VCX.AX breaks below previous session low
Moving lower for the 4th day in a row, VCX.AX ended Tuesday at 2.37 losing A$0.01 (-0.42%). Today's closing price of 2.37 marks the lowest close since December 15, 2015. Trading A$0.01 higher after the open, the share was unable to hold its gains as the bears took control ending the day below its opening price. Closing below Saturday's low at 2.38, the stock confirms its breakout through the prior session's low having traded A$0.02 below it intraday. Ending the day with an indecisive close, neither buyers nor sellers were able to gain control during the session.
Tuesday's trading range was A$0.03 (1.26%), that's below last trading month's daily average range of A$0.04. Things look different on a weekly scale, where volatility is slightly below the markets average with the monthly volatility being slightly above average.
Despite a strong opening Vicinity Limited closed below the previous day's open and close, forming a bearish Engulfing Candle.
The trend is clearly bearish, showing an intact downtrend in the short, medium and long-term.
While classical technical analysis indicates a neutral sentiment for the next trading day, our quantitative statistics show a different picture being slightly bearish.
Market Conditions for Vicinity Limited
|Northern Doji||TQ Pro Members Only|
|Tweezer Top||TQ Pro Members Only|
|Close to Swing Low||TQ Pro Members Only|
|High close to previous High||TQ Pro Members Only|
|Bullish Bounce off SMA 50||TQ Pro Members Only|
More market conditions identified for TQ Pro members...
Learn more about TQ Pro
Stocks Top Movers