CWN.AX surges 1.11% closing A$0.15 higher


Crown Resorts Limited (CWN.AX) Technical Analysis Report for Jul 13, 2018 [1 min read]
Highlights
CWN.AX rallies 1.11% closing A$0.15 higher
CWN.AX pushes through key resistance level
CWN.AX pushes through 20-day moving average
CWN.AX finds buyers again around 13.46
CWN.AX pushes through previous session high
TQ Sentiment
Report Sentiment: 85% Bullish
Technical Forecast:
Overview

CWN.AX ended the week 1.11% higher at 13.65 after surging A$0.15 (1.11%) today. This is the biggest single day gain in over four weeks. Today's closing price of 13.65 marks the highest close since June 28th. Closing above Thursday's high at 13.58, Crown Resorts confirms its breakout through the prior session's high having traded A$0.16 above it intraday.

Daily chart for CWN.AX
Volatility

Friday's trading range was A$0.28 (2.08%), that's far above last trading month's daily average range of A$0.20. Things look different on a weekly scale, where volatility is below the markets average with the monthly volatility being slightly below average.

Price Action

In a volatile session, prices traded above the previous day's high as well as below the prior day's low, forming a bullish Outside Bar.

Support/Resistance

Breaking through the key resistance level at 13.60 today, it is now likely to act as support going forward. After having been unable to move lower than 13.48 in the previous session, the market found buyers again around the same price level today at 13.46.

Trend

The trend is clearly bullish, showing an intact uptrend in the short, medium and long-term. The share managed to break above the 20-day moving average at 13.56 today for the first time since June 15th.

Order Flow

With prices trading close to this year's high at 13.88, upside momentum might speed up should the stock be able to break out to new highs for the year. Further buying could move prices higher should the market test June's nearby high at 13.86.

Conclusion

Even though both sentiments are bullish for the next trading day, our quantitative statistics are only slightly bullish while the classical technical analysis metrics show a very bullish sentiment.

Market Conditions for Crown Resorts Limited
ConditionForecastDirectionWinAvgWorstBestEvents
High close to previous High TQ Pro Members Only
Close to S1 Support TQ Pro Members Only
Last Engulfing Bottom Pattern TQ Pro Members Only
Close to Swing High TQ Pro Members Only
Low close to previous low TQ Pro Members Only
More market conditions identified for TQ Pro members...
Learn more about TQ Pro
Latest Report:

CWN.AX ends the day indecisive

Jul 20, 2018
Trending Assets

Upgrade your trading!

Get the stats behind the charts

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

Signup

Stocks Top Movers

ETHUSD 462.3514.38 3.21%
BTCUSD 7,414.9082.64 1.13%
GBPUSD 1.31350.0120 0.92%
GOLD 1,231.99.4 0.77%
HSI 28,224.48213.62 0.76%
INDU 25,058.12-6.38 -0.03%
NDX 7,350.23-2.13 -0.03%
FTSE 7,678.79-5.21 -0.07%
NATGAS 2.733-0.002 -0.07%
SPX 2,801.83-2.66 -0.09%
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 ABBV88.91 -1.04
-1.16%
ACN 10 day candlestick chart for ACN166.52 -0.37
-0.22%
ADBE 10 day candlestick chart for ADBE257.54 -0.14
-0.05%
AAP 10 day candlestick chart for AAP142.67 -0.70
-0.49%
AES 10 day candlestick chart for AES13.03 0.00
0.00%
AET 10 day candlestick chart for AET187.22 -2.82
-1.48%
AFL 10 day candlestick chart for AFL43.06 0.17
0.40%
AMG 10 day candlestick chart for AMG148.84 -0.47
-0.31%
A 10 day candlestick chart for A63.85 -0.30
-0.47%
ABT 10 day candlestick chart for ABT63.32 -0.46
-0.72%