Higher Closes TQ Pro Members Only
Up Close near high of period TQ Pro Members Only
Decisive Up Move TQ Pro Members Only
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Find out what happened when NMC Health Plc traded like this in the past. See the odds for each technical pattern with expected gain and loss.


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