ASHR slides to lowest close since May 7th
ASHR ended Thursday at 30.32 losing $0.46 (-1.49%). Today's closing price of 30.32 marks the lowest close since May 7th. Closing below Wednesday's low at 30.60, the ETF confirms its breakout through the prior session's low having traded $0.33 below it intraday.
Thursday's trading range was $0.16 (0.53%), that's below last trading month's daily average range of $0.21. Things look different on a weekly scale, where volatility is slightly below the markets average with the monthly volatility being slightly below average.
Prices are trading close to a key support level at 30.26.
Although the market 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. ASHR broke below the 200-day moving average at 30.74 today for the first time since May 15th.
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 Xtrackers Harvest CSI 300 China A ETF
|Bullish Engulfing Candle||TQ Pro Members Only|
|Bullish Belt-hold||TQ Pro Members Only|
|Decisive Up Move||TQ Pro Members Only|
|White Candle||TQ Pro Members Only|
|Close to S1 Support||TQ Pro Members Only|
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