VNA.DE closes within prior day's range after lackluster session

Vonovia SE (VNA.DE) Technical Analysis Report for Apr 16, 2018

Highlights

VNA.DE closes within previous day's range after lackluster session

TQ Sentiment

Report Sentiment: 25% Bearish
Technical Forecast:

Overview

VNA.DE finished Monday at 40.24 losing €0.38 (-0.94%). Closing within the previous day's range, prices failed to decisively move past the prior day's trading range in a lackluster session.

Daily chart for VNA.DE

Volatility

Monday's trading range was €0.51 (1.26%), that's below last trading month's daily average range of €0.59. Things look different on a weekly scale, where volatility is slightly below the markets average with the monthly volatility being way 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. After moving higher in the prior session, the stock closed lower but above the previous day's open today, forming a bearish Harami Candle.

Trend

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

Order Flow

Buying could speed up should prices move above the nearby swing high at 40.69 where further buy stops might get activated.

Conclusion

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

Market Conditions for Vonovia SE

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Latest Report:

VNA.DE breaks key support level

Sep 21, 2018
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