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

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

TQ Sentiment

Report Sentiment: 0% Neutral
Technical Forecast:

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 chart for SCP.AX

Volatility

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.

Support/Resistance

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.

Trend

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

Order Flow

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

Conclusion

Both sentiments, the classical technical analysis and our quantitative statistics are in perfect alignment today showing a neutral sentiment for the next trading day.

Market Conditions for Sca Property Group Units FP Stapled Securities

Loading Market Conditions for $SCP.AX (Sca Property Group Units FP Stapled Securities)...
Trending Assets

Upgrade your trading!

Get the stats behind the charts

Find out what happened when Sca Property Group Units FP Stapled Securities 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

ABP.AX 10 day candlestick chart for ABP.AX 3.44 -0.04 (-1.15%)
AOG.AX 10 day candlestick chart for AOG.AX 2.05 -0.04 (-1.91%)
BWP.AX 10 day candlestick chart for BWP.AX 3.39 -0.07 (-2.02%)
CHC.AX 10 day candlestick chart for CHC.AX 7.17 -0.10 (-1.38%)
CLW.AX 10 day candlestick chart for CLW.AX 4.33 -0.07 (-1.59%)
CMW.AX 10 day candlestick chart for CMW.AX 1.13 -0.01 (-0.88%)
CQR.AX 10 day candlestick chart for CQR.AX 4.39 -0.01 (-0.23%)
DXS.AX 10 day candlestick chart for DXS.AX 10.86 -0.04 (-0.37%)
GMG.AX 10 day candlestick chart for GMG.AX 10.55 -0.21 (-1.95%)
GOZ.AX 10 day candlestick chart for GOZ.AX 3.88 -0.01 (-0.26%)
You have free reports remaining. Subscribe for unlimited access...SUBSCRIBELOGINGO!