VCX.AX ends the day on a bearish note closing near the low of the day

Vicinity Limited (VCX.AX) Technical Analysis Report for Sep 14, 2018

Highlights

VCX.AX ends the day on a bearish note closing near the low of the day
VCX.AX closes within previous day's range after lackluster session

TQ Sentiment

Report Sentiment: 20% Bearish
Technical Forecast:

Overview

VCX.AX ended the week -0.37% lower at 2.72 after losing A$0.01 (-0.37%) today on low volume. Closing within the previous day's range, prices failed to decisively move past the prior day's trading range in a lackluster session. Ending with a weak close near the low of the day sets a bearish note for the next session.

Daily chart for VCX.AX

Volatility

Friday's trading range was A$0.02 (0.74%), that's far below last trading month's daily average range of A$0.04. Things look different on a weekly scale, where volatility is below the markets average with the monthly volatility being slightly below average.

Price Action

During the whole day, prices traded within the previous day's range, unable to trade above the prior day's high or below the previous day's low forming an Inside Bar.

Trend

Although the market is currently in a short-term down trend, this could just be a correction, as the medium and long term trends are both positive.

Order Flow

Buying might speed up should prices move above the nearby swing high at 2.76 where further buy stops could get triggered. Selling might accelerate should prices move below the close-by swing low at 2.68 where further sell stops could get activated.

Conclusion

Both sentiments, the classical technical analysis and our quantitative statistics are in perfect alignment today showing a neutral sentiment for the next trading day.

Market Conditions for Vicinity Limited

Loading Market Conditions for $VCX.AX (Vicinity Limited)...
Trending Assets

Upgrade your trading!

Get the stats behind the charts

Find out what happened when Vicinity Limited 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

ABP.AX 10 day candlestick chart for ABP.AX 3.40 0.05 (1.49%)
AOG.AX 10 day candlestick chart for AOG.AX 2.06 0.02 (0.98%)
BWP.AX 10 day candlestick chart for BWP.AX 3.34 0.00 (0.00%)
CHC.AX 10 day candlestick chart for CHC.AX 7.07 0.00 (0.00%)
CLW.AX 10 day candlestick chart for CLW.AX 4.35 0.02 (0.46%)
CMW.AX 10 day candlestick chart for CMW.AX 1.11 0.01 (0.91%)
CQR.AX 10 day candlestick chart for CQR.AX 4.27 -0.02 (-0.47%)
DXS.AX 10 day candlestick chart for DXS.AX 10.49 -0.17 (-1.59%)
GMG.AX 10 day candlestick chart for GMG.AX 10.26 -0.06 (-0.58%)
GOZ.AX 10 day candlestick chart for GOZ.AX 3.91 0.01 (0.26%)
You have free reports remaining. Subscribe for unlimited access...SUBSCRIBELOGINGO!