APH closes below its opening price unable to hold early session gains

Amphenol Corp A (APH) Technical Analysis Report for Sep 14, 2018

Highlights

APH closes below its opening price unable to hold early session gains
APH closes within previous day's range
APH ends the day indecisive

TQ Sentiment

Report Sentiment: 33% Bearish
Technical Forecast:

Overview

APH finished the week 1.55% higher at 96.83 after losing $0.16 (-0.16%) today. Trading $0.56 higher after the open, Amphenol Corp was unable to hold its gains as the bears took control ending the day below its opening price. Closing within the prior day's range, prices failed to decisively move past the previous day's trading range. Ending the day with an indecisive close, neither buyers nor sellers were able to gain control during the session.

Daily chart for APH

Volatility

Friday's trading range was $1.16 (1.2%), that's far above last trading month's daily average range of $0.83. Weekly volatility is also higher, being slightly above the markets average with the monthly volatility being slightly above average.

Trend

The trend is clearly bullish, showing an intact uptrend 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 bearish.

Market Conditions for Amphenol Corp A

Condition Forecast Direction Win Rate Exit Day Events
2 Consecutive Lower Closes TQ Pro Members Only
Close near low of period TQ Pro Members Only
Closed below last periods low TQ Pro Members Only
Close to Swing Low TQ Pro Members Only
Bearish Intraday Reversal TQ Pro Members Only
More market conditions identified for TQ Pro members...
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