SPK.AX finds buyers again around 3.62

Spark New Zealand Foreign Exempt NZX (SPK.AX) Technical Analysis Report for Sep 14, 2018

Highlights

SPK.AX finds buyers again around 3.62
SPK.AX closes within previous day's range after lackluster session
SPK.AX ends the day indecisive

TQ Sentiment

Report Sentiment: 40% Bullish
Technical Forecast:

Overview

SPK.AX finished the week 1.11% higher at 3.65 after losing A$0.02 (-0.54%) today. Closing within the prior day's range, prices failed to decisively move beyond the previous day's trading range in a lackluster session. Ending the day with an indecisive close, neither buyers nor sellers were able to gain control during the session.

Daily chart for SPK.AX

Volatility

Friday's trading range was A$0.04 (1.09%), that's far below last trading month's daily average range of A$0.06. Things look different on a weekly scale, where volatility is slightly above the markets average with the monthly volatility being slightly below average.

Support/Resistance

Prices are trading close to a key support level at 3.61. Prices are trading close to the key resistance level at 3.67. After having been unable to move lower than 3.62 in the prior session, the share found buyers again around the same price level today at 3.62.

Trend

The trend is clearly bullish, showing an intact uptrend in the short, medium and long-term.

Order Flow

2,017's high at 3.77 is within reach and we could see further upside momentum should the market manage to break out past.

Conclusion

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

Market Conditions for Spark New Zealand Foreign Exempt NZX

Loading Market Conditions for $SPK.AX (Spark New Zealand Foreign Exempt NZX)...
Trending Assets

Upgrade your trading!

Get the stats behind the charts

Find out what happened when Spark New Zealand Foreign Exempt NZX 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

CNU.AX 10 day candlestick chart for CNU.AX 4.55 0.01 (0.22%)
SDA.AX 10 day candlestick chart for SDA.AX 3.99 0.07 (1.79%)
TLS.AX 10 day candlestick chart for TLS.AX 3.16 -0.05 (-1.56%)
TPM.AX 10 day candlestick chart for TPM.AX 8.25 -0.47 (-5.39%)
You have free reports remaining. Subscribe for unlimited access...SUBSCRIBELOGINGO!