LLC.AX finds support at 20-day moving average

Lend Lease Group (LLC.AX) Technical Analysis Report for Jul 13, 2018

Highlights

LLC.AX finds support at 20-day moving average
LLC.AX finds buyers again around 19.86
LLC.AX closes within previous day's range
LLC.AX ends the day indecisive

TQ Sentiment

Report Sentiment: 33% Bullish
Technical Forecast:

Overview

LLC.AX finished the week -1.62% lower at 20.04 after gaining A$0.10 (0.5%) today. Closing within the prior day's range, prices failed to decisively move past the previous day's trading range. Ending the day with an indecisive close, neither buyers nor sellers were able to gain control during the session.

Daily chart for LLC.AX

Volatility

Friday's trading range was A$0.24 (1.2%), that's slightly below last trading month's daily average range of A$0.28. Things look different on a weekly scale, where volatility is slightly below the markets average with the monthly volatility being below average.

Support/Resistance

Prices are trading close to the key resistance level at 20.18. After having been unable to move lower than 19.84 in the prior session, Lend Lease found buyers again around the same price level today at 19.86. After trading as low as 19.86 during the day, the share found support at the 20-day moving average at 19.93.

Trend

The trend is clearly bullish, showing an intact uptrend in the short, medium and long-term.

Order Flow

Selling might accelerate should prices move below the close-by swing low at 19.84 where further sell stops could get activated.

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 Lend Lease Group

Loading Market Conditions for $LLC.AX (Lend Lease Group)...
Trending Assets

Upgrade your trading!

Get the stats behind the charts

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

Find out more
Top Market Movers

Related Stocks

ABP.AX 10 day candlestick chart for ABP.AX 3.47 0.07 (2.06%)
AOG.AX 10 day candlestick chart for AOG.AX 2.09 0.03 (1.46%)
BWP.AX 10 day candlestick chart for BWP.AX 3.36 0.02 (0.60%)
CHC.AX 10 day candlestick chart for CHC.AX 7.06 -0.01 (-0.14%)
CLW.AX 10 day candlestick chart for CLW.AX 4.34 -0.01 (-0.23%)
CMW.AX 10 day candlestick chart for CMW.AX 1.11 0.00 (0.00%)
CQR.AX 10 day candlestick chart for CQR.AX 4.29 0.02 (0.47%)
DXS.AX 10 day candlestick chart for DXS.AX 10.60 0.11 (1.05%)
GMG.AX 10 day candlestick chart for GMG.AX 10.29 0.03 (0.29%)
GOZ.AX 10 day candlestick chart for GOZ.AX 3.92 0.01 (0.26%)
You have free reports remaining. Subscribe for unlimited access...SUBSCRIBELOGINGO!