AMN closes higher for the 3rd day in a row


Technical Analysis Report for AMN - May 17, 2018 [< 1 min read]
Highlights
AMN closes higher for the 3rd day in a row
AMN pushes through previous session high
AMN rises to highest close since May 3rd
TQ Sentiment
Technical Forecast:
Overview

Moving higher for the 3rd day in a row, AMN finished Thursday at 57.25 gaining $0.55 (0.97%). Today's closing price of 57.25 marks the highest close since May 3rd. Closing above Wednesday's high at 57.03, the market confirms its breakout through the previous session's high having traded $0.67 above it intraday.

Daily chart for AMN
Volatility

Thursday's trading range was $1.15 (2.02%), that's slightly below last trading month's daily average range of $1.94. Things look different on a weekly scale, where volatility is way below the markets average with the monthly volatility being way above average.

Trend

While still in a long-term uptrend, the short and medium-term trends both turned bearish already.

Order Flow

Selling might speed up should prices move below the close-by swing low at 55.16 where further sell stops could get triggered.

Conclusion

While classical technical analysis indicates a neutral sentiment for the next trading day, our quantitative statistics show a different picture being bullish.

Report Market Conditions
ConditionForecastDirectionWinAvgWorstBest
Closed above last periods high TQ Pro Members Only
3 Consecutive Higher Closes TQ Pro Members Only
Close to Swing Low TQ Pro Members Only
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AMN finds buyers at key support level

May 23, 2018
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