FPH.AX rockets 2.12% closing A$0.29 higher


Fisher & Paykel H Foreign Exempt NZX (FPH.AX) Technical Analysis Report for Jun 14, 2018 [< 1 min read]
Highlights
FPH.AX rallies 2.12% closing A$0.29 higher
FPH.AX dominated by bulls lifting the market higher throughout the day
FPH.AX closes higher for the 4th day in a row
FPH.AX ends the day on a bullish note closing near the high of the day
FPH.AX pushes through previous session high
TQ Sentiment
Report Sentiment: 66% Bullish
Technical Forecast:
Overview

Moving higher for the 4th day in a row, FPH.AX ended Thursday at 13.95 surging A$0.29 (2.12%). This is the biggest single day gain in over a week. Today's closing price of 13.95 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 13.68, Fisher & confirms its breakout through the previous session's high having traded A$0.30 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 FPH.AX
Volatility

Thursday's trading range was A$0.24 (1.75%), that's slightly above last trading month's daily average range of A$0.24. Weekly volatility is also higher, being above the markets average with the monthly volatility being way above average.

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, the classical technical analysis metrics are only bullish while our quantitative statistics show a very bullish sentiment.

Market Conditions for Fisher & Paykel H Foreign Exempt NZX
Condition Forecast Direction Win Avg Worst Best Events
Close to R1 Resistance TQ Pro Members Only
Strong Up Move TQ Pro Members Only
Decisive Up Move TQ Pro Members Only
White Candle TQ Pro Members Only
Low close to previous low TQ Pro Members Only
More market conditions identified for TQ Pro members...
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