SWM.AX ends the day indecisive


Seven West Media Limited (SWM.AX) Technical Analysis Report for Dec 07, 2018 | by Techniquant Editorial Team

Highlights

SWM.AX ends the day indecisive

Overview

SWM.AX finished the week -2.94% lower at 0.66 after flat today on low volume, slightly underperforming the ASX 200 (0.42%). Ending the day with an indecisive close, neither buyers nor sellers were able to gain control during the session.

Daily Candlestick Chart (SWM.AX as at Dec 07, 2018):

Daily technical analysis candlestick chart for Seven West Media Limited (SWM.AX) as at Dec 07, 2018

Friday's trading range has been $0.03 (4.48%), that's slightly above the last trading month's daily average range of $0.03. Things look different on the weekly timeframe, where the market's trading range of the last week has been slightly below the market's average weekly trading range. The longer-term, monthly volatility is currently slightly lower than usual for SWM.AX.

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

Buying might accelerate should prices move above the close-by swing high at 0.69 where further buy stops could get triggered.


Market Conditions for SWM.AX as at Dec 07, 2018

Loading Market Conditions for SWM.AX (Seven West Media Limited)...
Trending Assets

Upgrade your trading!

Get the stats behind the charts

Find out what happened when Seven West Media Limited traded like this in the past. See the odds for each technical pattern with expected gain and loss.

Find out more
Top Movers
You have free reports remaining. Subscribe for unlimited access...SUBSCRIBELOGINGO!