ADT closes within previous day's range after lackluster session
ADT Inc. (ADT) Technical Analysis Report for Sep 15, 2020 | by Techniquant Editorial Team
ADT finished Tuesday at 10.80 flat on low volume, underperforming the S&P 500 (0.52%). Closing within the prior day's range, prices failed to decisively move beyond the previous day's trading range in a lackluster session.
Daily Candlestick Chart (ADT as at Sep 15, 2020):
Tuesday's trading range has been $0.22 (2.02%), that's far below the last trading month's daily average range of $0.39. Things look different on the weekly timeframe, where the market's trading range of the last week has been slightly above the market's average weekly trading range. The longer-term, monthly volatility is currently strongly lower than usual for ADT.
After having been unable to move lower than 10.73 in the prior session, the share found buyers again around the same price level today at 10.72. The last time this happened on September 8th, ADT gained 3.88% on the following trading day.
The trend is clearly bullish, showing an intact uptrend in the short, medium and long-term.