RR..L rallies 6.54% on high volume


Rolls-Royce Holdings (RR.L) Technical Analysis Report for Jun 14, 2018 [1 min read]
Highlights
RR..L rallies 6.54% on high volume
RR..L dominated by bulls lifting the market higher throughout the day
RR..L pushes through 200-day moving average
RR..L finds buyers at key support level
RR..L finds support at 100-day moving average
TQ Sentiment
Report Sentiment: 77% Bullish
Technical Forecast:
Overview

RR.. L ended Thursday at 882.80 surging £54.20 (6.54%) on high volume. This is the biggest single day gain in over three months. Today's closing price of 882.80 marks the highest close since April 11th. The bulls were in full control today, moving the market higher throughout the whole session. Closing above Wednesday's high at 843.20, Rolls-Royce Holdings confirms its breakout through the prior session's high having traded £40.40 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 RR.L
Volatility

Thursday's trading range was £38.60 (4.51%), that's far above last trading month's daily average range of £14.88. Weekly volatility is also higher, being way above the markets average with the monthly volatility being slightly above average.

Support/Resistance

After trading as low as 845.00 during the day, the share bounced off the key support level at 845.20. The failure to close below the support could increase that levels importance as support going forward. Prices are trading close to the key resistance level at 889.40. After trading as low as 845.00 during the day, the market found support at the 100-day moving average at 854.48.

Trend

Although still in a long-term downtrend, the short and medium-term trends both turned bullish already. The stock managed to break above the 200-day moving average at 873.34 today for the first time since March 7th.

Order Flow

Trading close to April's high at 903.40 we might see further upside momentum if potential buy stops at the level get activated.

Conclusion

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

Market Conditions for Rolls-Royce Holdings
Condition Forecast Direction Win Avg Worst Best Events
Down Close Near Low of Period TQ Pro Members Only
Bearish Outside Bar TQ Pro Members Only
4 Consecutive Lower Closes TQ Pro Members Only
Closed below last periods low TQ Pro Members Only
Low close to previous low TQ Pro Members Only
More market conditions identified for TQ Pro members...
Learn more about TQ Pro
Trending Assets

Upgrade your trading!

Get the stats behind the charts

Find out what happened when Rolls-Royce Holdings traded like this in the past. See the odds for each technical pattern with expected gain and loss.

Signup
Stocks Top Movers
NATGAS 2.9550.029 0.99%
SPX 2,841.7619.83 0.70%
NDX 7,449.8648.69 0.66%
INDU 25,326.05138.35 0.55%
ASX 6,329.0029.40 0.47%
CAC 5,403.41-8.91 -0.16%
TBOND 143.875-0.344 -0.24%
GBPUSD 1.2722-0.0043 -0.34%
FTSE 7,611.64-30.86 -0.40%
EURUSD 1.1344-0.0065 -0.57%
Start your day with the facts moving the markets
By clicking "Subscribe", you agree to our terms and privacy policy.

Related Stocks

ABBV 10 day candlestick chart for ABBV96.14 -0.64
-0.66%
ACN 10 day candlestick chart for ACN161.24 1.01
0.63%
ADBE 10 day candlestick chart for ADBE256.05 2.51
0.99%
AAP 10 day candlestick chart for AAP154.80 9.96
6.88%
AES 10 day candlestick chart for AES13.52 0.14
1.05%
AET 10 day candlestick chart for AET197.11 2.40
1.23%
AFL 10 day candlestick chart for AFL46.51 0.21
0.45%
AMG 10 day candlestick chart for AMG147.35 0.95
0.65%
A 10 day candlestick chart for A66.99 1.05
1.59%
ABT 10 day candlestick chart for ABT63.74 0.31
0.49%