WPP.L dominated by bulls lifting the market higher throughout the day
Moving lower for the 2nd day in a row, WPP.L ended Thursday at 1230.00 losing £5.00 (-0.4%) on high volume. 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.
Thursday's trading range was £41.50 (3.48%), that's above last trading month's daily average range of £32.40. Weekly volatility is also higher, being slightly above the markets average with the monthly volatility being slightly below average.
Prices are trading close to a key support level at 1206.00.
WPP plc shows weakness in the short-term (in accordance with its long-term downtrend) with only the medium-term trend being bullish.
While classical technical analysis indicates a neutral sentiment for the next trading day, our quantitative statistics show a different picture being very bullish.
Market Conditions for WPP plc
|Down Close Near Low of Period||TQ Pro Members Only|
|Bearish Bounce off SMA 50||TQ Pro Members Only|
|Closed below last periods low||TQ Pro Members Only|
|Close to S1 Support||TQ Pro Members Only|
|Black Candle||TQ Pro Members Only|
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