CPU.AX pushes through prior session high
Computershare Ltd (CPU.AX) Technical Analysis Report for May 18, 2018
CPU.AX ended the week 4.48% higher at 18.42 after gaining A$0.20 (1.1%) today on low volume. Today's closing price of 18.42 marks the highest close since Inception. Closing above Thursday's high at 18.38, the stock confirms its breakout through the previous session's high having traded A$0.22 above it intraday. Ending the day with an indecisive close, neither buyers nor sellers were able to gain control during the session.
Friday's trading range was A$0.28 (1.52%), that's slightly above last trading month's daily average range of A$0.26. Weekly volatility is also higher, being way above the markets average with the monthly volatility being way above average.
The trend is clearly bullish, showing an intact uptrend in the short, medium and long-term.
While classical technical analysis indicates a neutral sentiment for the next trading day, our quantitative statistics show a different picture being bullish.
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