Australia stocks higher at the close of trade; S&P/ASX 200 up 0.41%
Australia stocks were higher after the close on Tuesday, as gains in the Metals & Mining, Resources and Materials sectors led shares higher.
At the close in Sydney, the S&P/ASX 200 added 0.41%.
The best performers of the session on the S&P/ASX 200 were Whitehaven Coal Ltd (ASX:WHC), which rose 6.83% or 0.54 points to trade at 8.45 at the close. Meanwhile, Megaport Ltd (ASX:MP1) added 6.72% or 0.50 points to end at 7.94 and Pointsbet Holdings Ltd (ASX:PBH) was up 6.22% or 0.12 points to 2.05 in late trade.
The worst performers of the session were Fisher & Paykel Healthcare Ltd (ASX:FPH), which fell 4.75% or 0.82 points to trade at 16.43 at the close. Zip Co Ltd (ASX:ZIP) declined 3.57% or 0.03 points to end at 0.68 and Ramsay Health Care Ltd (ASX:RHC) was down 3.49% or 2.06 points to 57.02.
Falling stocks outnumbered advancing ones on the Sydney Stock Exchange by 694 to 679 and 365 ended unchanged.
Shares in Fisher & Paykel Healthcare Ltd (ASX:FPH) fell to 52-week lows; losing 4.75% or 0.82 to 16.43. Shares in Ramsay Health Care Ltd (ASX:RHC) fell to 52-week lows; losing 3.49% or 2.06 to 57.02.
The S&P/ASX 200 VIX, which measures the implied volatility of S&P/ASX 200 options, was down 6.18% to 19.88.
S&P 200 Technical Analysis: Daily Chart
In the daily charts, S&P 200 is trading in down channel. S&P 200 is currently trading below all SMA.
RSI is in over sold zone which indicates mild bullishness. MACD is currently below zero which indicates bearishness.
Its immediate support is 6448.00 & the resistance level is at 6557.00.
S&P 200 INDEX will trade in down channel until there is trend reversal.
How to Trade S&P 200 INDEX this Week:
S&P 200 INDEX will follow the downtrend until their trend reversal. So, remain bearish on S&P 200 INDEX.
