SMDS.L pushes through prior session high

Smith, D.S. (SMDS.L) Technical Analysis Report for Jul 13, 2018

Highlights

SMDS.L closes higher for the 2nd day in a row
SMDS.L pushes through previous session high
SMDS.L ends the day indecisive

TQ Sentiment

Report Sentiment:
33% Bullish
Technical Forecast:

Overview

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 chart for SMDS.L

Volatility

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.

Trend

Though still in a long-term uptrend, the short and medium-term trends both turned bearish already.

Conclusion

While classical technical analysis indicates a neutral sentiment for the next trading day, our quantitative statistics show a different picture being bullish.

Market Conditions for Smith, D.S.

Loading Market Conditions for $SMDS.L (Smith, D.S.)...
Latest Report:

SMDS.L finds buyers at key support level

Sep 21, 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.

Find out more
Top Market Movers
You have free reports remaining. Subscribe for unlimited access...SUBSCRIBELOGINGO!