APRIL SALE: Save over 60% on our Pro Plans!

IAG.AX falls to lowest close since April 4th

Technical Analysis Report for IAG.AX - Apr 17, 2018 [< 1 min read]
IAG.AX closes lower for the 4th day in a row
IAG.AX ends the day on a bearish note closing near the low of the day
IAG.AX breaks below previous session low
IAG.AX falls to lowest close since April 4th
TQ Sentiment
Technical Forecast:

Moving lower for the 4th day in a row, IAG.AX ended Tuesday at 7.49 losing A$0.04 (-0.53%) on low volume. Today's closing price of 7.49 marks the lowest close since April 4th. Closing below Saturday's low at 7.51, the market confirms its breakout through the previous session's low having traded A$0.03 below it intraday. Ending with a weak close near the low of the day sets a bearish note for the next session.

Daily chart for IAG.AX

Tuesday's trading range was A$0.10 (1.32%), that's slightly below last trading month's daily average range of A$0.10. Things look different on a weekly scale, where volatility is slightly below the markets average with the monthly volatility being below average.


Prices are trading close to a key support level at 7.46.


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

Order Flow

Selling could accelerate should prices move below the nearby swing low at 7.45 where further sell stops might get activated. As prices are trading close to April's low at 7.37, downside momentum could speed up should the share mark new lows for the month.


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

Report Market Conditions
Closed below last periods low TQ Pro Members Only
Close to S1 Support TQ Pro Members Only
4 Consecutive Lower Closes TQ Pro Members Only
Close to Swing Low TQ Pro Members Only
Down Close Near Low of Period TQ Pro Members Only
More market conditions identified for TQ Pro members...
Learn more about TQ Pro
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.


Stocks Top Movers

USDJPY 109.430.61 0.56%
NKY 22,319.61104.29 0.47%
DXY 90.9550.415 0.46%
CRUDE 68.010.29 0.43%
INDU 24,083.8359.70 0.25%
GBPUSD 1.3932-0.0045 -0.32%
TBOND 141.750-0.594 -0.42%
GOLD 1,324.4-7.8 -0.59%
EURUSD 1.2161-0.0072 -0.59%
FTSE 7,379.32-46.08 -0.62%
Start your day with the facts moving the markets
By clicking "Subscribe", you agree to our terms and privacy policy.