TAH.AX closes within previous day's range
Moving lower for the 2nd day in a row, TAH.AX ended Thursday at 4.59 losing A$0.02 (-0.43%). Closing within the previous day's range, prices failed to decisively move beyond the prior day's trading range. Ending the day with an indecisive close, neither buyers nor sellers were able to gain control during the session.
Thursday's trading range was A$0.10 (2.18%), that's above last trading month's daily average range of A$0.08. Weekly volatility is also higher, being above the markets average with the monthly volatility being slightly above average.
Prices are trading close to a key support level at 4.52. Prices are trading close to the key resistance level at 4.66. After trading as low as 4.54 during the day, the market found support at the 100-day moving average at 4.57.
Though still in a long-term downtrend, the short and medium-term trends both turned bullish already.
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 Tabcorp Holdings Limited
|Close to R1 Resistance||TQ Pro Members Only|
|Bearish Bounce off SMA 200||TQ Pro Members Only|
|Doji||TQ Pro Members Only|
|Bearish Hikkake Pattern||TQ Pro Members Only|
|Close near low of period||TQ Pro Members Only|
More market conditions identified for TQ Pro members...
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