DMP.AX closes within prior day's range after lackluster session
Domino PIZZA Enterpr (DMP.AX) Technical Analysis Report for Sep 14, 2018
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.
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.
Prices are trading close to a key support level at 50.71.
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.
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||Direction||Win Rate||Win Rate||Exit Day||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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