BOQ.AX soars 1.95% on high volume

Bank of Queensland (BOQ.AX) Technical Analysis Report for Jun 14, 2018 | by Techniquant Editorial Team


BOQ.AX rallies 1.95% on high volume
BOQ.AX pushes through previous session high


BOQ.AX finished Thursday at 9.91 surging A$0.19 (1.95%) on high volume. This is the biggest single day gain in over a month. Closing above Wednesday's high at 9.89, Bank of confirms its breakout through the previous session's high having traded A$0.12 above it intraday.

Daily Candlestick Chart (BOQ.AX as at Jun 14, 2018):

Daily technical analysis candlestick chart for Bank of Queensland (BOQ.AX) as at Jun 14, 2018

Thursday's trading range was A$0.41 (4.22%), that's far above last trading month's daily average range of A$0.18. Weekly volatility is also higher, being above the markets average with the monthly volatility being above average.

In a volatile session, prices traded above the prior day's high as well as below the previous day's low, forming a bullish Outside Bar. Notwithstanding a weak opening the market managed to close above the prior day's open and close, forming a bullish Engulfing Candle.

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

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