AHL finds buyers again around 36.47


Aspen Insurance Holdings (AHL) Technical Analysis Report for Aug 10, 2018 [< 1 min read]
Highlights
AHL closes above its opening price after recovering from early selling pressure
AHL finds buyers again around 36.47
AHL stuck within tight trading range
AHL closes within previous day's range after lackluster session
TQ Sentiment
Report Sentiment: 50% Bullish
Technical Forecast:
Overview

AHL finished the week -2.77% lower at 36.90 after losing $0.10 (-0.27%) today. Trading up to $0.23 lower after the open, the share managed to reverse during the session as bulls took control ending the day above its opening price. Closing within the previous day's range, prices failed to decisively move past the prior day's trading range in a lackluster session.

Daily chart for AHL
Volatility

Friday's trading range was $0.58 (1.58%), that's below last trading month's daily average range of $0.84. Things look different on a weekly scale, where volatility is slightly below the markets average with the monthly volatility being above average. Prices continued to consolidate within a tight trading range between 36.47 and 37.20 which it has been in now for the last three days.

Support/Resistance

After having been unable to move lower than 36.55 in the previous session, the market found buyers again around the same price level today at 36.47.

Trend

The trend is clearly bearish, showing an intact downtrend in the short, medium and long-term.

Conclusion

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 Aspen Insurance Holdings
Condition Forecast Direction Win Avg Worst Best Events
2 Consecutive Higher Closes TQ Pro Members Only
RSI(2) above 80 TQ Pro Members Only
More market conditions identified for TQ Pro members...
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Latest Report:

AHL closes within previous day's range

Aug 15, 2018
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