SYR.AX falls to lowest close since August 29, 2017

Syrah Resources (SYR.AX) Technical Analysis Report for Jun 14, 2018 | by Techniquant Editorial Team


SYR.AX closes lower for the 7th day in a row
SYR.AX breaks below previous session low
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.

Daily Candlestick Chart (SYR.AX as at Jun 14, 2018):

Daily technical analysis candlestick chart for Syrah Resources (SYR.AX) as at Jun 14, 2018

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.

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