CWY.AX rises to highest close since February 13, 2009

Cleanaway Waste Limited (CWY.AX) Technical Analysis Report for Jul 13, 2018

Highlights

CWY.AX rallies 2.27% closing A$0.04 higher
CWY.AX closes higher for the 2nd day in a row
CWY.AX pushes through previous session high
CWY.AX rises to highest close since February 13, 2009

TQ Sentiment

Report Sentiment:
50% Bullish
Technical Forecast:
TQ Pro Only
See the overall Technical Analysis forecast for today.

Overview

Moving higher for the 2nd day in a row, CWY.AX ended the week 5.26% higher at 1.80 after surging A$0.04 (2.27%) today. This is the biggest single day gain in over three days. Today's closing price of 1.80 marks the highest close since February 13, 2009. Closing above Thursday's high at 1.77, the market confirms its breakout through the prior session's high having traded A$0.05 above it intraday.

Daily chart for CWY.AX

Volatility

Friday's trading range was A$0.06 (3.41%), that's far above last trading month's daily average range of A$0.04. Weekly volatility is also higher, being way above 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

Both sentiments, the classical technical analysis and our quantitative statistics are in perfect alignment today showing a neutral sentiment for the next trading day.

Market Conditions for Cleanaway Waste Limited

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