AET closes lower for the 2nd day in a row
Aetna Inc (AET) Technical Analysis Report for Sep 14, 2018
Moving lower for the 2nd day in a row, AET finished the week -0.16% lower at 202.75 after edging lower $0.28 (-0.14%) today. Trading $0.52 higher after the open, Aetna Inc was unable to hold its gains as the bears took control ending the day below its opening price. Closing below Thursday's low at 203.03, the market confirms its breakout through the previous session's low having traded $0.28 below it intraday. Ending with a weak close near the low of the day sets a bearish note for the next session.
Friday's trading range was $1.11 (0.55%), that's below last trading month's daily average range of $1.64. Things look different on a weekly scale, where volatility is slightly below the markets average with the monthly volatility being below average.
Unable to break through the key technical resistance level at 203.74, the stock closed below it after spiking as high as 203.86 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 lower than 203.03 in the prior session, the share found buyers again around the same price level today at 202.75.
The trend is clearly bullish, showing an intact uptrend in the short, medium and long-term.
Buying could speed up should prices move above the nearby swing high at 204.20 where further buy stops might get activated.
While classical technical analysis indicates a slightly bearish sentiment for the next trading day, our quantitative statistics show a different picture being bullish.
Market Conditions for Aetna Inc
|Condition||Forecast||Direction||Direction||Win Rate||Win Rate||Exit Day||Exit Day||Events|
|Strong Up Move||TQ Pro Members Only|
|Bullish Outside Bar||TQ Pro Members Only|
|Closed above last periods high||TQ Pro Members Only|
|Low close to previous two Lows||TQ Pro Members Only|
|Low close to previous low||TQ Pro Members Only|
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