VNA.DE finds buyers again around 38.94


Vonovia SE (VNA.DE) Technical Analysis Report for May 17, 2018 [< 1 min read]
Highlights
VNA.DE finds buyers again around 38.94
VNA.DE closes within previous day's range after lackluster session
TQ Sentiment
Report Sentiment: 33% Bullish
Technical Forecast:
Overview

VNA.DE ended Thursday at 39.15 gaining €0.15 (0.38%). Closing within the previous day's range, prices failed to decisively move beyond the prior day's trading range in a lackluster session.

Daily chart for VNA.DE
Volatility

Thursday's trading range was €0.27 (0.69%), that's far below last trading month's daily average range of €0.60. Things look different on a weekly scale, where volatility is way below the markets average with the monthly volatility being above 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.

Support/Resistance

Prices are trading close to a key support level at 38.80. After having been unable to move lower than 38.89 in the prior session, the market found buyers again around the same price level today at 38.94.

Trend

Vonovia shows weakness in the short-term (in accordance with its long-term downtrend) with only the medium-term trend being bullish.

Order Flow

Buying might speed up should prices move above the close-by swing high at 39.76 where further buy stops could get activated. Selling might accelerate should prices move below the nearby swing low at 38.89 where further sell stops could get triggered.

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
Condition Forecast Direction Win Avg Worst Best Events
Close to R1 Resistance TQ Pro Members Only
Low close to previous low TQ Pro Members Only
Black Candle TQ Pro Members Only
Bearish Hikkake Pattern TQ Pro Members Only
Close to Swing Low TQ Pro Members Only
More market conditions identified for TQ Pro members...
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Latest Report:

VNA.DE closes within prior day's range

Aug 14, 2018
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