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 [< 1 min read]
Highlights
ECX.AX closes above its opening price after recovering from early selling pressure
ECX.AX closes within previous day's range
ECX.AX ends the day indecisive
TQ Sentiment
Report Sentiment: 33% Bullish
Technical Forecast:
Overview

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 chart for ECX.AX
Volatility

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.

Trend

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

Conclusion

While classical technical analysis indicates a neutral sentiment for the next trading day, our quantitative statistics show a different picture being slightly bearish.

Market Conditions for Eclipx Group Limited
Condition Forecast Direction Win Avg Worst Best Events
2 Consecutive Lower Closes TQ Pro Members Only
Low close to previous low TQ Pro Members Only
Close to Swing High TQ Pro Members Only
High close to previous two Highs TQ Pro Members Only
Tweezer Bottom TQ Pro Members Only
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