NXT.AX closes within prior day's range
NXT.AX finished Thursday at 7.73 edging higher A$0.01 (0.13%) on high volume. Trading A$0.18 higher after the open, the stock was unable to hold its gains as the bears took control ending the day below its opening price. 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.
Thursday's trading range was A$0.25 (3.23%), that's far above last trading month's daily average range of A$0.18. Weekly volatility is also higher, being slightly above the markets average with the monthly volatility being slightly below average.
After spiking up to 7.92 during the day, the market has been sold off at those price levels and formed a bearish Pin Bar closing A$0.19 below today's high.
Unable to break through the key technical resistance level at 7.78, NEXTDC Limited closed below it after spiking as high as 7.92 during the day. The failure to close above the resistance might increase that levels importance as resistance going forward. After having been unable to move lower than 7.66 in the prior session, the share found buyers again around the same price level today at 7.67.
The trend is clearly bullish, showing an intact uptrend in the short, medium and long-term.
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 NEXTDC Limited
|Bullish Break through SMA 100||TQ Pro Members Only|
|Close to R1 Resistance||TQ Pro Members Only|
|Tweezer Top||TQ Pro Members Only|
|Bullish Break through SMA 20||TQ Pro Members Only|
|2 Consecutive Higher Closes||TQ Pro Members Only|
More market conditions identified for TQ Pro members...
Learn more about TQ Pro