XRO.AX ends the day indecisive
Xero Limited (XRO.AX) Technical Analysis Report for Jun 14, 2018 | by Techniquant Editorial Team
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 Candlestick Chart (XRO.AX as at Jun 14, 2018):
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.