DPW.DE crashes -2.17% closing €0.68 lower
Deutsche Post AG (DPW.DE) Technical Analysis Report for Aug 10, 2018 | by Techniquant Editorial Team
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 Candlestick Chart (DPW.DE as at Aug 10, 2018):
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.
Prices are trading close to a key support level at 30.12.
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.