GXL.AX finds support at 20-day moving average


Greencross Limited (GXL.AX) Technical Analysis Report for Jun 14, 2018 [< 1 min read]
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
TQ Sentiment
Report Sentiment: 0% Neutral
Technical Forecast:
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 chart for GXL.AX
Volatility

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.

Support/Resistance

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

Trend

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

Order Flow

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.

Conclusion

While classical technical analysis indicates a neutral sentiment for the next trading day, our quantitative statistics show a different picture being bullish.

Market Conditions for Greencross Limited
Condition Forecast Direction Win Avg Worst Best Events
Down Close Near Low of Period TQ Pro Members Only
Bearish Outside Bar TQ Pro Members Only
Close to R1 Resistance TQ Pro Members Only
Closed below last periods low TQ Pro Members Only
Black Candle TQ Pro Members Only
More market conditions identified for TQ Pro members...
Learn more about TQ Pro
Latest Report:

GXL.AX breaks key support level

Aug 20, 2018
Trending Assets

Upgrade your trading!

Get the stats behind the charts

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

Signup
Stocks Top Movers
ETHUSD 299.414.99 1.69%
BTCUSD 6,500.1790.59 1.41%
HSI 27,598.02384.61 1.41%
NATGAS 2.9440.033 1.13%
GOLD 1,191.810.8 0.91%
CAC 5,344.93-4.09 -0.08%
DAX 12,210.55-26.62 -0.22%
NKY 22,199.00-71.38 -0.32%
USDJPY 110.50-0.40 -0.36%
DXY 95.980-0.555 -0.57%
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 ABBV98.81 0.59
0.60%
ACN 10 day candlestick chart for ACN164.89 2.00
1.23%
ADBE 10 day candlestick chart for ADBE245.70 -3.19
-1.28%
AAP 10 day candlestick chart for AAP159.72 0.23
0.14%
AES 10 day candlestick chart for AES13.94 0.07
0.50%
AET 10 day candlestick chart for AET198.86 0.39
0.20%
AFL 10 day candlestick chart for AFL46.76 0.26
0.56%
AMG 10 day candlestick chart for AMG146.59 0.30
0.21%
A 10 day candlestick chart for A64.66 -0.84
-1.28%
ABT 10 day candlestick chart for ABT64.72 0.56
0.87%