AHY.AX fails to close above 50-day moving average


Asaleo Care Limited (AHY.AX) Technical Analysis Report for Jun 14, 2018 [< 1 min read]
Highlights
AHY.AX fails to close above 50-day moving average
AHY.AX ends the day indecisive
TQ Sentiment
Technical Forecast:
Overview

AHY.AX finished Thursday at 1.32 flat. Ending the day with an indecisive close, neither buyers nor sellers were able to gain control during the session.

Daily chart for AHY.AX
Volatility

Thursday's trading range was A$0.04 (3.03%), that's slightly below last trading month's daily average range of A$0.04. Things look different on a weekly scale, where volatility is slightly below the markets average with the monthly volatility being slightly above average.

Support/Resistance

After spiking up to 1.35 during the day, the market found resistance at the 50-day moving average at 1.33.

Trend

The share shows weakness in the short-term (in accordance with its long-term downtrend) with only the medium-term trend being bullish.

Order Flow

With prices trading close to this year's low at 1.23, downside momentum might speed up should Asaleo Care break out to new lows for the year.

Conclusion

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

Market Conditions for Asaleo Care Limited
ConditionForecastDirectionWinAvgWorstBest
Bullish Break through SMA 100 TQ Pro Members Only
Close to R1 Resistance TQ Pro Members Only
Close to S1 Support TQ Pro Members Only
Close to Swing High TQ Pro Members Only
Bullish Break through SMA 20 TQ Pro Members Only
More market conditions identified for TQ Pro members...
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