ECX.AX closes within previous day's range

Eclipx Group Limited (ECX.AX) Technical Analysis Report for Aug 10, 2018 | by Techniquant Editorial Team


ECX.AX finds buyers around 1.85 for the third day in a row
ECX.AX stuck within tight trading range
ECX.AX closes within previous day's range
ECX.AX ends the day indecisive


ECX.AX finished the week -37.7% lower at 1.90 after flat today. 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 Aug 10, 2018):

Daily technical analysis candlestick chart for Eclipx Group Limited (ECX.AX) as at Aug 10, 2018

Friday's trading range was A$0.09 (4.74%), that's slightly above last trading month's daily average range of A$0.08. Weekly volatility is also higher, being way above the markets average with the monthly volatility being way above average. Prices continued to consolidate within a tight trading range between 1.85 and 2.05 which it has been in now for the last three days.

The market found buyers again today around 1.85 for the third trading day in a row after having found demand at 1.86 in the previous session and at 1.87 two days ago.

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

Market Conditions for ECX.AX as at Aug 10, 2018

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