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ANDV closes higher for the 2nd day in a row


Technical Analysis Report for ANDV - Apr 16, 2018 [< 1 min read]
Highlights
ANDV rallies 2.97% closing $3.28 higher
ANDV pushes through key resistance level
ANDV closes higher for the 2nd day in a row
ANDV pushes through previous session high
ANDV rises to highest close since January 25th
TQ Sentiment
Technical Forecast:
Overview

Moving higher for the 2nd day in a row, ANDV finished Monday at 113.84 surging $3.28 (2.97%). This is the biggest single day gain in over four days. Today's closing price of 113.84 marks the highest close since January 25th. Closing above Friday's high at 111.12, Andeavor confirms its breakout through the prior session's high having traded $3.99 above it intraday.

Daily chart for ANDV
Volatility

Monday's trading range was $4.23 (3.8%), that's above last trading month's daily average range of $3.17. Weekly volatility is also higher, being slightly above the markets average with the monthly volatility being above average.

Support/Resistance

Breaking through the key resistance level at 113.65 today, it is now likely to act as support going forward.

Trend

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

Conclusion

Even though both sentiments are bullish for the next trading day, the classical technical analysis metrics are only slightly bullish while our quantitative statistics show a bullish sentiment.

Report Market Conditions
ConditionForecastDirectionWinAvgWorstBest
Price broke through Technical Resistance R1 TQ Pro Members Only
Closed above last periods high TQ Pro Members Only
2 Consecutive Higher Closes TQ Pro Members Only
Strong Up Move TQ Pro Members Only
More market conditions identified for TQ Pro members...
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