SMDS.L pushes through prior session high


Smith, D.S. (SMDS.L) Technical Analysis Report for Jul 13, 2018 [< 1 min read]
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.
ConditionForecastDirectionWinAvgWorstBestEvents
High close to previous High TQ Pro Members Only
Bullish Spinning Top TQ Pro Members Only
Bullish Outside Bar TQ Pro Members Only
Bullish Intraday Reversal TQ Pro Members Only
3 Consecutive Higher Closes TQ Pro Members Only
More market conditions identified for TQ Pro members...
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Latest Report:

SMDS.L closes within prior day's range

Jul 16, 2018
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