BAP.AX ends the day on a bullish note closing near the high of the day
BAP.AX finished Thursday at 6.83 gaining A$0.05 (0.74%). The bulls were in full control today, moving the market higher throughout the whole session. Closing within the previous day's range, prices failed to decisively move past the prior day's trading range. Ending with a strong close near the high of the day sets a bullish note for the next session.
Thursday's trading range was A$0.10 (1.48%), that's slightly above last trading month's daily average range of A$0.10. Weekly volatility is also higher, being slightly above the markets average with the monthly volatility being way below average.
After having been unable to move lower than 6.76 in the previous session, the share found buyers again around the same price level today at 6.75.
The trend is clearly bullish, showing an intact uptrend in the short, medium and long-term.
Buying might accelerate should prices move above the nearby swing high at 6.93 where further buy stops could get activated.
While classical technical analysis indicates a slightly bullish sentiment for the next trading day, our quantitative statistics show a different picture being bearish.
Market Conditions for Bapcor Limited
|Close to R1 Resistance||TQ Pro Members Only|
|Strong Up Move||TQ Pro Members Only|
|Very Strong Up Move||TQ Pro Members Only|
|Bullish Break through SMA 20||TQ Pro Members Only|
|Closed above last periods high||TQ Pro Members Only|
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