AMP.AX rises to highest close since May 10th
AMP Limited (AMP.AX) Technical Analysis Report for May 17, 2018
Moving higher for the 4th day in a row, AMP.AX ended Thursday at 3.93 gaining A$0.02 (0.51%) on low volume. Today's closing price of 3.93 marks the highest close since May 10th. Ending the day with an indecisive close, neither buyers nor sellers were able to gain control during the session.
Thursday's trading range was A$0.06 (1.53%), that's below last trading month's daily average range of A$0.10. Things look different on a weekly scale, where volatility is below the markets average with the monthly volatility being way below average.
The trend is clearly bearish, showing an intact downtrend in the short, medium and long-term.
Both sentiments, the classical technical analysis and our quantitative statistics are in perfect alignment today showing a neutral sentiment for the next trading day.