CTD.AX closes lower for the 2nd day in a row


Corp Travel Limited (CTD.AX) Technical Analysis Report for Jun 14, 2018 [1 min read]
Highlights
CTD.AX closes below its opening price unable to hold early session gains
CTD.AX closes lower for the 2nd day in a row
CTD.AX breaks below previous session low
CTD.AX falls to lowest close since June 6th
CTD.AX ends the day indecisive
TQ Sentiment
Report Sentiment: 50% Bearish
Technical Forecast:
Overview

Moving lower for the 2nd day in a row, CTD.AX ended Thursday at 25.43 losing A$0.16 (-0.63%). Today's closing price of 25.43 marks the lowest close since June 6th. Trading A$0.15 higher after the open, the market was unable to hold its gains as the bears took control ending the day below its opening price. Closing below Wednesday's low at 25.49, Corp Travel confirms its breakout through the prior session's low having traded A$0.11 below it intraday. Ending the day with an indecisive close, neither buyers nor sellers were able to gain control during the session.

Daily chart for CTD.AX
Volatility

Thursday's trading range was A$0.25 (0.98%), that's far below last trading month's daily average range of A$0.64. Things look different on a weekly scale, where volatility is slightly below the markets average with the monthly volatility being slightly below average.

Support/Resistance

Prices are trading close to the key resistance level at 25.72.

Trend

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

Order Flow

With prices trading close to this year's high at 26.34, upside momentum could speed up should the share be able to break out to new highs for the year. Further buying might move prices higher should the market test May's close-by high at 26.30.

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 Corp Travel Limited
Condition Forecast Direction Win Avg Worst Best Events
Strong Up Move TQ Pro Members Only
Very Strong Up Move TQ Pro Members Only
RSI(14) above 70 TQ Pro Members Only
Gap Up TQ Pro Members Only
Black Candle TQ Pro Members Only
More market conditions identified for TQ Pro members...
Learn more about TQ Pro
Trending Assets

Upgrade your trading!

Get the stats behind the charts

Find out what happened when Corp Travel Limited traded like this in the past. See the odds for each technical pattern with expected gain and loss.

Signup
Stocks Top Movers
ETHUSD 299.414.99 1.69%
BTCUSD 6,500.1790.59 1.41%
HSI 27,598.02384.61 1.41%
NATGAS 2.9440.033 1.13%
GOLD 1,191.810.8 0.91%
CAC 5,344.93-4.09 -0.08%
DAX 12,210.55-26.62 -0.22%
NKY 22,199.00-71.38 -0.32%
USDJPY 110.50-0.40 -0.36%
DXY 95.980-0.555 -0.57%
Start your day with the facts moving the markets
By clicking "Subscribe", you agree to our terms and privacy policy.

Related Stocks

ABBV 10 day candlestick chart for ABBV98.81 0.59
0.60%
ACN 10 day candlestick chart for ACN164.89 2.00
1.23%
ADBE 10 day candlestick chart for ADBE245.70 -3.19
-1.28%
AAP 10 day candlestick chart for AAP159.72 0.23
0.14%
AES 10 day candlestick chart for AES13.94 0.07
0.50%
AET 10 day candlestick chart for AET198.86 0.39
0.20%
AFL 10 day candlestick chart for AFL46.76 0.26
0.56%
AMG 10 day candlestick chart for AMG146.59 0.30
0.21%
A 10 day candlestick chart for A64.66 -0.84
-1.28%
ABT 10 day candlestick chart for ABT64.72 0.56
0.87%