CGC.AX climbs to highest close since Inception


Costa Group Holdings (CGC.AX) Technical Analysis Report for Jun 14, 2018 [< 1 min read]
Highlights
CGC.AX pushes through previous session high
CGC.AX rises to highest close since Inception
CGC.AX ends the day indecisive
TQ Sentiment
Report Sentiment: 33% Bullish
Technical Forecast:
Overview

CGC.AX ended Thursday at 8.44 gaining A$0.13 (1.56%) on high volume. Today's closing price of 8.44 marks the highest close since Inception. Closing above Wednesday's high at 8.36, the market confirms its breakout through the prior session's high having traded A$0.19 above it intraday. Ending the day with an indecisive close, neither buyers nor sellers were able to gain control during the session.

Daily chart for CGC.AX
Volatility

Thursday's trading range was A$0.18 (2.15%), that's slightly above last trading month's daily average range of A$0.17. Weekly volatility is also higher, being way above the markets average with the monthly volatility being way above average.

Trend

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

Conclusion

While classical technical analysis indicates a neutral sentiment for the next trading day, our quantitative statistics show a different picture being bullish.

Market Conditions for Costa Group Holdings
Condition Forecast Direction Win Avg Worst Best Events
Close to R1 Resistance TQ Pro Members Only
Close to S1 Support TQ Pro Members Only
Closed above last periods high TQ Pro Members Only
Bounced off Technical Resistance R1 TQ Pro Members Only
5 Consecutive Higher Closes TQ Pro Members Only
More market conditions identified for TQ Pro members...
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