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


Domain Holdings Aus (DHG.AX) Technical Analysis Report for Jul 13, 2018 | by Techniquant Editorial Team

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

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 Candlestick Chart (DHG.AX as at Jul 13, 2018):

Daily technical analysis candlestick chart for Domain Holdings Aus (DHG.AX) as at Jul 13, 2018

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.

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.

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

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


Market Conditions for DHG.AX as at Jul 13, 2018

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