ECX.AX closes above its opening price after recovering from early selling pressure
Eclipx Group Limited (ECX.AX) Technical Analysis Report for Jun 14, 2018 | by Techniquant Editorial Team
ECX.AX ended Thursday at 3.22 gaining A$0.02 (0.62%). Trading up to A$0.05 lower after the open, the market managed to reverse during the session as bulls took control ending the day above its opening price. Closing within the previous day's range, prices failed to decisively move past the prior day's trading range. Ending the day with an indecisive close, neither buyers nor sellers were able to gain control during the session.
Daily Candlestick Chart (ECX.AX as at Jun 14, 2018):
Thursday's trading range was A$0.09 (2.8%), that's slightly above last trading month's daily average range of A$0.09. Weekly volatility is also higher, being slightly above the markets average with the monthly volatility being below average.
The trend is clearly bearish, showing an intact downtrend in the short, medium and long-term.