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 [< 1 min read]
Highlights
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
TQ Sentiment
Report Sentiment: 100% Bearish
Technical Forecast:
Overview

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 chart for CTX.AX
Volatility

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.

Trend

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

Conclusion

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
Condition Forecast Direction Win Avg Worst Best Events
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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