SCP.AX closes lower for the 2nd day in a row


Sca Property Group Units FP Stapled Securities (SCP.AX) Technical Analysis Report for Sep 14, 2018 | by Techniquant Editorial Team

Highlights

SCP.AX closes lower for the 2nd day in a row
SCP.AX ends the day on a bearish note closing near the low of the day
SCP.AX finds buyers again around 2.46

Overview

Moving lower for the 2nd day in a row, SCP.AX finished the week unchanged at 2.46 after losing A$0.01 (-0.4%) today. Ending with a weak close near the low of the day sets a bearish note for the next session.

Daily Candlestick Chart (SCP.AX as at Sep 14, 2018):

Daily technical analysis candlestick chart for Sca Property Group Units FP Stapled Securities (SCP.AX) as at Sep 14, 2018

Friday's trading range was A$0.02 (0.81%), that's below last trading month's daily average range of A$0.03. Things look different on a weekly scale, where volatility is slightly below the markets average with the monthly volatility being slightly above average.

After having been unable to move lower than 2.46 in the previous session, the market found buyers again around the same price level today at 2.46.

Sca Property shows strength in the short-term supported by its long-term uptrend with only the medium-term trend being bearish.

Buying could accelerate should prices move above the nearby swing high at 2.49 where further buy stops might get triggered.


Market Conditions for SCP.AX as at Sep 14, 2018

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