PGH.AX declines to lowest close since July 2nd


Pact Group Holdings Limited (PGH.AX) Technical Analysis Report for Jul 13, 2018 [< 1 min read]
Highlights
PGH.AX breaks below previous session low
PGH.AX falls to lowest close since July 2nd
TQ Sentiment
Report Sentiment: 50% Bearish
Technical Forecast:
Overview

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 chart for PGH.AX
Volatility

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.

Trend

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

Order Flow

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

Conclusion

While classical technical analysis indicates a neutral sentiment for the next trading day, our quantitative statistics show a different picture being slightly bullish.

Market Conditions for Pact Group Holdings Limited
ConditionForecastDirectionWinAvgWorstBestEvents
Close near low of period TQ Pro Members Only
Black Candle TQ Pro Members Only
Very Strong Down Move TQ Pro Members Only
Closed below last periods low TQ Pro Members Only
Close below the lower Bollinger Band TQ Pro Members Only
More market conditions identified for TQ Pro members...
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