AET ends the day indecisive


Aetna Inc (AET) Technical Analysis Report for May 17, 2018 [1 min read]
Highlights
Traders officially love to sell AET against 178.06 level
AET closes below its opening price unable to hold early session gains
AET fails to close above 100-day moving average
AET stuck within tight trading range
AET closes within previous day's range after lackluster session
TQ Sentiment
Report Sentiment: 50% Bearish
Technical Forecast:
Overview

AET ended Thursday at 177.03 losing $0.44 (-0.25%). Trading $0.59 higher after the open, the share was unable to hold its gains as the bears took control ending the day below its opening price. Closing within the previous day's range, prices failed to decisively move beyond the prior 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 AET
Volatility

Thursday's trading range was $1.34 (0.76%), that's below last trading month's daily average range of $2.30. Things look different on a weekly scale, where volatility is way above the markets average with the monthly volatility being slightly above average. Prices continued to consolidate within a tight trading range between 176.68 and 178.06 which it has been in now for the last three days.

Support/Resistance

Prices are trading close to a key support level at 175.61. Prices are trading close to the key resistance level at 178.12. The market was sold again around 178.06 after having seen highs at 177.95, 177.87 and 177.90 in the last three trading sessions. Obviously there is something going on at that level. After spiking up to 178.06 during the day, Aetna Inc found resistance at the 100-day moving average at 177.98.

Trend

While the stock is experiencing a short-term up trend, this might 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 bearish.

Market Conditions for Aetna Inc
Condition Forecast Direction Win Avg Worst Best Events
Strong Up Move TQ Pro Members Only
Decisive Up Move TQ Pro Members Only
White Candle TQ Pro Members Only
RSI(14) above 70 TQ Pro Members Only
Closed above last periods high TQ Pro Members Only
More market conditions identified for TQ Pro members...
Learn more about TQ Pro
Trending Assets

Upgrade your trading!

Get the stats behind the charts

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

Signup
Stocks Top Movers
NKY 22,356.08498.65 2.28%
NATGAS 2.9550.029 0.99%
ASX 6,299.6047.40 0.76%
SPX 2,841.7619.83 0.70%
NDX 7,449.8648.69 0.66%
CAC 5,403.41-8.91 -0.16%
TBOND 143.875-0.344 -0.24%
GBPUSD 1.2722-0.0043 -0.34%
FTSE 7,611.64-30.86 -0.40%
EURUSD 1.1344-0.0065 -0.57%
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 ABBV96.14 -0.64
-0.66%
ACN 10 day candlestick chart for ACN161.24 1.01
0.63%
ADBE 10 day candlestick chart for ADBE256.05 2.51
0.99%
AAP 10 day candlestick chart for AAP154.80 9.96
6.88%
AES 10 day candlestick chart for AES13.52 0.14
1.05%
AET 10 day candlestick chart for AET197.11 2.40
1.23%
AFL 10 day candlestick chart for AFL46.51 0.21
0.45%
AMG 10 day candlestick chart for AMG147.35 0.95
0.65%
A 10 day candlestick chart for A66.99 1.05
1.59%
ABT 10 day candlestick chart for ABT63.74 0.31
0.49%