ADI fails to close above 200-day moving average


Analog Devices Inc. (ADI) Technical Analysis Report for Sep 14, 2018 | by Techniquant Editorial Team

Highlights

ADI closes below its opening price unable to hold early session gains
ADI unable to break through key resistance level
ADI fails to close above 200-day moving average
ADI closes higher for the 2nd day in a row
ADI closes within previous day's range after lackluster session

Overview

Moving higher for the 2nd day in a row, ADI ended the week -1.52% lower at 92.53 after edging higher $0.13 (0.14%) today. Trading $0.88 higher after the open, the stock was unable to hold its gains as the bears took control ending the day below its opening price. Closing within the prior day's range, prices failed to decisively move past the previous day's trading range in a lackluster session. Ending the day with an indecisive close, neither buyers nor sellers were able to gain control during the session.

Daily Candlestick Chart (ADI as at Sep 14, 2018):

Daily technical analysis candlestick chart for Analog Devices Inc. (ADI) as at Sep 14, 2018

Friday's trading range was $1.34 (1.45%), that's below last trading month's daily average range of $2.02. Things look different on a weekly scale, where volatility is slightly above the markets average with the monthly volatility being above average.

Unable to break through the key technical resistance level at 93.05, the share closed below it after spiking as high as 93.43 during the day. The failure to close above the resistance could increase that levels importance as resistance going forward. After spiking up to 93.43 during the day, Analog Devices, found resistance at the 200-day moving average at 93.14.

Though still in a long-term uptrend, the short and medium-term trends both turned bearish already.


Market Conditions for ADI as at Sep 14, 2018

Loading Market Conditions for ADI (Analog Devices Inc.)...
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ADI closes within previous day's range

Nov 21, 2018
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