ANDV ends the day indecisive
Andeavor (ANDV) Technical Analysis Report for Sep 14, 2018
Moving higher for the 4th day in a row, ANDV ended the week 1.83% higher at 156.09 after gaining $0.18 (0.12%) today. Today's closing price of 156.09 marks the highest close since Inception. Closing within the prior day's range, prices failed to decisively move beyond the previous 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 $1.37 (0.88%), that's far below last trading month's daily average range of $2.70. Things look different on a weekly scale, where volatility is slightly below the markets average with the monthly volatility being slightly above average.
Prices are trading close to the key resistance level at 156.99.
The trend is clearly bullish, showing an intact uptrend in the short, medium and long-term.
Buying could accelerate should prices move above the close-by swing high at 157.64 where further buy stops might get triggered. Selling could speed up should prices move below the nearby swing low at 153.84 where further sell stops might get activated.
While classical technical analysis indicates a neutral sentiment for the next trading day, our quantitative statistics show a different picture being bullish.
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