RFG.AX closes 3.64% higher at 0.57


Retail Food Group (RFG.AX) Technical Analysis Report for Jun 14, 2018 [< 1 min read]
TQ Sentiment
Report Sentiment: 50% Bullish
Technical Forecast:
Overview

RFG.AX finished Thursday at 0.57 gaining A$0.02 (3.64%).

Daily chart for RFG.AX
Volatility

Thursday's trading range was A$0.05 (9.09%), that's slightly above last trading month's daily average range of A$0.05. Weekly volatility is also higher, being slightly above the markets average with the monthly volatility being slightly above average.

Price Action

Regardless of a weak opening the stock managed to close above the previous day's open and close, forming a bullish Engulfing Candle.

Trend

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

Order Flow

Selling could speed up should prices move below the close-by swing low at 0.52 where further sell stops might get triggered.

Conclusion

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

Market Conditions for Retail Food Group
Condition Forecast Direction Win Avg Worst Best Events
Low close to previous three Lows TQ Pro Members Only
Strong Up Move TQ Pro Members Only
White Candle TQ Pro Members Only
Low close to previous two Lows TQ Pro Members Only
Low close to previous low TQ Pro Members Only
More market conditions identified for TQ Pro members...
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