AOG.AX tumbles, loses A$0.06 (-2.42%) within a single day


Aveo Group Ordinary/Units FP Stapled Securities (AOG.AX) Technical Analysis Report for Jun 14, 2018 [< 1 min read]
Highlights
AOG.AX crashes, loses A$0.06 (-2.42%) within a single day
AOG.AX breaks key support level
AOG.AX breaks below previous session low
AOG.AX falls to lowest close since October 18, 2017
TQ Sentiment
Report Sentiment: 75% Bearish
Technical Forecast:
Overview

AOG.AX ended Thursday at 2.42 tanking A$0.06 (-2.42%). This is the biggest single day loss in over two months. Today's closing price of 2.42 marks the lowest close since October 18, 2017. Closing below Wednesday's low at 2.45, the market confirms its breakout through the previous session's low having traded A$0.05 below it intraday.

Daily chart for AOG.AX
Volatility

Thursday's trading range was A$0.09 (3.64%), that's far above last trading month's daily average range of A$0.05. Weekly volatility is also higher, being way above the markets average with the monthly volatility being above average.

Support/Resistance

Breaking below the key support level at 2.46 today, it is now likely to act as resistance going forward.

Trend

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

Conclusion

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

Market Conditions for Aveo Group Ordinary/Units FP Stapled Securities
Condition Forecast Direction Win Avg Worst Best Events
Close to R1 Resistance TQ Pro Members Only
Strong Up Move TQ Pro Members Only
Close to S1 Support TQ Pro Members Only
Very Strong Up Move TQ Pro Members Only
Gap Up TQ Pro Members Only
More market conditions identified for TQ Pro members...
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