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

VCX.AX breaks below previous session low


Technical Analysis Report for VCX.AX - Apr 17, 2018 [< 1 min read]
Highlights
VCX.AX closes below its opening price unable to hold early session gains
VCX.AX closes lower for the 4th day in a row
VCX.AX breaks below previous session low
VCX.AX falls to lowest close since December 15, 2015
VCX.AX ends the day indecisive
TQ Sentiment
Technical Forecast:
Overview

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.

Daily chart for VCX.AX
Volatility

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.

Price Action

Despite a strong opening Vicinity Limited closed below the previous day's open and close, forming a bearish Engulfing Candle.

Trend

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

Conclusion

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

Report Market Conditions
ConditionForecastDirectionWinAvgWorstBest
Closed below last periods low TQ Pro Members Only
4 Consecutive Lower Closes TQ Pro Members Only
Bearish Engulfing Candle TQ Pro Members Only
Bearish Intraday Reversal TQ Pro Members Only
More market conditions identified for TQ Pro members...
Learn more about TQ Pro
Latest Report:

VCX.AX ends the day indecisive

Apr 27, 2018
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.

Signup

Stocks Top Movers

USDJPY 109.430.61 0.56%
NKY 22,319.61104.29 0.47%
DXY 90.9550.415 0.46%
CRUDE 68.010.29 0.43%
INDU 24,083.8359.70 0.25%
GBPUSD 1.3932-0.0045 -0.32%
TBOND 141.750-0.594 -0.42%
GOLD 1,324.4-7.8 -0.59%
EURUSD 1.2161-0.0072 -0.59%
FTSE 7,379.32-46.08 -0.62%
Start your day with the facts moving the markets
By clicking "Subscribe", you agree to our terms and privacy policy.