NST.AX pops to highest close since June 4th

Northern Star (NST.AX) Technical Analysis Report for Jun 14, 2018 [1 min read]
NST.AX rallies 1.92% closing A$0.12 higher
Traders officially love to buy NST.AX around 6.25 level
NST.AX dominated by bulls lifting the market higher throughout the day
NST.AX pushes through 100-day moving average
NST.AX unable to break through key resistance level
TQ Sentiment
Technical Forecast:

NST.AX ended Thursday at 6.37 surging A$0.12 (1.92%). This is the biggest single day gain in over two weeks. Today's closing price of 6.37 marks the highest close since June 4th. The bulls were in full control today, moving the market higher throughout the whole session. Closing above Wednesday's high at 6.33, the share confirms its breakout through the prior session's high having traded A$0.08 above it intraday.

Daily chart for NST.AX

Thursday's trading range was A$0.16 (2.56%), that's above last trading month's daily average range of A$0.13. Things look different on a weekly scale, where volatility is way below the markets average with the monthly volatility being below average. Prices continued to consolidate within a tight trading range between 6.23 and 6.41 which it has been in now for the last trading week.

Price Action

Notwithstanding a weak opening the market managed to close above the previous day's open and close, forming a bullish Engulfing Candle.


Unable to break through the key technical resistance level at 6.40, Northern Star closed below it after spiking as high as 6.41 during the day. The failure to close above the resistance might increase that levels importance as resistance going forward. The stock was bought again around 6.25 after having seen lows at 6.23, 6.25 and 6.24 in the last three trading sessions. Obviously there is something going on at that level. After spiking up to 6.41 during the day, NST.AX found resistance at the 50-day moving average at 6.40.


The trend is clearly bullish, showing an intact uptrend in the short, medium and long-term. The share managed to break above the 100-day moving average at 6.33 today for the first time since June 1st.

Order Flow

Buying could speed up should prices move above the close-by swing high at 6.49 where further buy stops might get triggered.


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 Northern Star
Close to R1 Resistance TQ Pro Members Only
Close to S1 Support TQ Pro Members Only
Low close to previous two Lows TQ Pro Members Only
Bounced off Technical Resistance R1 TQ Pro Members Only
Close to Swing Low 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 Northern Star traded like this in the past. See the odds for each technical pattern with expected gain and loss.


Stocks Top Movers

ETHUSD 536.1919.91 3.86%
NKY 22,555.43276.95 1.24%
HSI 29,696.17228.02 0.77%
BTCUSD 6,737.8430.35 0.45%
DXY 94.7300.270 0.29%
EURUSD 1.1592-0.0031 -0.27%
GOLD 1,277.0-3.6 -0.28%
NDX 7,228.04-23.37 -0.32%
FTSE 7,603.85-27.45 -0.36%
SPX 2,762.57-11.30 -0.41%
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 ABBV98.01 -0.47
ACN 10 day candlestick chart for ACN163.31 0.43
ADBE 10 day candlestick chart for ADBE251.74 -3.95
AAP 10 day candlestick chart for AAP138.30 0.06
AES 10 day candlestick chart for AES13.08 0.01
AET 10 day candlestick chart for AET189.28 2.33
AFL 10 day candlestick chart for AFL45.00 -0.17
AMG 10 day candlestick chart for AMG154.00 1.00
A 10 day candlestick chart for A63.52 -1.45
ABT 10 day candlestick chart for ABT62.34 -0.48