AAD.AX runs into sellers again around 2.08
Ardent Leisure Group Ordinary/Units FP Stapled Sec (AAD.AX) Technical Analysis Report for Jul 13, 2018
AAD.AX ended the week 1.99% higher at 2.05 after losing A$0.01 (-0.49%) today. Closing within the previous day's range, prices failed to decisively move beyond the prior day's trading range.
Friday's trading range was A$0.04 (1.93%), that's slightly above last trading month's daily average range of A$0.03. Weekly volatility is also higher, being slightly above the markets average with the monthly volatility being slightly above average.
After having been unable to move above 2.08 in the previous session, the market ran into sellers again around the same price level today, failing to move higher than 2.08.
The trend is clearly bullish, showing an intact uptrend in the short, medium and long-term.
With prices trading close to this year's high at 2.10, upside momentum might speed up should Ardent Leisure be able to break out to new highs for the year.
While classical technical analysis indicates a neutral sentiment for the next trading day, our quantitative statistics show a different picture being slightly bearish.