MAY SALE: Save over 60% on our Pro Plans!

AVB slips to lowest close since March 23rd


Technical Analysis Report for AVB - May 17, 2018 [< 1 min read]
Highlights
AVB closes below its opening price unable to hold early session gains
AVB closes lower for the 5th day in a row
AVB breaks below previous session low
AVB falls to lowest close since March 23rd
TQ Sentiment
Technical Forecast:
Overview

Moving lower for the 5th day in a row, AVB finished Thursday at 158.52 losing $0.98 (-0.61%). Today's closing price of 158.52 marks the lowest close since March 23rd. Trading $0.71 higher after the open, the share was unable to hold its gains as the bears took control ending the day below its opening price. Closing below Wednesday's low at 158.82, the market confirms its breakout through the prior session's low having traded $0.66 below it intraday.

Daily chart for AVB
Volatility

Thursday's trading range was $1.80 (1.13%), that's below last trading month's daily average range of $2.54. Things look different on a weekly scale, where volatility is way above the markets average with the monthly volatility being slightly below average.

Support/Resistance

Prices are trading close to a key support level at 156.74.

Trend

The stock shows weakness in the short-term (in accordance with its long-term downtrend) with only the medium-term trend being bullish.

Order Flow

Further selling might move prices lower should the market test April's close-by low at 157.90.

Conclusion

While classical technical analysis indicates a neutral sentiment for the next trading day, our quantitative statistics show a different picture being bearish.

Report Market Conditions
ConditionForecastDirectionWinAvgWorstBest
Closed below last periods low TQ Pro Members Only
Close to S1 Support TQ Pro Members Only
5 Consecutive Lower Closes TQ Pro Members Only
Bearish Intraday Reversal TQ Pro Members Only
More market conditions identified for TQ Pro members...
Learn more about TQ Pro
Latest Report:

AVB finds buyers at key support level

May 21, 2018
Trending Assets

Upgrade your trading!

Get the stats behind the charts

Find out what happened when AvalonBay Communities, Inc. traded like this in the past. See the odds for each technical pattern with expected gain and loss.

Signup

Stocks Top Movers

CRUDE 72.661.18 1.65%
INDU 25,013.29298.20 1.21%
FTSE 7,859.1780.37 1.03%
SPX 2,733.0120.04 0.74%
HSI 31,234.35186.44 0.60%
DXY 93.475-0.125 -0.13%
NATGAS 2.864-0.006 -0.21%
DAX 13,077.72-36.89 -0.28%
GBPUSD 1.3425-0.0043 -0.32%
BTCUSD 8,414.53-100.03 -1.17%
Start your day with the facts moving the markets
By clicking "Subscribe", you agree to our terms and privacy policy.

Related Stocks

ABBV 10 day candlestick chart for ABBV106.23 0.25
0.24%
ACN 10 day candlestick chart for ACN156.94 1.63
1.05%
ADBE 10 day candlestick chart for ADBE238.10 0.01
0.00%
AAP 10 day candlestick chart for AAP119.15 0.83
0.70%
AES 10 day candlestick chart for AES12.06 0.13
1.09%
AET 10 day candlestick chart for AET177.72 0.91
0.51%
AFL 10 day candlestick chart for AFL45.75 0.36
0.79%
AMG 10 day candlestick chart for AMG166.82 -0.89
-0.53%
A 10 day candlestick chart for A65.55 1.23
1.91%
ABT 10 day candlestick chart for ABT62.11 0.40
0.65%