CLW.AX closes within prior day's range
CHTR H LWR Stapled Securities (CLW.AX) Technical Analysis Report for Sep 14, 2018
CLW.AX ended the week 2.09% higher at 4.39 after gaining A$0.04 (0.92%) today. Today's closing price of 4.39 marks the highest close since July 10th. Closing within the prior day's range, prices failed to decisively move past the previous day's trading range.
Friday's trading range was A$0.09 (2.08%), that's above last trading month's daily average range of A$0.07. Weekly volatility is also higher, being above the markets average with the monthly volatility being above average.
In a volatile session, prices traded above the prior day's high as well as below the previous day's low, forming a bullish Outside Bar.
After having been unable to move above 4.41 in the prior session, the stock ran into sellers again around the same price level today, failing to move higher than 4.42.
The market shows strength in the short-term supported by its long-term uptrend with only the medium-term trend being bearish.
With prices trading close to this year's high at 4.52, upside momentum might speed up should CHTR H be able to break out to new highs for the year. Trading close to July's high at 4.51 we could see further upside momentum if potential buy stops at the level get triggered.
While classical technical analysis indicates a neutral sentiment for the next trading day, our quantitative statistics show a different picture being bearish.
Market Conditions for CHTR H LWR Stapled Securities
|Condition||Forecast||Direction||Direction||Win Rate||Win Rate||Exit Day||Exit Day||Events|
|Close near high of period||TQ Pro Members Only|
|High close to previous High||TQ Pro Members Only|
|Close to Swing High||TQ Pro Members Only|
|Bullish Intraday Reversal||TQ Pro Members Only|
|Up Close near high of period||TQ Pro Members Only|
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