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


SHP.L closes higher for the 6th day in a row
SHP.L finds buyers again around 4199.50
SHP.L rises to highest close since August 1, 2017
SHP.L closes within previous day's range after lackluster session


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):

Daily technical analysis candlestick chart for Shire plc (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.

Market Conditions for SHP.L as at May 17, 2018

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