ASL.AX closes within previous day's range after lackluster session

Ausdrill Limited (ASL.AX) Technical Analysis Report for Jul 13, 2018 | by Techniquant Editorial Team


ASL.AX closes within previous day's range after lackluster session
ASL.AX ends the day indecisive


ASL.AX ended the week -5.06% lower at 1.69 after gaining A$0.02 (1.2%) today on low volume. Closing within the prior day's range, prices failed to decisively move past the previous day's trading range in a lackluster session. Ending the day with an indecisive close, neither buyers nor sellers were able to gain control during the session.

Daily Candlestick Chart (ASL.AX as at Jul 13, 2018):

Daily technical analysis candlestick chart for Ausdrill Limited (ASL.AX) as at Jul 13, 2018

Friday's trading range was A$0.03 (1.76%), that's far below last trading month's daily average range of A$0.07. Things look different on a weekly scale, where volatility is slightly below the markets average with the monthly volatility being way below average.

During the whole day, prices traded within the prior day's range, unable to trade above the previous day's high or below the prior day's low forming an Inside Bar.

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

Selling might speed up should prices move below the nearby swing low at 1.63 where further sell stops could get triggered.

Market Conditions for ASL.AX as at Jul 13, 2018

Loading Market Conditions for ASL.AX (Ausdrill Limited)...
Trending Assets

Upgrade your trading!

Get the stats behind the charts

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

Find out more
Top Movers
You have free reports remaining. Subscribe for unlimited access...SUBSCRIBELOGINGO!