LLC.AX closes below its opening price unable to hold early session gains


Lend Lease Group (LLC.AX) Technical Analysis Report for Aug 10, 2018 [< 1 min read]
Highlights
LLC.AX closes below its opening price unable to hold early session gains
LLC.AX closes lower for the 2nd day in a row
LLC.AX breaks below previous session low
LLC.AX ends the day indecisive
TQ Sentiment
Report Sentiment: 50% Bearish
Technical Forecast:
Overview

Moving lower for the 2nd day in a row, LLC.AX ended the week 0.38% higher at 21.08 after edging lower A$0.08 (-0.38%) today on low volume. Trading A$0.19 higher after the open, the market was unable to hold its gains as the bears took control ending the day below its opening price. Closing below Thursday's low at 21.16, the stock confirms its breakout through the previous session's low having traded A$0.15 below it intraday. 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$0.34 (1.61%), that's slightly below last trading month's daily average range of A$0.40. Things look different on a weekly scale, where volatility is slightly above the markets average with the monthly volatility being way above average.

Trend

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

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
Condition Forecast Direction Win Avg Worst Best Events
Down Close Near Low of Period TQ Pro Members Only
2 Consecutive Lower Closes TQ Pro Members Only
High close to previous High TQ Pro Members Only
RSI(2) below 20 TQ Pro Members Only
Close near low of period TQ Pro Members Only
More market conditions identified for TQ Pro members...
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