DHG.AX dominated by bears dragging the market lower throughout the day


Domain Holdings Aus (DHG.AX) Technical Analysis Report for Jul 13, 2018 [< 1 min read]
Highlights
DHG.AX dominated by bears dragging the market lower throughout the day
DHG.AX finds buyers again around 3.09
DHG.AX closes within previous day's range
TQ Sentiment
Report Sentiment: 50% Bullish
Technical Forecast:
Overview

DHG.AX ended the week -2.52% lower at 3.10 after gaining A$0.01 (0.32%) today. The bears were in full control today, moving the market lower throughout the whole session. Closing within the previous day's range, prices failed to decisively move past the prior day's trading range.

Daily chart for DHG.AX
Volatility

Friday's trading range was A$0.07 (2.22%), that's slightly above last trading month's daily average range of A$0.06. Weekly volatility is also higher, being slightly 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 3.08. After having been unable to move lower than 3.09 in the previous session, the stock found buyers again around the same price level today at 3.09.

Trend

While still in a long-term uptrend, the short and medium-term trends both turned bearish already.

Order Flow

Trading close to May's low at 3.05 we could see further downside momentum if potential sell stops at the level get activated.

Conclusion

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

Market Conditions for Domain Holdings Aus
ConditionForecastDirectionWinAvgWorstBestEvents
Close near low of period TQ Pro Members Only
Bearish Intraday Reversal TQ Pro Members Only
Close to Swing Low TQ Pro Members Only
Close to S1 Support TQ Pro Members Only
Bearish Spinning Top TQ Pro Members Only
More market conditions identified for TQ Pro members...
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