GXL.AX finds support at 20-day moving average


Greencross Limited (GXL.AX) Technical Analysis Report for Jun 14, 2018 | by Techniquant Editorial Team

Highlights

GXL.AX closes below its opening price unable to hold early session gains
GXL.AX finds support at 20-day moving average
GXL.AX closes lower for the 3rd day in a row
GXL.AX falls to lowest close since May 28th
GXL.AX ends the day indecisive

Overview

Moving lower for the 3rd day in a row, GXL.AX finished Thursday at 4.42 losing A$0.05 (-1.12%). Today's closing price of 4.42 marks the lowest close since May 28th. Trading A$0.04 higher after the open, the market was unable to hold its gains as the bears took control ending the day below its opening price. Ending the day with an indecisive close, neither buyers nor sellers were able to gain control during the session.

Daily Candlestick Chart (GXL.AX as at Jun 14, 2018):

Daily technical analysis candlestick chart for Greencross Limited (GXL.AX) as at Jun 14, 2018

Thursday's trading range was A$0.11 (2.48%), that's slightly above last trading month's daily average range of A$0.11. Things look different on a weekly scale, where volatility is slightly below the markets average with the monthly volatility being way below average.

After trading as low as 4.36 during the day, the stock found support at the 20-day moving average at 4.37.

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

Buying might accelerate should prices move above the close-by swing high at 4.54 where further buy stops could get triggered. Selling might speed up should prices move below the nearby swing low at 4.36 where further sell stops could get activated.


Market Conditions for GXL.AX as at Jun 14, 2018

Loading Market Conditions for GXL.AX (Greencross Limited)...
Latest Report:

GXL.AX breaks below Thursday's low

Oct 19, 2018
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