DPW.DE crashes -2.17% closing €0.68 lower


Deutsche Post AG (DPW.DE) Technical Analysis Report for Aug 10, 2018 [< 1 min read]
Highlights
DPW.DE tanks -2.17% closing €0.68 lower
DPW.DE dominated by bears dragging the market lower throughout the day
DPW.DE ends the day on a bearish note closing near the low of the day
DPW.DE breaks below previous session low
TQ Sentiment
Report Sentiment: 80% Bearish
Technical Forecast:
Overview

DPW.DE finished the week 3.73% higher at 30.63 after tanking €0.68 (-2.17%) today. This is the biggest single day loss in over a month. The bears were in full control today, moving the market lower throughout the whole session. Closing below Thursday's low at 31.04, the market confirms its breakout through the previous session's low having traded €0.50 below it intraday. Ending with a weak close near the low of the day sets a bearish note for the next session.

Daily chart for DPW.DE
Volatility

Friday's trading range was €0.67 (2.16%), that's slightly above last trading month's daily average range of €0.58. Weekly volatility is also higher, being above the markets average with the monthly volatility being above average.

Support/Resistance

Prices are trading close to a key support level at 30.12.

Trend

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

Conclusion

Both sentiments, the classical technical analysis and our quantitative statistics are in perfect alignment today showing a bearish sentiment for the next trading day.

Market Conditions for Deutsche Post AG
Condition Forecast Direction Win Avg Worst Best Events
Close to Swing High TQ Pro Members Only
Up Close near high of period TQ Pro Members Only
Bullish Intraday Reversal TQ Pro Members Only
Close near high of period TQ Pro Members Only
Close to Swing Low TQ Pro Members Only
More market conditions identified for TQ Pro members...
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