ALNY dominated by bulls lifting the market higher throughout the day


Alnylam Pharmaceut (ALNY) Technical Analysis Report for Aug 10, 2018 [< 1 min read]
Highlights
ALNY dominated by bulls lifting the market higher throughout the day
ALNY closes higher for the 2nd day in a row
ALNY ends the day on a bullish note closing near the high of the day
ALNY pushes through previous session high
ALNY rises to highest close since July 27th
TQ Sentiment
Report Sentiment: 50% Bullish
Technical Forecast:
Overview

Moving higher for the 2nd day in a row, ALNY ended the week 6.24% higher at 97.37 after gaining $3.12 (3.31%) today on low volume. Today's closing price of 97.37 marks the highest close since July 27th. The bulls were in full control today, moving the market higher throughout the whole session. Closing above Thursday's high at 96.75, the market confirms its breakout through the prior session's high having traded $0.74 above it intraday. Ending with a strong close near the high of the day sets a bullish note for the next session.

Daily chart for ALNY
Volatility

Friday's trading range was $3.49 (3.71%), that's slightly below last trading month's daily average range of $4.22. Things look different on a weekly scale, where volatility is slightly below the markets average with the monthly volatility being slightly above average.

Support/Resistance

Prices are trading close to the key resistance level at 98.30.

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 Alnylam Pharmaceut
Condition Forecast Direction Win Avg Worst Best Events
Close to R1 Resistance TQ Pro Members Only
Close to S1 Support TQ Pro Members Only
Low close to previous low TQ Pro Members Only
Close to Swing High TQ Pro Members Only
Bearish Spinning Top TQ Pro Members Only
More market conditions identified for TQ Pro members...
Learn more about TQ Pro
Latest Report:

ALNY finds buyers again around 90.18

Aug 15, 2018
Trending Assets

Upgrade your trading!

Get the stats behind the charts

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

Signup
Stocks Top Movers
BTCUSD 6,266.7342.19 0.68%
TBOND 144.5620.687 0.48%
ASX 6,329.0029.40 0.47%
EURUSD 1.13460.0002 0.02%
DXY 96.580-0.025 -0.03%
GBPUSD 1.2696-0.0026 -0.20%
ETHUSD 279.29-0.83 -0.30%
USDJPY 110.74-0.41 -0.37%
NATGAS 2.939-0.016 -0.54%
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 ABBV97.45 1.53
1.60%
ACN 10 day candlestick chart for ACN160.41 -0.83
-0.51%
ADBE 10 day candlestick chart for ADBE250.52 -5.53
-2.16%
AAP 10 day candlestick chart for AAP158.03 1.90
1.22%
AES 10 day candlestick chart for AES13.49 -0.01
-0.07%
AET 10 day candlestick chart for AET197.29 0.34
0.17%
AFL 10 day candlestick chart for AFL46.29 -0.22
-0.47%
AMG 10 day candlestick chart for AMG145.43 -1.20
-0.82%
A 10 day candlestick chart for A64.73 -2.02
-3.03%
ABT 10 day candlestick chart for ABT63.47 -0.16
-0.25%