WEB.AX pushes through previous session high


Webjet Limited (WEB.AX) Technical Analysis Report for Jun 14, 2018 [< 1 min read]
Highlights
WEB.AX rallies 3.22% on high volume
WEB.AX pushes through previous session high
WEB.AX rises to highest close since Inception
TQ Sentiment
Report Sentiment: 66% Bullish
Technical Forecast:
Overview

WEB.AX ended Thursday at 13.46 surging A$0.42 (3.22%) on high volume. This is the biggest single day gain in over a month. Today's closing price of 13.46 marks the highest close since Inception. Closing above Wednesday's high at 13.30, the market confirms its breakout through the previous session's high having traded A$0.42 above it intraday.

Daily chart for WEB.AX
Volatility

Thursday's trading range was A$0.62 (4.73%), that's far above last trading month's daily average range of A$0.27. Weekly volatility is also higher, being way above the markets average with the monthly volatility being above average.

Trend

The trend is clearly bullish, showing an intact uptrend in the short, medium and long-term.

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 Webjet Limited
Condition Forecast Direction Win Avg Worst Best Events
Decisive Up Move TQ Pro Members Only
White Candle TQ Pro Members Only
Close to S1 Support TQ Pro Members Only
Price broke through Technical Resistance R1 TQ Pro Members Only
2 Consecutive Higher Closes TQ Pro Members Only
More market conditions identified for TQ Pro members...
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