ANN.AX closes within prior day's range after lackluster session
Moving lower for the 2nd day in a row, ANN.AX ended the week -1.63% lower at 28.29 after losing A$0.05 (-0.18%) today. Today's closing price of 28.29 marks the lowest close since July 23rd. Closing within the prior day's range, prices failed to decisively move beyond the previous day's trading range in a lackluster session.
Friday's trading range was A$0.32 (1.12%), that's below last trading month's daily average range of A$0.48. Things look different on a weekly scale, where volatility is way below the markets average with the monthly volatility being above average.
Prices are trading close to the key resistance level at 28.36.
While Ansell Limited is currently in a short-term down trend, this could just be a correction, as the medium and long term trends are both positive.
While classical technical analysis indicates a neutral sentiment for the next trading day, our quantitative statistics show a different picture being slightly bullish.
Market Conditions for Ansell Limited
|Close to R1 Resistance||TQ Pro Members Only|
|Closed above last periods high||TQ Pro Members Only|
|Bullish High-Wave Candle||TQ Pro Members Only|
|2 Consecutive Higher Closes||TQ Pro Members Only|
|Bullish Spinning Top||TQ Pro Members Only|
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