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 | by Techniquant Editorial Team

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

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 Candlestick Chart (IVC.AX as at Jul 13, 2018):

Daily technical analysis candlestick chart for Invocare Limited (IVC.AX) as at Jul 13, 2018

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.

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.

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

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

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.


Market Conditions for IVC.AX as at Jul 13, 2018

Loading Market Conditions for IVC.AX (Invocare Limited)...
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.

Find out more
Top Movers
You have free reports remaining. Subscribe for unlimited access...SUBSCRIBELOGINGO!