AGN closes lower for the 3rd day in a row
Moving lower for the 3rd day in a row, AGN finished the week -1.04% lower at 184.00 after losing $0.06 (-0.03%) today. Today's closing price of 184.00 marks the lowest close since August 1st. 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.
Friday's trading range was $1.76 (0.96%), that's far below last trading month's daily average range of $3.11. Things look different on a weekly scale, where volatility is below the markets average with the monthly volatility being slightly above average.
During the whole day, prices traded within the previous day's range, unable to trade above the prior day's high or below the previous day's low forming an Inside Bar.
After having been unable to move lower than 182.73 in the prior session, Allergan plc found buyers again around the same price level today at 183.02.
The trend is clearly bullish, showing an intact uptrend in the short, medium and long-term.
Buying might speed up should prices move above the nearby swing high at 187.41 where further buy stops could get activated. Selling might accelerate should prices move below the close-by swing low at 182.73 where further sell stops could get triggered.
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 Allergan plc
|Close to S1 Support||TQ Pro Members Only|
|Low close to previous two Lows||TQ Pro Members Only|
|Low close to previous low||TQ Pro Members Only|
|Close to Swing High||TQ Pro Members Only|
|Closed above last periods high||TQ Pro Members Only|
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