CBA.AX finds buyers again around 74.26


Commonwealth Bank (CBA.AX) Technical Analysis Report for Jul 13, 2018 [< 1 min read]
Highlights
CBA.AX finds buyers at key support level
CBA.AX finds buyers again around 74.26
CBA.AX closes within previous day's range
TQ Sentiment
Report Sentiment: 66% Bullish
Technical Forecast:
Overview

CBA.AX ended the week -1.08% lower at 74.85 after losing A$0.36 (-0.48%) today. Closing within the previous day's range, prices failed to decisively move past the prior day's trading range.

Daily chart for CBA.AX
Volatility

Friday's trading range was A$1.48 (1.96%), that's slightly above last trading month's daily average range of A$1.20. Things look different on a weekly scale, where volatility is slightly below the markets average with the monthly volatility being slightly above average.

Support/Resistance

After trading as low as 74.26 during the day, the share bounced off the key support level at 74.70. The failure to close below the support might increase that levels importance as support going forward. After having been unable to move lower than 74.14 in the previous session, the market found buyers again around the same price level today at 74.26.

Trend

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

Conclusion

Both sentiments, the classical technical analysis and our quantitative statistics are in perfect alignment today showing a bullish sentiment for the next trading day.

Market Conditions for Commonwealth Bank
ConditionForecastDirectionWinAvgWorstBestEvents
White Candle TQ Pro Members Only
4 Consecutive Higher Closes TQ Pro Members Only
Bullish Break through SMA 200 TQ Pro Members Only
Last Engulfing Top Pattern TQ Pro Members Only
Decisive Up Move TQ Pro Members Only
More market conditions identified for TQ Pro members...
Learn more about TQ Pro
Trending Assets

Upgrade your trading!

Get the stats behind the charts

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

Signup

Stocks Top Movers

ETHUSD 462.3514.38 3.21%
BTCUSD 7,414.9082.64 1.13%
GBPUSD 1.31350.0120 0.92%
GOLD 1,231.99.4 0.77%
HSI 28,224.48213.62 0.76%
INDU 25,058.12-6.38 -0.03%
NDX 7,350.23-2.13 -0.03%
FTSE 7,678.79-5.21 -0.07%
NATGAS 2.733-0.002 -0.07%
SPX 2,801.83-2.66 -0.09%
Start your day with the facts moving the markets
By clicking "Subscribe", you agree to our terms and privacy policy.

Related Stocks

ABBV 10 day candlestick chart for ABBV88.91 -1.04
-1.16%
ACN 10 day candlestick chart for ACN166.52 -0.37
-0.22%
ADBE 10 day candlestick chart for ADBE257.54 -0.14
-0.05%
AAP 10 day candlestick chart for AAP142.67 -0.70
-0.49%
AES 10 day candlestick chart for AES13.03 0.00
0.00%
AET 10 day candlestick chart for AET187.22 -2.82
-1.48%
AFL 10 day candlestick chart for AFL43.06 0.17
0.40%
AMG 10 day candlestick chart for AMG148.84 -0.47
-0.31%
A 10 day candlestick chart for A63.85 -0.30
-0.47%
ABT 10 day candlestick chart for ABT63.32 -0.46
-0.72%