IAG.AX closes higher for the 8th day in a row
Moving higher for the 8th day in a row, IAG.AX ended Thursday at 8.40 gaining A$0.02 (0.24%). Today's closing price of 8.40 marks the highest close since Inception. Ending with a strong close near the high of the day sets a bullish note for the next session.
Thursday's trading range was A$0.05 (0.6%), that's far below 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 above average.
After having been unable to move above 8.40 in the prior session, the share ran into sellers again around the same price level today, failing to move higher than 8.41.
The trend is clearly bullish, showing an intact uptrend in the short, medium and long-term.
While classical technical analysis indicates a neutral sentiment for the next trading day, our quantitative statistics show a different picture being very bullish.
Market Conditions for Insurance Australia Group Ltd
|Close to R1 Resistance||TQ Pro Members Only|
|Closed below last periods low||TQ Pro Members Only|
|Bullish Bounce off SMA 200||TQ Pro Members Only|
|Price broke through Technical Support S1||TQ Pro Members Only|
More market conditions identified for TQ Pro members...
Learn more about TQ Pro