VOW3.DE closes higher for the 3rd day in a row


Volkswagen AG (VOW3.DE) Technical Analysis Report for Jun 14, 2018 [1 min read]
Highlights
VOW3.DE pushes through key resistance level
VOW3.DE dominated by bulls lifting the market higher throughout the day
VOW3.DE pushes through 200-day moving average
VOW3.DE closes higher for the 3rd day in a row
VOW3.DE ends the day on a bullish note closing near the high of the day
TQ Sentiment
Report Sentiment: 70% Bullish
Technical Forecast:
Overview

Moving higher for the 3rd day in a row, VOW3.DE finished Thursday at 163.34 gaining €3.56 (2.23%). Today's closing price of 163.34 marks the highest close since May 30th. The bulls were in full control today, moving the market higher throughout the whole session. Closing above Wednesday's high at 161.10, the share confirms its breakout through the prior session's high having traded €3.20 above it intraday. Ending with a strong close near the high of the day sets a bullish note for the next session.

Daily chart for VOW3.DE
Volatility

Thursday's trading range was €6.22 (3.92%), that's far above last trading month's daily average range of €3.42. 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

In a volatile session, prices traded above the previous day's high as well as below the prior day's low, forming a bullish Outside Bar. In spite of a weak opening the stock managed to close above the previous day's open and close, forming a bullish Engulfing Candle.

Support/Resistance

Breaking through the key resistance level at 161.44 today, it is now likely to act as support going forward. Prices are trading close to the key resistance level at 164.78.

Trend

While still in a long-term downtrend, the short and medium-term trends both turned bullish already. VW managed to break above the 200-day moving average at 161.29 today for the first time since October 4, 2017.

Order Flow

Trading close to April's low at 157.72 we might see further downside momentum if potential sell stops at the level get activated.

Conclusion

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

Market Conditions for Volkswagen AG
Condition Forecast Direction Win Avg Worst Best Events
Closed below last periods low TQ Pro Members Only
Close to S1 Support TQ Pro Members Only
Bounced off Technical Support S1 TQ Pro Members Only
RSI(2) below 20 TQ Pro Members Only
Takuri Line TQ Pro Members Only
More market conditions identified for TQ Pro members...
Learn more about TQ Pro
Latest Report:

VOW3.DE breaks below prior session low

Aug 17, 2018
Trending Assets

Upgrade your trading!

Get the stats behind the charts

Find out what happened when Volkswagen AG traded like this in the past. See the odds for each technical pattern with expected gain and loss.

Signup
Stocks Top Movers
ETHUSD 299.414.99 1.69%
BTCUSD 6,500.1790.59 1.41%
HSI 27,598.02384.61 1.41%
NATGAS 2.9440.033 1.13%
GOLD 1,191.810.8 0.91%
CAC 5,344.93-4.09 -0.08%
DAX 12,210.55-26.62 -0.22%
NKY 22,199.00-71.38 -0.32%
USDJPY 110.50-0.40 -0.36%
DXY 95.980-0.555 -0.57%
Start your day with the facts moving the markets
By clicking "Subscribe", you agree to our terms and privacy policy.

Related Stocks

ABBV 10 day candlestick chart for ABBV98.81 0.59
0.60%
ACN 10 day candlestick chart for ACN164.89 2.00
1.23%
ADBE 10 day candlestick chart for ADBE245.70 -3.19
-1.28%
AAP 10 day candlestick chart for AAP159.72 0.23
0.14%
AES 10 day candlestick chart for AES13.94 0.07
0.50%
AET 10 day candlestick chart for AET198.86 0.39
0.20%
AFL 10 day candlestick chart for AFL46.76 0.26
0.56%
AMG 10 day candlestick chart for AMG146.59 0.30
0.21%
A 10 day candlestick chart for A64.66 -0.84
-1.28%
ABT 10 day candlestick chart for ABT64.72 0.56
0.87%