AMP.AX rises to highest close since May 10th


AMP Limited (AMP.AX) Technical Analysis Report for May 17, 2018 [< 1 min read]
Highlights
AMP.AX closes higher for the 4th day in a row
AMP.AX rises to highest close since May 10th
AMP.AX ends the day indecisive
TQ Sentiment
Report Sentiment: 0% Neutral
Technical Forecast:
Overview

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.

Daily chart for AMP.AX
Volatility

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.

Trend

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

Conclusion

Both sentiments, the classical technical analysis and our quantitative statistics are in perfect alignment today showing a neutral sentiment for the next trading day.

Market Conditions for AMP Limited
ConditionForecastDirectionWinAvgWorstBestEvents
Close to Swing Low TQ Pro Members Only
Tweezer Bottom TQ Pro Members Only
Close to S1 Support TQ Pro Members Only
Bearish Bounce off SMA 20 TQ Pro Members Only
Close to Swing High TQ Pro Members Only
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