ANN.AX closes within prior day's range after lackluster session
Ansell Limited (ANN.AX) Technical Analysis Report for Aug 10, 2018 | by Techniquant Editorial Team
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.
Daily Candlestick Chart (ANN.AX as at Aug 10, 2018):
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.