RFG.AX closes 3.64% higher at 0.57
RFG.AX finished Thursday at 0.57 gaining A$0.02 (3.64%).
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.
Regardless of a weak opening the stock managed to close above the previous day's open and close, forming a bullish Engulfing Candle.
The trend is clearly bearish, showing an intact downtrend in the short, medium and long-term.
Selling could speed up should prices move below the close-by swing low at 0.52 where further sell stops might get triggered.
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
|Close to S1 Support||TQ Pro Members Only|
|Close to Swing Low||TQ Pro Members Only|
|RSI(14) below 30||TQ Pro Members Only|
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