STAN.L closes within prior day's range


Standard Chartered (STAN.L) Technical Analysis Report for Jun 14, 2018 [< 1 min read]
Highlights
STAN.L pushes through key resistance level
STAN.L runs into sellers again around 737.00
STAN.L closes within previous day's range
TQ Sentiment
Technical Forecast:
Overview

STAN.L finished Thursday at 730.90 gaining £6.80 (0.94%). Closing within the previous day's range, prices failed to decisively move past the prior day's trading range.

Daily chart for STAN.L
Volatility

Thursday's trading range was £17.10 (2.37%), that's above last trading month's daily average range of £14.48. Things look different on a weekly scale, where volatility is slightly below the markets average with the monthly volatility being slightly above average.

Support/Resistance

Breaking through the key resistance level at 729.00 today, it is now likely to act as support going forward. After having been unable to move above 738.20 in the previous session, the stock ran into sellers again around the same price level today, failing to move higher than 737.00.

Trend

The share shows weakness in the short-term (in accordance with its long-term downtrend) with only the medium-term trend being bullish.

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 Standard Chartered
ConditionForecastDirectionWinAvgWorstBestEvents
Down Close Near Low of Period TQ Pro Members Only
Close to R1 Resistance TQ Pro Members Only
Closed below last periods low TQ Pro Members Only
Black Candle TQ Pro Members Only
High close to previous High TQ Pro Members Only
More market conditions identified for TQ Pro members...
Learn more about TQ Pro
Trending Assets

Upgrade your trading!

Get the stats behind the charts

Find out what happened when Standard Chartered traded like this in the past. See the odds for each technical pattern with expected gain and loss.

Signup

Stocks Top Movers

CRUDE 65.800.46 0.70%
GBPUSD 1.32440.0076 0.58%
TBOND 143.9060.687 0.48%
NATGAS 2.9750.009 0.30%
EURUSD 1.16030.0027 0.23%
GOLD 1,269.0-1.0 -0.08%
DXY 94.405-0.310 -0.33%
USDJPY 109.97-0.39 -0.35%
BTCUSD 6,723.12-29.41 -0.44%
SPX 2,749.76-17.56 -0.63%
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 ABBV95.55 -2.70
-2.75%
ACN 10 day candlestick chart for ACN160.03 -1.74
-1.08%
ADBE 10 day candlestick chart for ADBE248.83 -2.41
-0.96%
AAP 10 day candlestick chart for AAP139.50 0.34
0.24%
AES 10 day candlestick chart for AES12.89 -0.04
-0.31%
AET 10 day candlestick chart for AET189.15 -1.08
-0.57%
AFL 10 day candlestick chart for AFL44.43 -0.29
-0.65%
AMG 10 day candlestick chart for AMG153.43 0.70
0.46%
A 10 day candlestick chart for A63.04 0.25
0.40%
ABT 10 day candlestick chart for ABT61.75 -0.39
-0.63%