CPU.AX pushes through prior session high


Computershare Ltd (CPU.AX) Technical Analysis Report for May 18, 2018 [< 1 min read]
Highlights
CPU.AX pushes through previous session high
CPU.AX rises to highest close since Inception
CPU.AX ends the day indecisive
TQ Sentiment
Report Sentiment: 33% Bullish
Technical Forecast:
Overview

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.

Daily chart for CPU.AX
Volatility

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.

Trend

The trend is clearly bullish, showing an intact uptrend in the short, medium and long-term.

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 Computershare Ltd
ConditionForecastDirectionWinAvgWorstBestEvents
Close near low of period TQ Pro Members Only
Bearish Outside Bar TQ Pro Members Only
Bearish Intraday Reversal TQ Pro Members Only
High close to previous High TQ Pro Members Only
Down Close Near Low of Period TQ Pro Members Only
More market conditions identified for TQ Pro members...
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