PMV.AX closes lower for the 3rd day in a row


Premier Investments (PMV.AX) Technical Analysis Report for Jul 13, 2018 | by Techniquant Editorial Team

Highlights

PMV.AX closes lower for the 3rd day in a row
PMV.AX finds buyers again around 16.98
PMV.AX closes within previous day's range after lackluster session
PMV.AX ends the day indecisive

Overview

Moving lower for the 3rd day in a row, PMV.AX ended the week 2.94% higher at 17.13 after edging lower A$0.01 (-0.06%) today. Closing within the prior day's range, prices failed to decisively move beyond the previous 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 Candlestick Chart (PMV.AX as at Jul 13, 2018):

Daily technical analysis candlestick chart for Premier Investments (PMV.AX) as at Jul 13, 2018

Friday's trading range was A$0.17 (0.99%), that's below last trading month's daily average range of A$0.26. Things look different on a weekly scale, where volatility is slightly above the markets average with the monthly volatility being way below average.

Prices are trading close to the key resistance level at 17.17. After having been unable to move lower than 16.98 in the prior session, the stock found buyers again around the same price level today at 16.98.

The trend is clearly bullish, showing an intact uptrend in the short, medium and long-term.

Buying could accelerate should prices move above the nearby swing high at 17.34 where further buy stops might get activated. With prices trading close to this year's high at 17.36, upside momentum could speed up should the market be able to break out to new highs for the year.


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

Loading Market Conditions for PMV.AX (Premier Investments)...
Trending Assets

Upgrade your trading!

Get the stats behind the charts

Find out what happened when Premier Investments traded like this in the past. See the odds for each technical pattern with expected gain and loss.

Find out more
Top Movers
You have free reports remaining. Subscribe for unlimited access...SUBSCRIBELOGINGO!