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

Deutsche Post AG (DPW.DE) Technical Analysis Report for Jul 13, 2018 | by Techniquant Editorial Team


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


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 Candlestick Chart (DPW.DE as at Jul 13, 2018):

Daily technical analysis candlestick chart for Deutsche Post AG (DPW.DE) as at Jul 13, 2018

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.

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

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.

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

Market Conditions for DPW.DE as at Jul 13, 2018

Loading Market Conditions for DPW.DE (Deutsche Post AG)...
Trending Assets

Upgrade your trading!

Get the stats behind the charts

Find out what happened when Deutsche Post AG traded like this in the past. See the odds for each technical pattern with expected gain and loss.

Find out more
Top Movers
You have free reports remaining. Subscribe for unlimited access...SUBSCRIBELOGINGO!