MAY SALE: Save over 60% on our Pro Plans!

ADS closes within prior day's range after lackluster session


Technical Analysis Report for ADS - May 17, 2018 [< 1 min read]
Highlights
ADS unable to break through key resistance level
ADS closes higher for the 2nd day in a row
ADS runs into sellers again around 211.61
ADS rises to highest close since April 19th
ADS closes within previous day's range after lackluster session
TQ Sentiment
Technical Forecast:
Overview

Moving higher for the 2nd day in a row, ADS finished Thursday at 210.57 gaining $0.89 (0.42%) on low volume. Today's closing price of 210.57 marks the highest close since April 19th. Closing within the prior day's range, prices failed to decisively move beyond the previous day's trading range in a lackluster session.

Daily chart for ADS
Volatility

Thursday's trading range was $1.99 (0.95%), that's far below last trading month's daily average range of $3.86. Things look different on a weekly scale, where volatility is slightly below the markets average with the monthly volatility being slightly above average.

Support/Resistance

Unable to break through the key technical resistance level at 211.25, Alliance Data closed below it after spiking as high as 211.61 during the day. The failure to close above the resistance might increase that levels importance as resistance going forward. After having been unable to move above 211.57 in the prior session, the market ran into sellers again around the same price level today, failing to move higher than 211.61.

Trend

Though the stock is experiencing a short-term up trend, this could just be a correction, as both the medium and long term trends are still in negative territory.

Conclusion

While classical technical analysis indicates a neutral sentiment for the next trading day, our quantitative statistics show a different picture being bullish.

Report Market Conditions
ConditionForecastDirectionWinAvgWorstBest
Bounced off Technical Resistance R1 TQ Pro Members Only
High close to previous High TQ Pro Members Only
2 Consecutive Higher Closes TQ Pro Members Only
More market conditions identified for TQ Pro members...
Learn more about TQ Pro
Latest Report:

ADS pushes through key resistance level

May 21, 2018
Trending Assets

Upgrade your trading!

Get the stats behind the charts

Find out what happened when Alliance Data Systems traded like this in the past. See the odds for each technical pattern with expected gain and loss.

Signup

Stocks Top Movers

CRUDE 72.661.18 1.65%
INDU 25,013.29298.20 1.21%
FTSE 7,859.1780.37 1.03%
SPX 2,733.0120.04 0.74%
HSI 31,234.35186.44 0.60%
DXY 93.475-0.125 -0.13%
NATGAS 2.864-0.006 -0.21%
DAX 13,077.72-36.89 -0.28%
GBPUSD 1.3425-0.0043 -0.32%
BTCUSD 8,414.53-100.03 -1.17%
Start your day with the facts moving the markets
By clicking "Subscribe", you agree to our terms and privacy policy.

Related Stocks

ABBV 10 day candlestick chart for ABBV106.23 0.25
0.24%
ACN 10 day candlestick chart for ACN156.94 1.63
1.05%
ADBE 10 day candlestick chart for ADBE238.10 0.01
0.00%
AAP 10 day candlestick chart for AAP119.15 0.83
0.70%
AES 10 day candlestick chart for AES12.06 0.13
1.09%
AET 10 day candlestick chart for AET177.72 0.91
0.51%
AFL 10 day candlestick chart for AFL45.75 0.36
0.79%
AMG 10 day candlestick chart for AMG166.82 -0.89
-0.53%
A 10 day candlestick chart for A65.55 1.23
1.91%
ABT 10 day candlestick chart for ABT62.11 0.40
0.65%