VOW3.DE breaks below prior session low

Volkswagen AG (VOW3.DE) Technical Analysis Report for Apr 16, 2018 | by Techniquant Editorial Team


VOW3.DE tanks -2.9% closing €5.14 lower
VOW3.DE dominated by bears dragging the market lower throughout the day
VOW3.DE ends the day on a bearish note closing near the low of the day
VOW3.DE breaks below previous session low


VOW3.DE ended Monday at 172.14 tanking €5.14 (-2.9%). This is the biggest single day loss in over two months. The bears were in full control today, moving the market lower throughout the whole session. Closing below Friday's low at 174.38, the stock confirms its breakout through the prior session's low having traded €2.76 below it intraday. Ending with a weak close near the low of the day sets a bearish note for the next session.

Daily Candlestick Chart (VOW3.DE as at Apr 16, 2018):

Daily technical analysis candlestick chart for Volkswagen AG (VOW3.DE) as at Apr 16, 2018

Monday's trading range was €6.98 (3.92%), that's far above last trading month's daily average range of €4.30. Weekly volatility is also higher, being above the markets average with the monthly volatility being way above average.

Prices are trading close to a key support level at 168.96.

VW shows strength in the short-term supported by its long-term uptrend with only the medium-term trend being bearish.

Market Conditions for VOW3.DE as at Apr 16, 2018

Loading Market Conditions for VOW3.DE (Volkswagen AG)...
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