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CPU.AX pops to highest close since March 27th


Technical Analysis Report for CPU.AX - Apr 17, 2018 [< 1 min read]
Highlights
CPU.AX closes higher for the 3rd day in a row
CPU.AX rises to highest close since March 27th
CPU.AX closes within previous day's range after lackluster session
CPU.AX ends the day indecisive
TQ Sentiment
Technical Forecast:
Overview

Moving higher for the 3rd day in a row, CPU.AX finished Tuesday at 17.51 edging higher A$0.01 (0.06%). Today's closing price of 17.51 marks the highest close since March 27th. Closing within the previous day's range, prices failed to decisively move past the prior day's trading range in a lackluster session. Ending the day with an indecisive close, neither buyers nor sellers were able to gain control during the session.

Daily chart for CPU.AX
Volatility

Tuesday's trading range was A$0.21 (1.2%), that's below last trading month's daily average range of A$0.27. Things look different on a weekly scale, where volatility is slightly above the markets average with the monthly volatility being slightly above average.

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.

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