XRO.AX ends the day indecisive
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.
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.
Prices are trading close to a key support level at 44.75.
The trend is clearly bullish, showing an intact uptrend in the short, medium and long-term.
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
|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|
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