SMDS.L pushes through previous session high


Smith, D.S. (SMDS.L) Technical Analysis Report for Jun 14, 2018 [1 min read]
Highlights
SMDS.L dominated by bulls lifting the market higher throughout the day
SMDS.L closes higher for the 2nd day in a row
SMDS.L ends the day on a bullish note closing near the high of the day
SMDS.L pushes through previous session high
SMDS.L rises to highest close since Inception
TQ Sentiment
Report Sentiment: 71% Bullish
Technical Forecast:
Overview

Moving higher for the 2nd day in a row, SMDS.L finished Thursday at 579.20 gaining £8.40 (1.47%). Today's closing price of 579.20 marks the highest close since Inception. The bulls were in full control today, moving the market higher throughout the whole session. Closing above Wednesday's high at 574.00, the market confirms its breakout through the prior session's high having traded £6.20 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 SMDS.L
Volatility

Thursday's trading range was £18.40 (3.25%), that's far above last trading month's daily average range of £9.53. Weekly volatility is also higher, being slightly above the markets average with the monthly volatility being slightly below average.

Price Action

In a volatile session, prices traded above the previous day's high as well as below the prior day's low, forming a bullish Outside Bar.

Support/Resistance

Prices are trading close to a key support level at 570.40.

Trend

The trend is clearly bullish, showing an intact uptrend in the short, medium and long-term.

Order Flow

With prices trading close to this year's high at 583.00, upside momentum could speed up should the stock be able to break out to new highs for the year.

Conclusion

Both sentiments, the classical technical analysis and our quantitative statistics are in perfect alignment today showing a bullish sentiment for the next trading day.

Market Conditions for Smith, D.S.
Condition Forecast Direction Win Avg Worst Best Events
Death Cross TQ Pro Members Only
Close to S1 Support TQ Pro Members Only
Low close to previous low TQ Pro Members Only
High close to previous High TQ Pro Members Only
Bullish Spinning Top TQ Pro Members Only
More market conditions identified for TQ Pro members...
Learn more about TQ Pro
Latest Report:

SMDS.L ends the day indecisive

Aug 17, 2018
Trending Assets

Upgrade your trading!

Get the stats behind the charts

Find out what happened when Smith, D.S. traded like this in the past. See the odds for each technical pattern with expected gain and loss.

Signup
Stocks Top Movers
ETHUSD 313.2627.54 9.64%
BTCUSD 6,552.78258.70 4.11%
NATGAS 2.9440.033 1.13%
GOLD 1,191.810.8 0.91%
CRUDE 65.200.47 0.73%
CAC 5,344.93-4.09 -0.08%
DAX 12,210.55-26.62 -0.22%
USDJPY 110.50-0.40 -0.36%
DXY 95.980-0.555 -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 ABBV98.81 0.59
0.60%
ACN 10 day candlestick chart for ACN164.89 2.00
1.23%
ADBE 10 day candlestick chart for ADBE245.70 -3.19
-1.28%
AAP 10 day candlestick chart for AAP159.72 0.23
0.14%
AES 10 day candlestick chart for AES13.94 0.07
0.50%
AET 10 day candlestick chart for AET198.86 0.39
0.20%
AFL 10 day candlestick chart for AFL46.76 0.26
0.56%
AMG 10 day candlestick chart for AMG146.59 0.30
0.21%
A 10 day candlestick chart for A64.66 -0.84
-1.28%
ABT 10 day candlestick chart for ABT64.72 0.56
0.87%