SYR.AX closes within prior day's range

Syrah Resources (SYR.AX) Technical Analysis Report for Sep 14, 2018


SYR.AX ends the day on a bearish note closing near the low of the day
SYR.AX runs into sellers again around 2.39
SYR.AX closes within previous day's range

TQ Sentiment

Report Sentiment: 40% Bearish
Technical Forecast:


SYR.AX finished the week -1.72% lower at 2.29 after losing A$0.07 (-2.97%) today. Closing within the previous day's range, prices failed to decisively move beyond the prior day's trading range. Ending with a weak close near the low of the day sets a bearish note for the next session.

Daily chart for SYR.AX


Friday's trading range was A$0.11 (4.66%), that's slightly above last trading month's daily average range of A$0.10. Things look different on a weekly scale, where volatility is below the markets average with the monthly volatility being slightly below average.


Prices are trading close to a key support level at 2.27. After having been unable to move above 2.39 in the previous session, the share ran into sellers again around the same price level today, failing to move higher than 2.39.


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

Order Flow

Selling might accelerate should prices move below the close-by swing low at 2.27 where further sell stops could get triggered.


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 Syrah Resources

Loading Market Conditions for $SYR.AX (Syrah Resources)...
Latest Report:

SYR.AX finds buyers at key support level

Sep 24, 2018
Trending Assets

Upgrade your trading!

Get the stats behind the charts

Find out what happened when Syrah Resources 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

ABC.AX 10 day candlestick chart for ABC.AX 6.26 0.02 (0.32%)
ASL.AX 10 day candlestick chart for ASL.AX 1.78 0.06 (3.49%)
AWC.AX 10 day candlestick chart for AWC.AX 2.73 0.00 (0.00%)
BHP.AX 10 day candlestick chart for BHP.AX 33.83 0.25 (0.74%)
BKW.AX 10 day candlestick chart for BKW.AX 16.22 0.04 (0.25%)
BLD.AX 10 day candlestick chart for BLD.AX 6.97 0.11 (1.60%)
BSL.AX 10 day candlestick chart for BSL.AX 15.86 -0.50 (-3.06%)
CSR.AX 10 day candlestick chart for CSR.AX 3.86 0.00 (0.00%)
DLX.AX 10 day candlestick chart for DLX.AX 7.67 0.08 (1.05%)
EVN.AX 10 day candlestick chart for EVN.AX 2.71 -0.15 (-5.24%)
You have free reports remaining. Subscribe for unlimited access...SUBSCRIBELOGINGO!