AHY.AX closes within prior day's range after lackluster session


Asaleo Care Limited (AHY.AX) Technical Analysis Report for Jul 13, 2018 | by Techniquant Editorial Team

Highlights

AHY.AX closes within previous day's range after lackluster session
AHY.AX ends the day indecisive

Overview

AHY.AX finished the week -5.8% lower at 1.30 after flat today. Closing within the prior day's range, prices failed to decisively move past the previous day's trading range in a lackluster session. Ending the day with an indecisive close, neither buyers nor sellers were able to gain control during the session.

Daily Candlestick Chart (AHY.AX as at Jul 13, 2018):

Daily technical analysis candlestick chart for Asaleo Care Limited (AHY.AX) as at Jul 13, 2018

Friday's trading range was A$0.02 (1.54%), that's far below last trading month's daily average range of A$0.05. Things look different on a weekly scale, where volatility is above the markets average with the monthly volatility being slightly above average.

During the whole day, prices traded within the prior day's range, unable to trade above the previous day's high or below the prior day's low forming an Inside Bar.

The trend is clearly bearish, showing an intact downtrend in the short, medium and long-term.

Selling might speed up should prices move below the close-by swing low at 1.28 where further sell stops could get activated. With prices trading close to this year's low at 1.23, downside momentum might accelerate should the share break out to new lows for the year.


Market Conditions for AHY.AX as at Jul 13, 2018

Loading Market Conditions for AHY.AX (Asaleo Care Limited)...
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AHY.AX stuck within tight trading range

Dec 19, 2018
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