DHG.AX ends the day on a bearish note closing near the low of the day


Domain Holdings Aus (DHG.AX) Technical Analysis Report for Jun 14, 2018 [< 1 min read]
Highlights
DHG.AX fails to close above 50-day moving average
DHG.AX closes lower for the 2nd day in a row
DHG.AX ends the day on a bearish note closing near the low of the day
DHG.AX breaks below previous session low
TQ Sentiment
Technical Forecast:
Overview

Moving lower for the 2nd day in a row, DHG.AX finished Thursday at 3.17 losing A$0.03 (-0.94%). Closing below Wednesday's low at 3.18, the share confirms its breakout through the prior session's low having traded A$0.02 below it intraday. Ending with a weak close near the low of the day sets a bearish note for the next session.

Daily chart for DHG.AX
Volatility

Thursday's trading range was A$0.06 (1.88%), that's below last trading month's daily average range of A$0.08. Things look different on a weekly scale, where volatility is above the markets average with the monthly volatility being exactly the same as average.

Support/Resistance

Prices are trading close to a key support level at 3.14. Prices are trading close to the key resistance level at 3.24. After spiking up to 3.22 during the day, the market found resistance at the 50-day moving average at 3.20.

Trend

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

Order Flow

Trading close to April's low at 3.02 we could see further downside momentum if potential sell stops at the level get triggered.

Conclusion

While classical technical analysis indicates a bearish sentiment for the next trading day, our quantitative statistics show a different picture being neutral.

Market Conditions for Domain Holdings Aus
ConditionForecastDirectionWinAvgWorstBestEvents
Decisive Up Move TQ Pro Members Only
White Candle TQ Pro Members Only
Close to S1 Support TQ Pro Members Only
Price broke through Technical Resistance R1 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
Trending Assets

Upgrade your trading!

Get the stats behind the charts

Find out what happened when Domain Holdings Aus traded like this in the past. See the odds for each technical pattern with expected gain and loss.

Signup

Stocks Top Movers

ETHUSD 536.1919.91 3.86%
NKY 22,555.43276.95 1.24%
HSI 29,696.17228.02 0.77%
BTCUSD 6,737.8430.35 0.45%
DXY 94.7300.270 0.29%
EURUSD 1.1592-0.0031 -0.27%
GOLD 1,277.0-3.6 -0.28%
NDX 7,228.04-23.37 -0.32%
FTSE 7,603.85-27.45 -0.36%
SPX 2,762.57-11.30 -0.41%
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 ABBV98.01 -0.47
-0.48%
ACN 10 day candlestick chart for ACN163.31 0.43
0.26%
ADBE 10 day candlestick chart for ADBE251.74 -3.95
-1.54%
AAP 10 day candlestick chart for AAP138.30 0.06
0.04%
AES 10 day candlestick chart for AES13.08 0.01
0.08%
AET 10 day candlestick chart for AET189.28 2.33
1.25%
AFL 10 day candlestick chart for AFL45.00 -0.17
-0.38%
AMG 10 day candlestick chart for AMG154.00 1.00
0.65%
A 10 day candlestick chart for A63.52 -1.45
-2.23%
ABT 10 day candlestick chart for ABT62.34 -0.48
-0.76%