CTX.AX tanks, loses A$0.49 (-1.46%) within a single day
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.
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.
Even though both sentiments are bearish for the next trading day, our quantitative statistics are only slightly bearish while the classical technical analysis metrics show a very bearish sentiment.
Market Conditions for Caltex Australia Ltd
|Close to S1 Support||TQ Pro Members Only|
|Black Candle||TQ Pro Members Only|
|Close to Swing High||TQ Pro Members Only|
|Last Engulfing Bottom Pattern||TQ Pro Members Only|
|RSI(2) below 20||TQ Pro Members Only|
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