PRY.AX unable to break through key resistance level

Primary Health Care (PRY.AX) Technical Analysis Report for Sep 14, 2018


Traders officially love to buy PRY.AX around 2.84 level
PRY.AX closes below its opening price unable to hold early session gains
PRY.AX unable to break through key resistance level
PRY.AX ends the day on a bearish note closing near the low of the day
PRY.AX falls to lowest close since September 7th

TQ Sentiment

Report Sentiment: 50% Bearish
Technical Forecast:


PRY.AX finished the week 1.07% higher at 2.84 after losing A$0.06 (-2.07%) today. Today's closing price of 2.84 marks the lowest close since September 7th. Trading A$0.08 higher after the open, the share was unable to hold its gains as the bears took control ending the day below its opening price. Ending with a weak close near the low of the day sets a bearish note for the next session.

Daily chart for PRY.AX


Friday's trading range was A$0.11 (3.83%), that's slightly above last trading month's daily average range of A$0.09. Things look different on a weekly scale, where volatility is way below the markets average with the monthly volatility being below average.


Unable to break through the key technical resistance level at 2.87, Primary Health closed below it after spiking as high as 2.95 during the day. The failure to close above the resistance might increase that levels importance as resistance going forward. The stock was bought again around 2.84 after having seen lows at 2.84, 2.83 and 2.84 in the last three trading sessions. Obviously there is something going on at that level.


Although the market is experiencing a short-term up trend, this could just be a correction, as both the medium and long term trends are still in negative territory.

Order Flow

Selling might accelerate should prices move below the nearby swing low at 2.83 where further sell stops could get activated. As prices are trading close to September's low at 2.76, downside momentum might speed up should PRY.AX mark new lows for the month.


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 Primary Health Care

Loading Market Conditions for $PRY.AX (Primary Health Care)...
Latest Report:

PRY.AX finds buyers again around 2.86

Sep 21, 2018
Trending Assets

Upgrade your trading!

Get the stats behind the charts

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

Find out more
Top Market Movers

Related Stocks

ANN.AX 10 day candlestick chart for ANN.AX 25.48 0.13 (0.51%)
API.AX 10 day candlestick chart for API.AX 1.89 -0.05 (-2.58%)
COH.AX 10 day candlestick chart for COH.AX 201.64 0.10 (0.05%)
CSL.AX 10 day candlestick chart for CSL.AX 207.12 0.24 (0.12%)
EHE.AX 10 day candlestick chart for EHE.AX 2.41 0.03 (1.26%)
FPH.AX 10 day candlestick chart for FPH.AX 13.86 -0.09 (-0.65%)
GTY.AX 10 day candlestick chart for GTY.AX 2.25 0.00 (0.00%)
GXL.AX 10 day candlestick chart for GXL.AX 3.79 0.19 (5.28%)
HSO.AX 10 day candlestick chart for HSO.AX 2.07 -0.04 (-1.90%)
MYX.AX 10 day candlestick chart for MYX.AX 1.25 -0.02 (-1.57%)
You have free reports remaining. Subscribe for unlimited access...SUBSCRIBELOGINGO!