ADS ends the day indecisive


Alliance Data Systems (ADS) Technical Analysis Report for Jul 13, 2018 [< 1 min read]
Highlights
ADS still stuck within tight trading range
ADS closes within previous day's range after lackluster session
ADS ends the day indecisive
TQ Sentiment
Report Sentiment: 16% Bearish
Technical Forecast:
Overview

ADS ended the week 1.21% higher at 243.50 after losing $0.66 (-0.27%) today. 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 chart for ADS
Volatility

Friday's trading range was $3.32 (1.36%), that's below last trading month's daily average range of $4.71. Things look different on a weekly scale, where volatility is way below the markets average with the monthly volatility being slightly below average. Prices continued to consolidate within a tight trading range between 241.07 and 245.93 which it has been in now for the last trading week.

Support/Resistance

Prices are trading close to the key resistance level at 245.21.

Trend

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

Order Flow

Buying might speed up should prices move above the nearby swing high at 245.21 where further buy stops could get triggered. Selling might accelerate should prices move below the close-by swing low at 241.07 where further sell stops could get activated.

Conclusion

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 Alliance Data Systems
ConditionForecastDirectionWinAvgWorstBestEvents
White Candle TQ Pro Members Only
RSI(2) above 80 TQ Pro Members Only
Price broke through Technical Resistance R1 TQ Pro Members Only
Close to S1 Support TQ Pro Members Only
4 Consecutive Higher Closes TQ Pro Members Only
More market conditions identified for TQ Pro members...
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