CMW.AX finds support at 20-day moving average


Cromwell Prop Ordinary/Units FP Stapled Securities (CMW.AX) Technical Analysis Report for Jul 13, 2018 [< 1 min read]
Highlights
Traders officially love to buy CMW.AX around 1.12 level
CMW.AX finds support at 20-day moving average
CMW.AX still stuck within tight trading range
CMW.AX closes within previous day's range
TQ Sentiment
Report Sentiment: 50% Bullish
Technical Forecast:
Overview

CMW.AX finished the week -0.88% lower at 1.13 after losing A$0.01 (-0.88%) today. Closing within the prior day's range, prices failed to decisively move beyond the previous day's trading range.

Daily chart for CMW.AX
Volatility

Friday's trading range was A$0.02 (1.75%), that's slightly above last trading month's daily average range of A$0.02. Things look different on a weekly scale, where volatility is below the markets average with the monthly volatility being slightly below average. Prices continued to consolidate within a tight trading range between 1.12 and 1.14 which it has been in now for the last trading week.

Support/Resistance

The share was bought again around 1.12 after having seen lows at 1.12, 1.12 and 1.12 in the last three trading sessions. Obviously there is something going on at that level. After trading as low as 1.12 during the day, the market found support at the 20-day moving average at 1.12.

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 neutral sentiment for the next trading day.

Market Conditions for Cromwell Prop Ordinary/Units FP Stapled Securities
ConditionForecastDirectionWinAvgWorstBestEvents
Close near high of period TQ Pro Members Only
Very Strong Up Move TQ Pro Members Only
Bullish Break through SMA 20 TQ Pro Members Only
White Candle TQ Pro Members Only
Tweezer Bottom TQ Pro Members Only
More market conditions identified for TQ Pro members...
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Latest Report:

CMW.AX soars 1.79% on low volume

Jul 20, 2018
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