RFG.AX pushes through 20-day moving average


Retail Food Group (RFG.AX) Technical Analysis Report for Aug 10, 2018 [< 1 min read]
Highlights
Traders officially love to sell RFG.AX against 0.42 level
RFG.AX dominated by bulls lifting the market higher throughout the day
RFG.AX pushes through 20-day moving average
RFG.AX ends the day on a bullish note closing near the high of the day
TQ Sentiment
Report Sentiment: 80% Bullish
Technical Forecast:
Overview

RFG.AX finished the week unchanged at 0.42 after gaining A$0.01 (2.44%) today. The bulls were in full control today, moving the market higher throughout the whole session. Ending with a strong close near the high of the day sets a bullish note for the next session.

Daily chart for RFG.AX
Volatility

Friday's trading range was A$0.02 (5.0%), that's slightly above last trading month's daily average range of A$0.02. Things look different on a weekly scale, where volatility is slightly below the markets average with the monthly volatility being slightly below average.

Price Action

Despite a weak opening Retail Food managed to close above the previous day's open and close, forming a bullish Engulfing Candle.

Support/Resistance

The market was sold again around 0.42 after having seen highs at 0.42, 0.42 and 0.42 in the last three trading sessions. Obviously there is something going on at that level.

Trend

The trend is clearly bearish, showing an intact downtrend in the short, medium and long-term. The share managed to break above the 20-day moving average at 0.42 today for the first time since May 29th.

Conclusion

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

Market Conditions for Retail Food Group
Condition Forecast Direction Win Avg Worst Best Events
Strong Up Move TQ Pro Members Only
White Candle TQ Pro Members Only
Very Strong Up Move TQ Pro Members Only
Closed above last periods high TQ Pro Members Only
Up Close near high of period TQ Pro Members Only
More market conditions identified for TQ Pro members...
Learn more about TQ Pro
Trending Assets

Upgrade your trading!

Get the stats behind the charts

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

Signup
Stocks Top Movers
ETHUSD 313.2627.54 9.64%
BTCUSD 6,552.78258.70 4.11%
NATGAS 2.9440.033 1.13%
GOLD 1,191.810.8 0.91%
CRUDE 65.200.47 0.73%
CAC 5,344.93-4.09 -0.08%
DAX 12,210.55-26.62 -0.22%
USDJPY 110.50-0.40 -0.36%
DXY 95.980-0.555 -0.57%
Start your day with the facts moving the markets
By clicking "Subscribe", you agree to our terms and privacy policy.

Related Stocks

ABBV 10 day candlestick chart for ABBV98.81 0.59
0.60%
ACN 10 day candlestick chart for ACN164.89 2.00
1.23%
ADBE 10 day candlestick chart for ADBE245.70 -3.19
-1.28%
AAP 10 day candlestick chart for AAP159.72 0.23
0.14%
AES 10 day candlestick chart for AES13.94 0.07
0.50%
AET 10 day candlestick chart for AET198.86 0.39
0.20%
AFL 10 day candlestick chart for AFL46.76 0.26
0.56%
AMG 10 day candlestick chart for AMG146.59 0.30
0.21%
A 10 day candlestick chart for A64.66 -0.84
-1.28%
ABT 10 day candlestick chart for ABT64.72 0.56
0.87%