ANN.AX breaks below 20-day moving average


Ansell Limited (ANN.AX) Technical Analysis Report for Jul 13, 2018 [< 1 min read]
Highlights
ANN.AX breaks below 20-day moving average
ANN.AX finds buyers again around 27.06
ANN.AX closes within previous day's range
TQ Sentiment
Report Sentiment: 0% Neutral
Technical Forecast:
Overview

ANN.AX ended the week 0.26% higher at 27.29 after losing A$0.13 (-0.47%) today. Closing within the prior day's range, prices failed to decisively move beyond the previous day's trading range.

Daily chart for ANN.AX
Volatility

Friday's trading range was A$0.41 (1.49%), that's slightly below last trading month's daily average range of A$0.44. Things look different on a weekly scale, where volatility is slightly above the markets average with the monthly volatility being below average.

Price Action

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. Despite a strong opening the share closed below the previous day's open and close, forming a bearish Engulfing Candle.

Support/Resistance

Prices are trading close to a key support level at 26.99. After having been unable to move lower than 27.05 in the prior session, the market found buyers again around the same price level today at 27.06.

Trend

The trend is clearly bullish, showing an intact uptrend in the short, medium and long-term. Ansell Limited broke below the 20-day moving average at 27.42 today for the first time since July 5th.

Conclusion

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

Market Conditions for Ansell Limited
ConditionForecastDirectionWinAvgWorstBestEvents
White Candle TQ Pro Members Only
Price broke through Technical Resistance R1 TQ Pro Members Only
Close to S1 Support TQ Pro Members Only
4 Consecutive Higher Closes TQ Pro Members Only
52 Week High TQ Pro Members Only
More market conditions identified for TQ Pro members...
Learn more about TQ Pro
Trending Assets

Upgrade your trading!

Get the stats behind the charts

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

Signup

Stocks Top Movers

ETHUSD 462.3514.38 3.21%
BTCUSD 7,414.9082.64 1.13%
GBPUSD 1.31350.0120 0.92%
GOLD 1,231.99.4 0.77%
HSI 28,224.48213.62 0.76%
INDU 25,058.12-6.38 -0.03%
NDX 7,350.23-2.13 -0.03%
FTSE 7,678.79-5.21 -0.07%
NATGAS 2.733-0.002 -0.07%
SPX 2,801.83-2.66 -0.09%
Start your day with the facts moving the markets
By clicking "Subscribe", you agree to our terms and privacy policy.

Related Stocks

ABBV 10 day candlestick chart for ABBV88.91 -1.04
-1.16%
ACN 10 day candlestick chart for ACN166.52 -0.37
-0.22%
ADBE 10 day candlestick chart for ADBE257.54 -0.14
-0.05%
AAP 10 day candlestick chart for AAP142.67 -0.70
-0.49%
AES 10 day candlestick chart for AES13.03 0.00
0.00%
AET 10 day candlestick chart for AET187.22 -2.82
-1.48%
AFL 10 day candlestick chart for AFL43.06 0.17
0.40%
AMG 10 day candlestick chart for AMG148.84 -0.47
-0.31%
A 10 day candlestick chart for A63.85 -0.30
-0.47%
ABT 10 day candlestick chart for ABT63.32 -0.46
-0.72%