VOD.L ends the day on a bullish note closing near the high of the day
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.
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.
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.
The trend is clearly bearish, showing an intact downtrend in the short, medium and long-term.
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
|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...
Learn more about TQ Pro