SMDS.L pushes through prior session high
Smith, D.S. (SMDS.L) Technical Analysis Report for Jul 13, 2018 | by Techniquant Editorial Team
Moving higher for the 2nd day in a row, SMDS.L finished the week -4.47% lower at 489.90 after gaining £5.60 (1.16%) today. Closing above Thursday's high at 487.00, the share confirms its breakout through the previous session's high having traded £8.50 above it intraday. Ending the day with an indecisive close, neither buyers nor sellers were able to gain control during the session.
Daily Candlestick Chart (SMDS.L as at Jul 13, 2018):
Friday's trading range was £8.90 (1.82%), that's below last trading month's daily average range of £11.56. Things look different on a weekly scale, where volatility is above the markets average with the monthly volatility being above average.
Though still in a long-term uptrend, the short and medium-term trends both turned bearish already.