RR.L slips to lowest close since August 1st
Rolls-Royce Holdings (RR.L) Technical Analysis Report for Aug 10, 2018 | by Techniquant Editorial Team
Moving lower for the 2nd day in a row, RR.L ended the week -4.57% lower at 1044.00 after tanking £40.00 (-3.69%) today. This is the biggest single day loss in over a year. Today's closing price of 1044.00 marks the lowest close since August 1st. Trading £11.00 higher after the open, the stock was unable to hold its gains as the bears took control ending the day below its opening price. Closing below Thursday's low at 1076.00, the share confirms its breakout through the prior session's low having traded £35.50 below it intraday. Ending with a weak close near the low of the day sets a bearish note for the next session.
Daily Candlestick Chart (RR.L as at Aug 10, 2018):
Friday's trading range was £20.50 (1.95%), that's slightly below last trading month's daily average range of £21.46. Things look different on a weekly scale, where volatility is slightly above the markets average with the monthly volatility being way above average.
The trend is clearly bullish, showing an intact uptrend in the short, medium and long-term.