APO.AX closes higher for the 3rd day in a row


Apn Outdoor Group (APO.AX) Technical Analysis Report for Jun 14, 2018 [1 min read]
Highlights
APO.AX finds buyers around 5.72 for the third day in a row
APO.AX unable to break through key resistance level
APO.AX closes higher for the 3rd day in a row
APO.AX closes within previous day's range
APO.AX ends the day indecisive
TQ Sentiment
Report Sentiment: 0% Neutral
Technical Forecast:
Overview

Moving higher for the 3rd day in a row, APO.AX ended Thursday at 5.75 gaining A$0.01 (0.17%). 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 APO.AX
Volatility

Thursday's trading range was A$0.17 (2.96%), that's slightly above last trading month's daily average range of A$0.14. Things look different on a weekly scale, where volatility is way below the markets average with the monthly volatility being above average.

Support/Resistance

Unable to break through the key technical resistance level at 5.81, the market closed below it after spiking as high as 5.89 during the day. The failure to close above the resistance might increase that levels importance as resistance going forward. The stock found buyers again today around 5.72 for the third trading day in a row after having found demand at 5.71 in the prior session and at 5.70 two days ago.

Trend

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

Order Flow

Selling could speed up should prices move below the nearby swing low at 5.66 where further sell stops might get activated.

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 Apn Outdoor Group
Condition Forecast Direction Win Avg Worst Best Events
Close to S1 Support TQ Pro Members Only
Low close to previous low TQ Pro Members Only
Black Candle TQ Pro Members Only
Close to Swing High TQ Pro Members Only
Bounced off Technical Support S1 TQ Pro Members Only
More market conditions identified for TQ Pro members...
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