IAG.AX pushes through previous session high

Insurance Australia Group Ltd (IAG.AX) Technical Analysis Report for Jul 13, 2018 | by Techniquant Editorial Team


IAG.AX closes higher for the 2nd day in a row
IAG.AX pushes through previous session high
IAG.AX ends the day indecisive


Moving higher for the 2nd day in a row, IAG.AX ended the week -1.33% lower at 8.17 after gaining A$0.06 (0.74%) today. Closing above Thursday's high at 8.13, the stock confirms its breakout through the previous session's high having traded A$0.07 above it intraday. Ending the day with an indecisive close, neither buyers nor sellers were able to gain control during the session.

Daily Candlestick Chart (IAG.AX as at Jul 13, 2018):

Daily technical analysis candlestick chart for Insurance Australia Group Ltd (IAG.AX) as at Jul 13, 2018

Friday's trading range was A$0.07 (0.86%), that's below last trading month's daily average range of A$0.13. Things look different on a weekly scale, where volatility is way below the markets average with the monthly volatility being slightly below average.

While Insurance Australia is currently in a short-term down trend, this might just be a correction, as the medium and long term trends are both positive.

Further selling could move prices lower should the market test June's close-by low at 7.94.

Market Conditions for IAG.AX as at Jul 13, 2018

Loading Market Conditions for IAG.AX (Insurance Australia Group Ltd)...
Latest Report:

IAG.AX pushes through Thursday's high

Feb 22, 2019
Trending Assets

Upgrade your trading!

Get the stats behind the charts

Find out what happened when Insurance Australia Group Ltd 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!