REA Group Shares Reclaim Key Level Into Q1 Results
REA Group shares (ASX: REA) have broken back above the 200-day moving average yesterday, closing at A$166.16 after a 3.77% gain. With the 200 day level closely watched for trend, there will be fresh debate about market regime heading into these final two months of what has been a challenging year. The move carries significance…
Fortescue Shares Consolidating Near Lows: Will Support Step In?
Fortescue shares (ASX: FMG) have fallen 35% since the turn of 2026, as the stalled China contract, rising unit costs, and falling iron ore prices have put bulls firmly under pressure. The A$14.27 low close of recent sessions, the lowest level in years, three times repeated in 10 days could be a turning point. The…
Santos Shares Slip Below A$9 as Momentum Test Looms
Santos shares (ASX: STO) closed below the A$9 mark for the first time in three weeks, as a pullback in crude oil prices has seen some of the top come off the energy trade. The Santos share price closed out at A$8.96, capping a two-day pullback of 3.14% that dragged the stock back below the…
Smartgroup Shares Fall Back To Test Support
Smartgroup Corp shares (ASX: SIQ) fell 7.97% to A$11.08 on Tuesday, down 10.86% in the past week. The move saw a test of the longer term trendline, as the 200 day SMA at A$10.75 came into view intraday, with both the 30 day and 50 day equivalents being broken in the session. Looking to recent…
NexGen Energy Shares Make New 52 Wk Low
NexGen Energy shares (ASX: NXG) hit a new 52 week low at A$11.19 yesterday, falling back 5.40% on the day to close up at A$11.21. Volume was notably heavy on the day at 2million shares, more than five times its typical pace. The third consecutive red day, for a cumulative 10.68% has firmly put a…
RBA Lifts Cash Rate to 18-Year High: What We Learnt
The Reserve Bank of Australia has raised its cash rate by 25 basis points to 4.85%, the highest level since late 2008, in a split board decision that underscores both the persistence of domestic inflation and growing internal debate about how much further monetary policy needs to tighten. The move, the fifth rate hike of…
Virgin Australia Shares Today’s ASX 200 Leader, Testing Key Level
Virgin Australia shares (ASX:VGN) added 8.87% today to lead the ASX 200 with a close at $2.70. The move came on volume of 2.09million shares, 1.72x the average daily total, extending a three day rally to 13.92% amid what has been a volatile year, dominated by rising oil prices. The rally reflects a pullback in…
Elsight Shares Giving Back Gains, In Major Reversal
Elsight shares (ASX: ELS) fell back 9.39% on Monday, and followed up with a 4.27% pullback today, the latest part of a reversal that stands out as one of the most severe in Aussie markets. After a huge rally through the back half of last year, the stock has now given back all of those,…
Endeavour Group Shares Downgraded Into Rally: The Call
Endeavour Group shares (ASX: EDV) were downgraded in the midst of a rally, as RBC Capital cut its rating on to Underperform, warning that a sharp recovery in the share price has run ahead of the company’s near-term earnings fundamentals. The downgrade puts fresh pressure on a stock that had only recently shown signs of…
Coles Shares Endure Six-Day Sell-Off: Price Target Trimmed in Downgrade
Coles Group shares (ASX:COL) fell 1.75% on Monday to move into negative territory YTD (-0.28%), as a downgrade from a previously bullish analyst adds to what has been a difficult week or so in the market. RBC downgraded Coles to Sector Perform from Outperform following a disappointing first-quarter trading update, cutting its price target from…
