MAY SALE: Save over 60% on our Pro Plans!

TWE.AX unable to break through key resistance level

Technical Analysis Report for TWE.AX - May 17, 2018 [1 min read]
TWE.AX crashes, loses A$1.12 (-6.22%) within a single day
TWE.AX breaks below 100-day moving average
TWE.AX unable to break through key resistance level
TWE.AX finds support at 200-day moving average
TWE.AX breaks below previous session low
TQ Sentiment
Technical Forecast:

TWE.AX ended Thursday at 16.90 tanking A$1.12 (-6.22%) on high volume. This is the biggest single day loss since Inception. Today's closing price of 16.90 marks the lowest close since March 29th. Closing below Wednesday's low at 17.95, the stock confirms its breakout through the previous session's low having traded A$2.31 below it intraday. Ending the day with an indecisive close, neither buyers nor sellers were able to gain control during the session.

Daily chart for TWE.AX

Thursday's trading range was A$1.44 (8.47%), that's far above last trading month's daily average range of A$0.52. Weekly volatility is also higher, being way above the markets average with the monthly volatility being way above average.


Unable to break through the key technical resistance level at 17.06, Treasury Wine closed below it after spiking as high as 17.08 during the day. The failure to close above the resistance could increase that levels importance as resistance going forward. After trading as low as 15.64 during the day, the market found support at the 200-day moving average at 15.90.


Though still in a long-term uptrend, the short and medium-term trends both turned bearish already. The share broke below the 100-day moving average at 17.18 today for the first time since January 11th.


While classical technical analysis indicates a slightly bearish sentiment for the next trading day, our quantitative statistics show a different picture being slightly bullish.

Report Market Conditions
Bounced off Technical Resistance R1 TQ Pro Members Only
Bearish Break through SMA 100 TQ Pro Members Only
Bullish Bounce off SMA 200 TQ Pro Members Only
Closed below last periods low TQ Pro Members Only
Very Strong Down Move TQ Pro Members Only
More market conditions identified for TQ Pro members...
Learn more about TQ Pro
Trending Assets

Upgrade your trading!

Get the stats behind the charts

Find out what happened when Treasury Wine Estates Ltd traded like this in the past. See the odds for each technical pattern with expected gain and loss.


Stocks Top Movers

CRUDE 72.661.18 1.65%
INDU 25,013.29298.20 1.21%
FTSE 7,859.1780.37 1.03%
SPX 2,733.0120.04 0.74%
HSI 31,234.35186.44 0.60%
DXY 93.475-0.125 -0.13%
NATGAS 2.864-0.006 -0.21%
DAX 13,077.72-36.89 -0.28%
GBPUSD 1.3425-0.0043 -0.32%
BTCUSD 8,414.53-100.03 -1.17%
Start your day with the facts moving the markets
By clicking "Subscribe", you agree to our terms and privacy policy.

Related Stocks

ABBV 10 day candlestick chart for ABBV106.23 0.25
ACN 10 day candlestick chart for ACN156.94 1.63
ADBE 10 day candlestick chart for ADBE238.10 0.01
AAP 10 day candlestick chart for AAP119.15 0.83
AES 10 day candlestick chart for AES12.06 0.13
AET 10 day candlestick chart for AET177.72 0.91
AFL 10 day candlestick chart for AFL45.75 0.36
AMG 10 day candlestick chart for AMG166.82 -0.89
A 10 day candlestick chart for A65.55 1.23
ABT 10 day candlestick chart for ABT62.11 0.40