Traders officially love to sell BXP against 129.96 level


Boston Properties (BXP) Technical Analysis Report for Aug 10, 2018 [1 min read]
Highlights
Traders officially love to sell BXP against 129.96 level
BXP closes lower for the 3rd day in a row
BXP breaks below previous session low
BXP falls to lowest close since August 2nd
BXP ends the day indecisive
TQ Sentiment
Report Sentiment: 25% Bearish
Technical Forecast:
Overview

Moving lower for the 3rd day in a row, BXP finished the week -0.12% lower at 128.94 after losing $0.37 (-0.29%) today on high volume. Today's closing price of 128.94 marks the lowest close since August 2nd. Closing below Thursday's low at 128.97, Boston Properties confirms its breakout through the previous session's low having traded $0.36 below it intraday. Ending the day with an indecisive close, neither buyers nor sellers were able to gain control during the session.

Daily chart for BXP
Volatility

Friday's trading range was $1.35 (1.05%), that's slightly below last trading month's daily average range of $2.06. Things look different on a weekly scale, where volatility is way below the markets average with the monthly volatility being above average.

Price Action

In a volatile session, prices traded above the prior day's high as well as below the previous day's low, forming a bullish Outside Bar.

Support/Resistance

The stock was sold again around 129.96 after having seen highs at 129.76, 130.01 and 130.05 in the last three trading sessions. Obviously there is something going on at that level.

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 close-by swing high at 130.08 where further buy stops could get triggered. Selling might accelerate should prices move below the nearby swing low at 127.70 where further sell 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 Boston Properties
Condition Forecast Direction Win Avg Worst Best Events
4 Consecutive Higher Closes TQ Pro Members Only
White Candle TQ Pro Members Only
Closed above last periods high TQ Pro Members Only
52 Week High TQ Pro Members Only
More market conditions identified for TQ Pro members...
Learn more about TQ Pro
Trending Assets

Upgrade your trading!

Get the stats behind the charts

Find out what happened when Boston Properties traded like this in the past. See the odds for each technical pattern with expected gain and loss.

Signup
Stocks Top Movers
ETHUSD 285.726.43 2.30%
INDU 25,558.73396.32 1.58%
CRUDE 65.450.55 0.85%
CAC 5,349.0243.80 0.83%
SPX 2,840.6922.32 0.79%
ASX 6,328.30-0.70 -0.01%
DXY 96.535-0.045 -0.05%
NKY 22,192.04-12.18 -0.05%
GOLD 1,181.0-0.8 -0.07%
HSI 27,100.06-223.53 -0.82%
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 ABBV98.22 0.77
0.79%
ACN 10 day candlestick chart for ACN162.89 2.48
1.55%
ADBE 10 day candlestick chart for ADBE248.89 -1.63
-0.65%
AAP 10 day candlestick chart for AAP159.49 1.46
0.92%
AES 10 day candlestick chart for AES13.87 0.38
2.82%
AET 10 day candlestick chart for AET198.47 1.18
0.60%
AFL 10 day candlestick chart for AFL46.50 0.21
0.45%
AMG 10 day candlestick chart for AMG146.29 0.86
0.59%
A 10 day candlestick chart for A65.50 0.77
1.19%
ABT 10 day candlestick chart for ABT64.16 0.69
1.09%