ANZ.AX ends the day indecisive

ANZ Banking Group (ANZ.AX) Technical Analysis Report for Jul 13, 2018


ANZ.AX closes below its opening price unable to hold early session gains
ANZ.AX unable to break through key resistance level
ANZ.AX closes within previous day's range
ANZ.AX ends the day indecisive

TQ Sentiment

Report Sentiment: 40% Bearish
Technical Forecast:


ANZ.AX ended the week 0.07% higher at 29.01 after losing A$0.19 (-0.65%) today on low volume. Trading A$0.20 higher after the open, ANZ Banking was unable to hold its gains as the bears took control ending the day below its opening price. Closing within the prior day's range, prices failed to decisively move past the previous day's trading range. Ending the day with an indecisive close, neither buyers nor sellers were able to gain control during the session.

Daily chart for ANZ.AX


Friday's trading range was A$0.58 (1.99%), that's above last trading month's daily average range of A$0.49. Things look different on a weekly scale, where volatility is below the markets average with the monthly volatility being slightly below average.


Prices are trading close to a key support level at 28.79. Unable to break through the key technical resistance level at 29.32, the market closed below it after spiking as high as 29.40 during the day. The failure to close above the resistance might increase that levels importance as resistance going forward.


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


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

Market Conditions for ANZ Banking Group

Loading Market Conditions for $ANZ.AX (ANZ Banking Group)...
Latest Report:

ANZ.AX finds buyers at key support level

Sep 21, 2018
Trending Assets

Upgrade your trading!

Get the stats behind the charts

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

Find out more
Top Market Movers

Related Stocks

AMP.AX 10 day candlestick chart for AMP.AX 3.22 0.01 (0.31%)
ASX.AX 10 day candlestick chart for ASX.AX 63.71 0.46 (0.73%)
BEN.AX 10 day candlestick chart for BEN.AX 10.75 -0.01 (-0.09%)
BOQ.AX 10 day candlestick chart for BOQ.AX 11.07 -0.31 (-2.72%)
CBA.AX 10 day candlestick chart for CBA.AX 71.94 0.06 (0.08%)
CCP.AX 10 day candlestick chart for CCP.AX 22.32 -0.02 (-0.09%)
CGF.AX 10 day candlestick chart for CGF.AX 11.13 0.28 (2.58%)
CYB.AX 10 day candlestick chart for CYB.AX 6.00 -0.01 (-0.17%)
GMA.AX 10 day candlestick chart for GMA.AX 2.57 0.04 (1.58%)
IAG.AX 10 day candlestick chart for IAG.AX 7.40 0.00 (0.00%)
You have free reports remaining. Subscribe for unlimited access...SUBSCRIBELOGINGO!