JHG.AX breaks below 50-day moving average
JHG.AX ended Thursday at 42.17 losing A$0.26 (-0.61%). Trading up to A$0.26 lower after the open, Janus Henderson managed to reverse during the session as bulls took control ending the day above its opening price. Ending the day with an indecisive close, neither buyers nor sellers were able to gain control during the session.
Thursday's trading range was A$0.55 (1.31%), that's slightly above last trading month's daily average range of A$0.53. Things look different on a weekly scale, where volatility is below the markets average with the monthly volatility being exactly the same as average.
After trading as low as 41.81 during the day, the market bounced off the key support level at 41.85. The failure to close below the support could increase that levels importance as support going forward. Prices are trading close to the key resistance level at 42.53. After spiking up to 42.36 during the day, the stock found resistance at the 50-day moving average at 42.21.
Although still in a long-term downtrend, the short and medium-term trends both turned bullish already. The share broke below the 50-day moving average at 42.21 today for the first time since May 25th.
Buying might accelerate should prices move above the nearby swing high at 42.53 where further buy stops could get activated.
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 Janus Henderson Chess Depositary Interests
|Close to S1 Support||TQ Pro Members Only|
|Price broke through Technical Resistance R1||TQ Pro Members Only|
|Low close to previous low||TQ Pro Members Only|
|Closed above last periods high||TQ Pro Members Only|
|Up Close near high of period||TQ Pro Members Only|
More market conditions identified for TQ Pro members...
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