DPW.DE stuck within tight trading range


Deutsche Post AG (DPW.DE) Technical Analysis Report for May 17, 2018 [< 1 min read]
Highlights
DPW.DE stuck within tight trading range
DPW.DE closes within previous day's range after lackluster session
TQ Sentiment
Report Sentiment: 0% Neutral
Technical Forecast:
Overview

DPW.DE finished Thursday at 34.20 losing €0.09 (-0.26%). Closing within the prior day's range, prices failed to decisively move past the previous day's trading range in a lackluster session.

Daily chart for DPW.DE
Volatility

Thursday's trading range was €0.31 (0.91%), that's below last trading month's daily average range of €0.53. Things look different on a weekly scale, where volatility is way below the markets average with the monthly volatility being above average. Prices continued to consolidate within a tight trading range between 33.87 and 34.47 which it has been in now for the last three days.

Price Action

During the whole day, prices traded within the prior day's range, unable to trade above the previous day's high or below the prior day's low forming an Inside Bar.

Support/Resistance

Prices are trading close to a key support level at 33.87. Prices are trading close to the key resistance level at 34.47.

Trend

The trend is clearly bearish, showing an intact downtrend in the short, medium and long-term.

Order Flow

Buying might speed up should prices move above the nearby swing high at 34.47 where further buy stops could get triggered. Selling might accelerate should prices move below the close-by swing low at 33.87 where further sell stops could 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
RSI(2) above 80 TQ Pro Members Only
Close to S1 Support TQ Pro Members Only
2 Consecutive Higher Closes TQ Pro Members Only
Bullish Spinning Top TQ Pro Members Only
Bearish Bounce off SMA 20 TQ Pro Members Only
More market conditions identified for TQ Pro members...
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