ALL.AX breaks key support level

Aristocrat Leisure (ALL.AX) Technical Analysis Report for Sep 14, 2018 | by Techniquant Editorial Team


ALL.AX breaks key support level
ALL.AX closes lower for the 4th day in a row
ALL.AX breaks below previous session low
ALL.AX falls to lowest close since May 23rd
ALL.AX ends the day indecisive


Moving lower for the 4th day in a row, ALL.AX finished the week -2.33% lower at 28.91 after losing A$0.17 (-0.58%) today. Today's closing price of 28.91 marks the lowest close since May 23rd. Closing below Thursday's low at 29.04, the stock confirms its breakout through the prior session's low having traded A$0.84 below it intraday. Ending the day with an indecisive close, neither buyers nor sellers were able to gain control during the session.

Daily Candlestick Chart (ALL.AX as at Sep 14, 2018):

Daily technical analysis candlestick chart for Aristocrat Leisure (ALL.AX) as at Sep 14, 2018

Friday's trading range was A$0.86 (2.97%), that's far above last trading month's daily average range of A$0.60. Weekly volatility is also higher, being above the markets average with the monthly volatility being way above average.

Breaking below the key support level at 28.95 today, it is now likely to act as resistance going forward.

Though still in a long-term uptrend, the short and medium-term trends both turned bearish already.

Market Conditions for ALL.AX as at Sep 14, 2018

Loading Market Conditions for ALL.AX (Aristocrat Leisure)...
Trending Assets

Upgrade your trading!

Get the stats behind the charts

Find out what happened when Aristocrat Leisure traded like this in the past. See the odds for each technical pattern with expected gain and loss.

Find out more
Top Movers
You have free reports remaining. Subscribe for unlimited access...SUBSCRIBELOGINGO!