SPK.AX closes below its opening price unable to hold early session gains
SPK.AX finished Thursday at 3.53 flat. Trading A$0.04 higher after the open, the share was unable to hold its gains as the bears took control ending the day below its opening price. Closing within the prior day's range, prices failed to decisively move beyond the previous day's trading range. Ending the day with an indecisive close, neither buyers nor sellers were able to gain control during the session.
Thursday's trading range was A$0.06 (1.69%), that's slightly above last trading month's daily average range of A$0.06. Weekly volatility is also higher, being way above the markets average with the monthly volatility being way above average.
The trend is clearly bullish, showing an intact uptrend in the short, medium and long-term.
While classical technical analysis indicates a neutral sentiment for the next trading day, our quantitative statistics show a different picture being bullish.
Market Conditions for Spark New Zealand Foreign Exempt NZX
|Hanging Man||TQ Pro Members Only|
|Closed above last periods high||TQ Pro Members Only|
|2 Consecutive Higher Closes||TQ Pro Members Only|
|Up Close near high of period||TQ Pro Members Only|
|Bullish Intraday Reversal||TQ Pro Members Only|
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