NSR.AX closes higher for the 2nd day in a row

National Storage Stapled Security FP (NSR.AX) Technical Analysis Report for Sep 14, 2018

Highlights

NSR.AX pushes through 50-day moving average
NSR.AX closes higher for the 2nd day in a row
NSR.AX rises to highest close since August 28th

TQ Sentiment

Report Sentiment: 25% Bullish
Technical Forecast:

Overview

Moving higher for the 2nd day in a row, NSR.AX finished the week 2.99% higher at 1.72 after gaining A$0.01 (0.58%) today. Today's closing price of 1.72 marks the highest close since August 28th.

Daily chart for NSR.AX

Volatility

Friday's trading range was A$0.03 (1.76%), that's slightly above last trading month's daily average range of A$0.03. Weekly volatility is also higher, being slightly above the markets average with the monthly volatility being slightly above average.

Trend

The trend is clearly bullish, showing an intact uptrend in the short, medium and long-term. The share managed to break above the 50-day moving average at 1.72 today for the first time since June 18th.

Order Flow

Buying might accelerate should prices move above the nearby swing high at 1.73 where further buy 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 slightly bearish.

Market Conditions for National Storage Stapled Security FP

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