CLW.AX closes lower for the 4th day in a row


CHTR H LWR Stapled Securities (CLW.AX) Technical Analysis Report for Jul 13, 2018 [< 1 min read]
Highlights
CLW.AX closes lower for the 4th day in a row
CLW.AX breaks below previous session low
CLW.AX falls to lowest close since May 31st
CLW.AX ends the day indecisive
TQ Sentiment
Report Sentiment: 25% Bearish
Technical Forecast:
Overview

Moving lower for the 4th day in a row, CLW.AX finished the week -6.65% lower at 4.21 after losing A$0.03 (-0.71%) today. Today's closing price of 4.21 marks the lowest close since May 31st. Closing below Thursday's low at 4.23, the share confirms its breakout through the prior session's low having traded A$0.03 below it intraday. Ending the day with an indecisive close, neither buyers nor sellers were able to gain control during the session.

Daily chart for CLW.AX
Volatility

Friday's trading range was A$0.04 (0.95%), that's far below last trading month's daily average range of A$0.07. Things look different on a weekly scale, where volatility is way above the markets average with the monthly volatility being slightly below average.

Trend

While the market is currently in a short-term down trend, this could just be a correction, as the medium and long term trends are both positive.

Order Flow

Further selling might move prices lower should the market test June's close-by low at 4.18.

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 CHTR H LWR Stapled Securities
ConditionForecastDirectionWinAvgWorstBestEvents
Close to Swing Low TQ Pro Members Only
Tweezer Bottom TQ Pro Members Only
Price broke through Technical Resistance R1 TQ Pro Members Only
Close to S1 Support TQ Pro Members Only
Low close to previous low 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 CHTR H LWR Stapled Securities 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%