DPW.DE fails to close above 20-day moving average


Deutsche Post AG (DPW.DE) Technical Analysis Report for Jul 13, 2018 [< 1 min read]
Highlights
DPW.DE fails to close above 20-day moving average
DPW.DE pushes through previous session high
DPW.DE still stuck within tight trading range
DPW.DE ends the day indecisive
TQ Sentiment
Report Sentiment: 0% Neutral
Technical Forecast:
Overview

DPW.DE ended the week 1.7% higher at 28.06 after gaining €0.41 (1.48%) today. Closing above Thursday's high at 27.91, DeutschePost confirms its breakout through the previous session's high having traded €0.48 above it intraday. Ending the day with an indecisive close, neither buyers nor sellers were able to gain control during the session.

Daily chart for DPW.DE
Volatility

Friday's trading range was €0.51 (1.83%), that's slightly below last trading month's daily average range of €0.52. Things look different on a weekly scale, where volatility is below the markets average with the monthly volatility being way below average. Prices continued to consolidate within a tight trading range between 27.55 and 28.51 which it has been in now for the last trading week.

Support/Resistance

After spiking up to 28.39 during the day, the market found resistance at the 20-day moving average at 28.33.

Trend

While the share is experiencing a short-term up trend, this might just be a correction, as both the medium and long term trends are still in negative territory.

Order Flow

Buying could speed up should prices move above the nearby swing high at 28.51 where further buy stops might get activated.

Conclusion

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

Market Conditions for Deutsche Post AG
ConditionForecastDirectionWinAvgWorstBestEvents
Close to Swing High TQ Pro Members Only
Close to R1 Resistance TQ Pro Members Only
More market conditions identified for TQ Pro members...
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Latest Report:

DPW.DE ends the day indecisive

Jul 20, 2018
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