BZUN rises to highest close since Inception


Baozun Inc. (BZUN) Technical Analysis Report for May 17, 2018 [< 1 min read]
Highlights
BZUN rallies 18.75% on high volume
BZUN pushes through key resistance level
BZUN dominated by bulls lifting the market higher throughout the day
BZUN pushes through 50-day moving average
BZUN ends the day on a bullish note closing near the high of the day
TQ Sentiment
Report Sentiment: 85% Bullish
Technical Forecast:
Overview

BZUN finished Thursday at 53.51 surging $8.45 (18.75%) on high volume. This is the biggest single day gain in over two months. Today's closing price of 53.51 marks the highest close since Inception. The bulls were in full control today, moving the market higher throughout the whole session. Closing above Wednesday's high at 45.92, the market confirms its breakout through the previous session's high having traded $7.98 above it intraday. Ending with a strong close near the high of the day sets a bullish note for the next session.

Daily chart for BZUN
Volatility

Thursday's trading range was $6.57 (13.83%), that's far above last trading month's daily average range of $2.43. Weekly volatility is also higher, being way above the markets average with the monthly volatility being above average.

Support/Resistance

Breaking through the key resistance level at 51.68 today, it is now likely to act as support going forward.

Trend

The trend is clearly bullish, showing an intact uptrend in the short, medium and long-term. The stock managed to break above the 50-day moving average at 47.02 today for the first time since April 30th.

Conclusion

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

Market Conditions for Baozun Inc.
Condition Forecast Direction Win Avg Worst Best Events
Down Close Near Low of Period TQ Pro Members Only
Bearish Outside Bar TQ Pro Members Only
Close to R1 Resistance TQ Pro Members Only
Closed below last periods low TQ Pro Members Only
Black Candle TQ Pro Members Only
More market conditions identified for TQ Pro members...
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Latest Report:

BZUN breaks key support level

Aug 14, 2018
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