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


Healthscope Limited (HSO.AX) Technical Analysis Report for Aug 10, 2018 [< 1 min read]
Highlights
HSO.AX dominated by bulls lifting the market higher throughout the day
HSO.AX runs into sellers again around 2.19
HSO.AX closes within previous day's range
TQ Sentiment
Report Sentiment: 0% Neutral
Technical Forecast:
Overview

HSO.AX finished the week unchanged at 2.18 after flat today on low volume. The bulls were in full control today, moving the market higher throughout the whole session. Closing within the prior day's range, prices failed to decisively move past the previous day's trading range.

Daily chart for HSO.AX
Volatility

Friday's trading range was A$0.03 (1.39%), that's slightly below last trading month's daily average range of A$0.03. Things look different on a weekly scale, where volatility is slightly below the markets average with the monthly volatility being slightly below average.

Support/Resistance

After having been unable to move above 2.19 in the prior session, the stock ran into sellers again around the same price level today, failing to move higher than 2.19.

Trend

Though still in a long-term uptrend, the short and medium-term trends both turned bearish already.

Conclusion

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

Market Conditions for Healthscope Limited
Condition Forecast Direction Win Avg Worst Best Events
Southern Doji TQ Pro Members Only
3 Consecutive Lower Closes TQ Pro Members Only
Closed below last periods low TQ Pro Members Only
Doji TQ Pro Members Only
Bullish Doji Star TQ Pro Members Only
More market conditions identified for TQ Pro members...
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Latest Report:

HSO.AX breaks below prior session low

Aug 15, 2018
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