VOD.L ends the day on a bullish note closing near the high of the day


Vodafone Group Plc (VOD.L) Technical Analysis Report for Jun 14, 2018 [< 1 min read]
Highlights
VOD.L pushes through key resistance level
VOD.L dominated by bulls lifting the market higher throughout the day
VOD.L ends the day on a bullish note closing near the high of the day
VOD.L finds buyers again around 184.94
VOD.L closes within previous day's range
TQ Sentiment
Report Sentiment: 80% Bullish
Technical Forecast:
Overview

VOD.L finished Thursday at 188.06 gaining £2.46 (1.33%). The bulls were in full control today, moving the market higher throughout the whole session. Closing within the prior day's range, prices failed to decisively move past the previous day's trading range. Ending with a strong close near the high of the day sets a bullish note for the next session.

Daily chart for VOD.L
Volatility

Thursday's trading range was £3.66 (1.98%), that's above last trading month's daily average range of £3.04. Things look different on a weekly scale, where volatility is below the markets average with the monthly volatility being way below average.

Support/Resistance

Breaking through the key resistance level at 185.76 today, it is now likely to act as support going forward. After having been unable to move lower than 185.14 in the prior session, the stock found buyers again around the same price level today at 184.94.

Trend

The trend is clearly bearish, showing an intact downtrend in the short, medium and long-term.

Conclusion

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

Market Conditions for Vodafone Group Plc
Condition Forecast Direction Win Avg Worst Best Events
Bearish Outside Bar TQ Pro Members Only
Close to S1 Support TQ Pro Members Only
Low close to previous two Lows TQ Pro Members Only
Low close to previous low TQ Pro Members Only
Bounced off Technical Support S1 TQ Pro Members Only
More market conditions identified for TQ Pro members...
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