BR closes within previous day's range


Broadridge Financial Solutions Llc (BR) Technical Analysis Report for Aug 10, 2018 [< 1 min read]
Highlights
BR runs into sellers around 130.78 for the third day in a row
BR stuck within tight trading range
BR closes within previous day's range
BR ends the day indecisive
TQ Sentiment
Report Sentiment: 33% Bearish
Technical Forecast:
Overview

BR finished the week 12.51% higher at 129.37 after losing $0.36 (-0.28%) today. 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 BR
Volatility

Friday's trading range was $1.82 (1.41%), that's slightly below last trading month's daily average range of $2.41. Things look different on a weekly scale, where volatility is way above the markets average with the monthly volatility being way above average. Prices continued to consolidate within a tight trading range between 128.50 and 131.21 which it has been in now for the last three days.

Support/Resistance

Prices are trading close to the key resistance level at 131.21. Broadridge Financial ran into sellers again today around 130.78 for the third trading day in a row after having found sellers at 131.21 in the prior session and at 130.84 two days ago.

Trend

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

Order Flow

Buying might speed up should prices move above the nearby swing high at 131.21 where further buy stops could get activated.

Conclusion

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

Market Conditions for Broadridge Financial Solutions Llc
Condition Forecast Direction Win Avg Worst Best Events
White Candle TQ Pro Members Only
Close to S1 Support TQ Pro Members Only
Price broke through Technical Resistance R1 TQ Pro Members Only
Gap Up TQ Pro Members Only
Closed above last periods high TQ Pro Members Only
More market conditions identified for TQ Pro members...
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Latest Report:

BR pushes through key resistance level

Aug 16, 2018
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