FLT.AX closes lower for the 2nd day in a row


Flight Centre Travel (FLT.AX) Technical Analysis Report for Sep 14, 2018 | by Techniquant Editorial Team

Highlights

FLT.AX closes lower for the 2nd day in a row
FLT.AX falls to lowest close since April 23rd
FLT.AX closes within previous day's range after lackluster session
FLT.AX ends the day indecisive

Overview

Moving lower for the 2nd day in a row, FLT.AX finished the week -3.4% lower at 55.43 after losing A$0.35 (-0.63%) today. Today's closing price of 55.43 marks the lowest close since April 23rd. Closing within the prior day's range, prices failed to decisively move beyond the previous day's trading range in a lackluster session. Ending the day with an indecisive close, neither buyers nor sellers were able to gain control during the session.

Daily Candlestick Chart (FLT.AX as at Sep 14, 2018):

Daily technical analysis candlestick chart for Flight Centre Travel (FLT.AX) as at Sep 14, 2018

Friday's trading range was A$0.87 (1.56%), that's below last trading month's daily average range of A$1.64. Things look different on a weekly scale, where volatility is way below the markets average with the monthly volatility being above average.

Prices are trading close to the key resistance level at 56.18.

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


Market Conditions for FLT.AX as at Sep 14, 2018

Loading Market Conditions for FLT.AX (Flight Centre Travel)...
Trending Assets

Upgrade your trading!

Get the stats behind the charts

Find out what happened when Flight Centre Travel traded like this in the past. See the odds for each technical pattern with expected gain and loss.

Find out more
Top Movers
You have free reports remaining. Subscribe for unlimited access...SUBSCRIBELOGINGO!