IVC.AX ends the day on a bearish note closing near the low of the day


Invocare Limited (IVC.AX) Technical Analysis Report for Jul 13, 2018 [1 min read]
Highlights
IVC.AX closes below its opening price unable to hold early session gains
IVC.AX ends the day on a bearish note closing near the low of the day
IVC.AX closes within previous day's range
TQ Sentiment
Report Sentiment: 42% Bearish
Technical Forecast:
Overview

IVC.AX ended the week 2.32% higher at 14.09 after losing A$0.18 (-1.26%) today on low volume. Trading A$0.13 higher after the open, the share was unable to hold its gains as the bears took control ending the day below its opening price. Closing within the prior day's range, prices failed to decisively move beyond the previous day's trading range. Ending with a weak close near the low of the day sets a bearish note for the next session.

Daily chart for IVC.AX
Volatility

Friday's trading range was A$0.33 (2.31%), that's slightly above last trading month's daily average range of A$0.30. Weekly volatility is also higher, being above the markets average with the monthly volatility being above average.

Price Action

During the whole day, prices traded within the prior day's range, unable to trade above the previous day's high or below the prior day's low forming an Inside Bar.

Support/Resistance

Prices are trading close to a key support level at 14.04. Prices are trading close to the key resistance level at 14.41.

Trend

Although still in a long-term downtrend, the short and medium-term trends both turned bullish already.

Order Flow

Selling might speed up should prices move below the close-by swing low at 13.80 where further sell stops could get triggered. As prices are trading close to July's low at 13.64, downside momentum might accelerate should Invocare Limited mark new lows for the month.

Conclusion

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 Invocare Limited
ConditionForecastDirectionWinAvgWorstBestEvents
Close to Swing Low TQ Pro Members Only
Black Candle TQ Pro Members Only
Low close to previous two Lows TQ Pro Members Only
High close to previous High TQ Pro Members Only
Close to S1 Support 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 Invocare Limited traded like this in the past. See the odds for each technical pattern with expected gain and loss.

Signup

Stocks Top Movers

ETHUSD 477.0528.70 6.40%
BTCUSD 6,712.49348.90 5.48%
NKY 22,697.36100.01 0.44%
NATGAS 2.7670.009 0.33%
EURUSD 1.17110.0025 0.21%
GBPUSD 1.3234-0.0002 -0.02%
USDJPY 112.29-0.07 -0.06%
GOLD 1,241.0-0.8 -0.06%
SPX 2,798.43-2.88 -0.10%
DXY 94.275-0.225 -0.24%
Start your day with the facts moving the markets
By clicking "Subscribe", you agree to our terms and privacy policy.

Related Stocks

ABBV 10 day candlestick chart for ABBV96.25 -0.38
-0.39%
ACN 10 day candlestick chart for ACN167.64 -0.45
-0.27%
ADBE 10 day candlestick chart for ADBE254.68 -3.91
-1.51%
AAP 10 day candlestick chart for AAP139.67 0.33
0.24%
AES 10 day candlestick chart for AES13.13 -0.05
-0.38%
AET 10 day candlestick chart for AET191.45 -0.44
-0.23%
AFL 10 day candlestick chart for AFL42.78 0.18
0.42%
AMG 10 day candlestick chart for AMG148.62 0.14
0.09%
A 10 day candlestick chart for A62.72 -0.66
-1.04%
ABT 10 day candlestick chart for ABT61.78 -1.28
-2.03%