NEC.AX breaks below 20-day moving average

Nine Entertainment (NEC.AX) Technical Analysis Report for Jul 13, 2018 [< 1 min read]
NEC.AX breaks below 20-day moving average
NEC.AX unable to break through key resistance level
NEC.AX closes lower for the 3rd day in a row
NEC.AX breaks below previous session low
NEC.AX falls to lowest close since July 5th
TQ Sentiment
Report Sentiment: 50% Bearish
Technical Forecast:

Moving lower for the 3rd day in a row, NEC.AX ended the week -2.75% lower at 2.48 after losing A$0.04 (-1.59%) today. Today's closing price of 2.48 marks the lowest close since July 5th. Closing below Thursday's low at 2.51, the stock confirms its breakout through the prior session's low having traded A$0.05 below it intraday.

Daily chart for NEC.AX

Friday's trading range was A$0.08 (3.17%), that's slightly above last trading month's daily average range of A$0.07. Things look different on a weekly scale, where volatility is slightly below the markets average with the monthly volatility being below average.


Prices are trading close to a key support level at 2.44. Unable to break through the key technical resistance level at 2.54, the share closed below it after spiking as high as 2.54 during the day. The failure to close above the resistance might increase that levels importance as resistance going forward.


The market shows strength in the short-term supported by its long-term uptrend with only the medium-term trend being bearish. Nine Entertainment broke below the 20-day moving average at 2.50 today for the first time since July 2nd.


Both sentiments, the classical technical analysis and our quantitative statistics are in perfect alignment today showing a neutral sentiment for the next trading day.

Market Conditions for Nine Entertainment
Bullish Break through SMA 20 TQ Pro Members Only
Close to Swing Low TQ Pro Members Only
High close to previous three Highs TQ Pro Members Only
2 Consecutive Higher Closes TQ Pro Members Only
Bullish Intraday Reversal 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 Nine Entertainment traded like this in the past. See the odds for each technical pattern with expected gain and loss.


Stocks Top Movers

NATGAS 2.7350.037 1.37%
BTCUSD 7,472.6486.80 1.18%
TBOND 145.4060.594 0.41%
ASX 6,262.7017.60 0.28%
DXY 94.9450.135 0.14%
NKY 22,764.68-29.51 -0.13%
USDJPY 112.47-0.37 -0.33%
HSI 28,010.86-106.56 -0.38%
GOLD 1,222.5-4.8 -0.39%
SPX 2,804.49-11.13 -0.40%
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 ABBV89.95 -4.45
ACN 10 day candlestick chart for ACN166.89 0.51
ADBE 10 day candlestick chart for ADBE257.68 -2.10
AAP 10 day candlestick chart for AAP143.37 3.40
AES 10 day candlestick chart for AES13.03 0.30
AET 10 day candlestick chart for AET190.04 -1.29
AFL 10 day candlestick chart for AFL42.89 -0.37
AMG 10 day candlestick chart for AMG149.31 -1.94
A 10 day candlestick chart for A64.15 1.16
ABT 10 day candlestick chart for ABT63.78 -0.97