BPT.AX ends the day on a bearish note closing near the low of the day

Beach Energy Limited (BPT.AX) Technical Analysis Report for Aug 10, 2018 | by Techniquant Editorial Team


BPT.AX crashes, loses A$0.07 (-3.52%) within a single day
BPT.AX closes lower for the 2nd day in a row
BPT.AX ends the day on a bearish note closing near the low of the day
BPT.AX breaks below previous session low


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.

Daily Candlestick Chart (BPT.AX as at Aug 10, 2018):

Daily technical analysis candlestick chart for Beach Energy Limited (BPT.AX) as at Aug 10, 2018

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.

Market Conditions for BPT.AX as at Aug 10, 2018

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