DHG.AX declines to lowest close since July 31st


Domain Holdings Aus (DHG.AX) Technical Analysis Report for Aug 10, 2018 | by Techniquant Editorial Team

Highlights

DHG.AX breaks below 100-day moving average
DHG.AX finds buyers at key support level
DHG.AX unable to break through key resistance level
DHG.AX breaks below previous session low
DHG.AX falls to lowest close since July 31st

Overview

DHG.AX finished the week -4.78% lower at 3.19 after losing A$0.07 (-2.15%) today. Today's closing price of 3.19 marks the lowest close since July 31st. Closing below Thursday's low at 3.22, the stock confirms its breakout through the prior session's low having traded A$0.06 below it intraday.

Daily Candlestick Chart (DHG.AX as at Aug 10, 2018):

Daily technical analysis candlestick chart for Domain Holdings Aus (DHG.AX) as at Aug 10, 2018

Friday's trading range was A$0.14 (4.28%), that's far above last trading month's daily average range of A$0.08. Weekly volatility is also higher, being slightly above the markets average with the monthly volatility being exactly the same as average.

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

After trading as low as 3.16 during the day, Domain Holdings bounced off the key support level at 3.16. The failure to close below the support might increase that levels importance as support going forward. Unable to break through the key technical resistance level at 3.29, the share closed below it after spiking as high as 3.30 during the day. The failure to close above the resistance could increase that levels importance as resistance going forward.

Though still in a long-term uptrend, the short and medium-term trends both turned bearish already. The market broke below the 100-day moving average at 3.20 today for the first time since July 31st.


Market Conditions for DHG.AX as at Aug 10, 2018

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