NXT.L pushes through prior session high
Next plc (NXT.L) Technical Analysis Report for Jul 13, 2018 | by Techniquant Editorial Team
NXT.L ended the week 5.28% higher at 6106.00 after gaining £58.00 (0.96%) today. Today's closing price of 6106.00 marks the highest close since June 15th. Closing above Thursday's high at 6062.00, Next plc confirms its breakout through the previous session's high having traded £162.00 above it intraday. Ending the day with an indecisive close, neither buyers nor sellers were able to gain control during the session.
Daily Candlestick Chart (NXT.L as at Jul 13, 2018):
Friday's trading range was £156.00 (2.57%), that's far above last trading month's daily average range of £110.10. Weekly volatility is also higher, being way above the markets average with the monthly volatility being slightly above average.
Unable to break through the key technical resistance level at 6118.00, the stock closed below it after spiking as high as 6224.00 during the day. The failure to close above the resistance might increase that levels importance as resistance going forward.
The trend is clearly bullish, showing an intact uptrend in the short, medium and long-term.