EVN.AX dominated by bulls lifting the market higher throughout the day


Evolution Mining Limited (EVN.AX) Technical Analysis Report for Jun 14, 2018 [< 1 min read]
Highlights
EVN.AX rallies 3.23% closing A$0.11 higher
EVN.AX pushes through key resistance level
EVN.AX dominated by bulls lifting the market higher throughout the day
EVN.AX ends the day on a bullish note closing near the high of the day
EVN.AX pushes through previous session high
TQ Sentiment
Technical Forecast:
Overview

EVN.AX ended Thursday at 3.52 surging A$0.11 (3.23%). This is the biggest single day gain in over a week. Today's closing price of 3.52 marks the highest close since Inception. The bulls were in full control today, moving the market higher throughout the whole session. Closing above Wednesday's high at 3.48, the market confirms its breakout through the prior session's high having traded A$0.04 above it intraday. Ending with a strong close near the high of the day sets a bullish note for the next session.

Daily chart for EVN.AX
Volatility

Thursday's trading range was A$0.10 (2.92%), that's far above last trading month's daily average range of A$0.08. Things look different on a weekly scale, where volatility is below the markets average with the monthly volatility being above average.

Support/Resistance

Breaking through the key resistance level at 3.47 today, it is now likely to act as support going forward.

Trend

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

Conclusion

Even though both sentiments are bullish for the next trading day, our quantitative statistics are only slightly bullish while the classical technical analysis metrics show a very bullish sentiment.

Market Conditions for Evolution Mining Limited
ConditionForecastDirectionWinAvgWorstBestEvents
Close to S1 Support TQ Pro Members Only
High close to previous High TQ Pro Members Only
Close to Swing Low TQ Pro Members Only
More market conditions identified for TQ Pro members...
Learn more about TQ Pro
Trending Assets

Upgrade your trading!

Get the stats behind the charts

Find out what happened when Evolution Mining Limited traded like this in the past. See the odds for each technical pattern with expected gain and loss.

Signup

Stocks Top Movers

CRUDE 65.800.46 0.70%
GBPUSD 1.32440.0076 0.58%
TBOND 143.9060.687 0.48%
NATGAS 2.9750.009 0.30%
EURUSD 1.16030.0027 0.23%
GOLD 1,269.0-1.0 -0.08%
DXY 94.405-0.310 -0.33%
USDJPY 109.97-0.39 -0.35%
BTCUSD 6,723.12-29.41 -0.44%
SPX 2,749.76-17.56 -0.63%
Start your day with the facts moving the markets
By clicking "Subscribe", you agree to our terms and privacy policy.

Related Stocks

ABBV 10 day candlestick chart for ABBV95.55 -2.70
-2.75%
ACN 10 day candlestick chart for ACN160.03 -1.74
-1.08%
ADBE 10 day candlestick chart for ADBE248.83 -2.41
-0.96%
AAP 10 day candlestick chart for AAP139.50 0.34
0.24%
AES 10 day candlestick chart for AES12.89 -0.04
-0.31%
AET 10 day candlestick chart for AET189.15 -1.08
-0.57%
AFL 10 day candlestick chart for AFL44.43 -0.29
-0.65%
AMG 10 day candlestick chart for AMG153.43 0.70
0.46%
A 10 day candlestick chart for A63.04 0.25
0.40%
ABT 10 day candlestick chart for ABT61.75 -0.39
-0.63%