DMP.AX closes within prior day's range after lackluster session
Domino PIZZA Enterpr (DMP.AX) Technical Analysis Report for Sep 14, 2018 | by Techniquant Editorial Team
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 Candlestick Chart (DMP.AX as at Sep 14, 2018):
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.