STJ.L ends the day on a bearish note closing near the low of the day
STJ.L finished Monday at 1072.50 losing £10.00 (-0.92%) on low volume. The bears were in full control today, moving the market lower throughout the whole session. Closing below Friday's low at 1079.50, the share confirms its breakout through the previous session's low having traded £7.50 below it intraday. Ending with a weak close near the low of the day sets a bearish note for the next session.
Monday's trading range was £13.00 (1.2%), that's below last trading month's daily average range of £16.41. Things look different on a weekly scale, where volatility is below the markets average with the monthly volatility being slightly below average.
While the stock is experiencing a short-term up trend, this might just be a correction, as both the medium and long term trends are still in negative territory.
Buying could accelerate should prices move above the close-by swing high at 1088.00 where further buy stops might get triggered.
While classical technical analysis indicates a bearish sentiment for the next trading day, our quantitative statistics show a different picture being very bullish.
Market Conditions for St. James's Place plc
|Close near high of period||TQ Pro Members Only|
|High close to previous High||TQ Pro Members Only|
|Price broke through Technical Resistance R1||TQ Pro Members Only|
|Close to S1 Support||TQ Pro Members Only|
|4 Consecutive Higher Closes||TQ Pro Members Only|
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