SHP.L closes higher for the 6th day in a row
Shire plc (SHP.L) Technical Analysis Report for May 17, 2018 | by Techniquant Editorial Team
Moving higher for the 6th day in a row, SHP.L ended Thursday at 4218.00 edging higher £2.00 (0.05%). Today's closing price of 4218.00 marks the highest close since August 1, 2017. Closing within the prior day's range, prices failed to decisively move beyond the previous day's trading range in a lackluster session.
Daily Candlestick Chart (SHP.L as at May 17, 2018):
Thursday's trading range was £59.50 (1.4%), that's below last trading month's daily average range of £123.59. Things look different on a weekly scale, where volatility is below the markets average with the monthly volatility being way below average.
After having been unable to move lower than 4192.00 in the prior session, the market found buyers again around the same price level today at 4199.50.
The trend is clearly bullish, showing an intact uptrend in the short, medium and long-term.