BPT.AX ends the day on a bearish note closing near the low of the day
Moving lower for the 2nd day in a row, BPT.AX ended the week 1.05% higher at 1.92 after tanking A$0.07 (-3.52%) today on high volume. This is the biggest single day loss in over a month. Closing below Thursday's low at 1.93, the share confirms its breakout through the prior session's low having traded A$0.02 below it intraday. Ending with a weak close near the low of the day sets a bearish note for the next session.
Friday's trading range was A$0.07 (3.57%), that's above last trading month's daily average range of A$0.05. Weekly volatility is also higher, being above the markets average with the monthly volatility being slightly above average.
The trend is clearly bullish, showing an intact uptrend in the short, medium and long-term.
While classical technical analysis indicates a bearish sentiment for the next trading day, our quantitative statistics show a different picture being slightly bullish.
Market Conditions for Beach Energy Limited
|Close to S1 Support||TQ Pro Members Only|
|Close to Swing Low||TQ Pro Members Only|
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