CTX.AX tanks, loses A$0.49 (-1.46%) within a single day

Caltex Australia Ltd (CTX.AX) Technical Analysis Report for Aug 10, 2018 | by Techniquant Editorial Team


CTX.AX crashes, loses A$0.49 (-1.46%) within a single day
CTX.AX dominated by bears dragging the market lower throughout the day
CTX.AX breaks below previous session low


CTX.AX ended the week 0.82% higher at 33.11 after tanking A$0.49 (-1.46%) today on low volume. This is the biggest single day loss in over a month. The bears were in full control today, moving the market lower throughout the whole session. Closing below Thursday's low at 33.24, the share confirms its breakout through the prior session's low having traded A$0.28 below it intraday.

Daily Candlestick Chart (CTX.AX as at Aug 10, 2018):

Daily technical analysis candlestick chart for Caltex Australia Ltd (CTX.AX) as at Aug 10, 2018

Friday's trading range was A$0.54 (1.61%), that's above last trading month's daily average range of A$0.47. Things look different on a weekly scale, where volatility is slightly below the markets average with the monthly volatility being slightly above average.

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

Market Conditions for CTX.AX as at Aug 10, 2018

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