OML.AX closes within previous day's range after lackluster session


Ooh!Media Limited (OML.AX) Technical Analysis Report for Jul 13, 2018 [< 1 min read]
Highlights
OML.AX runs into sellers again around 4.74
OML.AX closes within previous day's range after lackluster session
OML.AX ends the day indecisive
TQ Sentiment
Report Sentiment: 0% Neutral
Technical Forecast:
Overview

OML.AX finished the week -0.63% lower at 4.72 after flat today. Closing within the previous day's range, prices failed to decisively move past the prior day's trading range in a lackluster session. Ending the day with an indecisive close, neither buyers nor sellers were able to gain control during the session.

Daily chart for OML.AX
Volatility

Friday's trading range was A$0.05 (1.06%), that's far below last trading month's daily average range of A$0.11. Things look different on a weekly scale, where volatility is way below the markets average with the monthly volatility being way above average.

Support/Resistance

Prices are trading close to a key support level at 4.67. After having been unable to move above 4.74 in the previous session, Ooh!Media Limited ran into sellers again around the same price level today, failing to move higher than 4.74.

Trend

Although still in a long-term uptrend, the short and medium-term trends both turned bearish already.

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 Ooh!Media Limited
ConditionForecastDirectionWinAvgWorstBestEvents
Bullish Break through SMA 20 TQ Pro Members Only
White Candle TQ Pro Members Only
Bullish Short Candle TQ Pro Members Only
Gap Up TQ Pro Members Only
Closed above last periods high TQ Pro Members Only
More market conditions identified for TQ Pro members...
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