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

IPL.AX pushes through 20-day moving average


Technical Analysis Report for IPL.AX - Apr 17, 2018 [1 min read]
Highlights
IPL.AX pushes through 20-day moving average
IPL.AX unable to break through key resistance level
IPL.AX fails to close above 200-day moving average
IPL.AX closes higher for the 2nd day in a row
IPL.AX ends the day indecisive
TQ Sentiment
Technical Forecast:
Overview

Moving higher for the 2nd day in a row, IPL.AX finished Tuesday at 3.62 gaining A$0.03 (0.84%) on low volume. Ending the day with an indecisive close, neither buyers nor sellers were able to gain control during the session.

Daily chart for IPL.AX
Volatility

Tuesday's trading range was A$0.07 (1.94%), that's slightly above last trading month's daily average range of A$0.07. Things look different on a weekly scale, where volatility is below the markets average with the monthly volatility being slightly above average.

Support/Resistance

Prices are trading close to a key support level at 3.57. Unable to break through the key technical resistance level at 3.65, the market closed below it after spiking as high as 3.65 during the day. The failure to close above the resistance could increase that levels importance as resistance going forward. After spiking up to 3.65 during the day, the stock found resistance at the 200-day moving average at 3.62.

Trend

While Incitec Pivot is experiencing a short-term up trend, this might just be a correction, as both the medium and long term trends are still in negative territory. The share managed to break above the 20-day moving average at 3.62 today for the first time since February 20th.

Order Flow

Buying could accelerate should prices move above the close-by swing high at 3.66 where further buy stops might get triggered.

Conclusion

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

Report Market Conditions
ConditionForecastDirectionWinAvgWorstBest
Bounced off Technical Resistance R1 TQ Pro Members Only
Bearish Bounce off SMA 200 TQ Pro Members Only
Bullish Break through SMA 20 TQ Pro Members Only
Close to S1 Support TQ Pro Members Only
2 Consecutive Higher Closes TQ Pro Members Only
More market conditions identified for TQ Pro members...
Learn more about TQ Pro
Latest Report:

IPL.AX ends the day indecisive

Apr 25, 2018
Trending Assets

Upgrade your trading!

Get the stats behind the charts

Find out what happened when Incitec Pivot traded like this in the past. See the odds for each technical pattern with expected gain and loss.

Signup

Stocks Top Movers

ETHUSD 706.3763.66 9.90%
BTCUSD 9,656.35704.38 7.87%
NATGAS 2.8110.032 1.15%
GOLD 1,332.25.6 0.42%
GBPUSD 1.39770.0039 0.28%
DXY 90.540-0.165 -0.18%
NKY 22,215.32-62.80 -0.28%
TBOND 142.344-0.594 -0.42%
FTSE 7,379.32-46.08 -0.62%
HSI 30,327.77-308.47 -1.01%
Start your day with the facts moving the markets
By clicking "Subscribe", you agree to our terms and privacy policy.