NXT.AX closes within prior day's range


NEXTDC Limited (NXT.AX) Technical Analysis Report for Jun 14, 2018 | by Techniquant Editorial Team

Highlights

NXT.AX pulls back from highs giving back most intraday gains
NXT.AX closes below its opening price unable to hold early session gains
NXT.AX unable to break through key resistance level
NXT.AX finds buyers again around 7.67
NXT.AX closes within previous day's range

Overview

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.

Daily Candlestick Chart (NXT.AX as at Jun 14, 2018):

Daily technical analysis candlestick chart for NEXTDC Limited (NXT.AX) as at Jun 14, 2018

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.


Market Conditions for NXT.AX as at Jun 14, 2018

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