ANDV rises to highest close since Inception
Andeavor (ANDV) Technical Analysis Report for May 17, 2018
ANDV finished Thursday at 146.81 gaining $6.10 (4.34%). Today's closing price of 146.81 marks the highest close since Inception. The bulls were in full control today, moving the market higher throughout the whole session. Closing above Wednesday's high at 141.41, the market confirms its breakout through the prior session's high having traded $5.87 above it intraday. Ending with a strong close near the high of the day sets a bullish note for the next session.
Thursday's trading range was $5.96 (4.22%), that's above last trading month's daily average range of $4.34. Things look different on a weekly scale, where volatility is below the markets average with the monthly volatility being slightly below average.
Breaking through the key resistance level at 142.28 today, it is now likely to act as support going forward.
The trend is clearly bullish, showing an intact uptrend in the short, medium and long-term.
While classical technical analysis indicates a bullish sentiment for the next trading day, our quantitative statistics show a different picture being neutral.