VCX.AX breaks below previous session low

Vicinity Limited (VCX.AX) Technical Analysis Report for Apr 17, 2018 | by Techniquant Editorial Team


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


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 Candlestick Chart (VCX.AX as at Apr 17, 2018):

Daily technical analysis candlestick chart for Vicinity Limited (VCX.AX) as at Apr 17, 2018

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.

Market Conditions for VCX.AX as at Apr 17, 2018

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