SYR.AX falls to lowest close since August 29, 2017
Moving lower for the 7th day in a row, SYR.AX finished Thursday at 2.73 losing A$0.07 (-2.5%). Today's closing price of 2.73 marks the lowest close since August 29, 2017. Closing below Wednesday's low at 2.75, the stock confirms its breakout through the previous session's low having traded A$0.05 below it intraday.
Thursday's trading range was A$0.10 (3.6%), that's below last trading month's daily average range of A$0.13. Things look different on a weekly scale, where volatility is above the markets average with the monthly volatility being way above average.
The trend is clearly bearish, showing an intact downtrend 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 bearish.
Market Conditions for Syrah Resources
|Close to Swing High||TQ Pro Members Only|
|2 Consecutive Higher Closes||TQ Pro Members Only|
|Bearish Spinning Top||TQ Pro Members Only|
|Close to Swing Low||TQ Pro Members Only|
|Bearish Intraday Reversal||TQ Pro Members Only|
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