APH closes below its opening price unable to hold early session gains
Amphenol Corp A (APH) Technical Analysis Report for Sep 14, 2018
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.
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.
The trend is clearly bullish, showing an intact uptrend in the short, medium and long-term.
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||Direction||Win Rate||Win Rate||Exit Day||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|
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