PGH.AX declines to lowest close since July 2nd

Pact Group Holdings Limited (PGH.AX) Technical Analysis Report for Jul 13, 2018 | by Techniquant Editorial Team


PGH.AX breaks below previous session low
PGH.AX falls to lowest close since July 2nd


PGH.AX ended the week -2.08% lower at 5.19 after losing A$0.05 (-0.95%) today. Today's closing price of 5.19 marks the lowest close since July 2nd. Closing below Thursday's low at 5.21, Pact Group confirms its breakout through the prior session's low having traded A$0.07 below it intraday.

Daily Candlestick Chart (PGH.AX as at Jul 13, 2018):

Daily technical analysis candlestick chart for Pact Group Holdings Limited (PGH.AX) as at Jul 13, 2018

Friday's trading range was A$0.12 (2.28%), that's slightly above last trading month's daily average range of A$0.12. Weekly volatility is also higher, being slightly above the markets average with the monthly volatility being below average.

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

Further selling might move prices lower should the market test June's nearby low at 5.12.

Market Conditions for PGH.AX as at Jul 13, 2018

Loading Market Conditions for PGH.AX (Pact Group Holdings Limited)...
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PGH.AX closes within prior day's range

Mar 22, 2019
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