XRO.AX ends the day indecisive


Xero Limited (XRO.AX) Technical Analysis Report for Jun 14, 2018 [< 1 min read]
Highlights
XRO.AX rises to highest close since Inception
XRO.AX closes within previous day's range
XRO.AX ends the day indecisive
TQ Sentiment
Report Sentiment: 25% Bullish
Technical Forecast:
Overview

XRO.AX finished Thursday at 45.00 gaining A$0.23 (0.51%). Today's closing price of 45.00 marks the highest close since Inception. Closing within the previous day's range, prices failed to decisively move past the prior day's trading range. Ending the day with an indecisive close, neither buyers nor sellers were able to gain control during the session.

Daily chart for XRO.AX
Volatility

Thursday's trading range was A$1.10 (2.44%), that's slightly above last trading month's daily average range of A$0.99. Things look different on a weekly scale, where volatility is slightly below the markets average with the monthly volatility being way above average.

Support/Resistance

Prices are trading close to a key support level at 44.75.

Trend

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

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 Xero Limited
Condition Forecast Direction Win Avg Worst Best Events
Close to R1 Resistance 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
Low close to previous low TQ Pro Members Only
More market conditions identified for TQ Pro members...
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