DMP.AX closes within prior day's range after lackluster session

Domino PIZZA Enterpr (DMP.AX) Technical Analysis Report for Sep 14, 2018

Highlights

DMP.AX closes within previous day's range after lackluster session

TQ Sentiment

Report Sentiment: 50% Bullish
Technical Forecast:

Overview

DMP.AX ended the week -5.52% lower at 51.68 after flat today on low volume. Closing within the previous day's range, prices failed to decisively move beyond the prior day's trading range in a lackluster session.

Daily chart for DMP.AX

Volatility

Friday's trading range was A$0.76 (1.46%), that's far below last trading month's daily average range of A$1.64. Things look different on a weekly scale, where volatility is slightly below the markets average with the monthly volatility being way below average.

Support/Resistance

Prices are trading close to a key support level at 50.71.

Trend

Though the share is currently in a short-term down trend, this might just be a correction, as the medium and long term trends are both positive.

Conclusion

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

Market Conditions for Domino PIZZA Enterpr

Condition Forecast Direction Win Rate Exit Day Events
Bearish Break through SMA 50 TQ Pro Members Only
High close to previous High TQ Pro Members Only
Bounced off Technical Resistance R1 TQ Pro Members Only
Close to S1 Support TQ Pro Members Only
Tweezer Top TQ Pro Members Only
More market conditions identified for TQ Pro members...
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