IEL.AX rises to highest close since July 30th
IEL.AX ended the week 1.64% higher at 9.94 after gaining A$0.08 (0.81%) today on low volume. Today's closing price of 9.94 marks the highest close since July 30th. Trading A$0.12 higher after the open, the market was unable to hold its gains as the bears took control ending the day below its opening price. Closing within the previous day's range, prices failed to decisively move past the prior day's trading range.
Friday's trading range was A$0.27 (2.68%), that's slightly above last trading month's daily average range of A$0.24. Weekly volatility is also higher, being slightly above the markets average with the monthly volatility being slightly below average.
Prices are trading close to the key resistance level at 10.00.
Though the share is currently in a short-term down trend, this might just be a correction, as the medium and long term trends are both positive.
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 Ardent Leisure Group Ordinary/Units FP Stapled Sec
|Close to R1 Resistance||TQ Pro Members Only|
|Close to S1 Support||TQ Pro Members Only|
|Hanging Man||TQ Pro Members Only|
|Low close to previous low||TQ Pro Members Only|
|Close to Swing High||TQ Pro Members Only|
More market conditions identified for TQ Pro members...
Learn more about TQ Pro