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

CELG breaks key support level


Technical Analysis Report for CELG - May 17, 2018 [< 1 min read]
Highlights
CELG breaks key support level
CELG closes lower for the 3rd day in a row
CELG breaks below previous session low
CELG falls to lowest close since June 17, 2014
TQ Sentiment
Technical Forecast:
Overview

Moving lower for the 3rd day in a row, CELG ended Thursday at 79.98 losing $1.38 (-1.7%). Today's closing price of 79.98 marks the lowest close since June 17, 2014. Closing below Wednesday's low at 81.18, the share confirms its breakout through the prior session's low having traded $2.02 below it intraday.

Daily chart for CELG
Volatility

Thursday's trading range was $2.06 (2.54%), that's slightly below last trading month's daily average range of $2.40. Things look different on a weekly scale, where volatility is above the markets average with the monthly volatility being slightly above average.

Support/Resistance

Breaking below the key support level at 81.05 today, it is now likely to act as resistance going forward.

Trend

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

Conclusion

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

Report Market Conditions
ConditionForecastDirectionWinAvgWorstBest
Price broke through Technical Support S1 TQ Pro Members Only
Closed below last periods low TQ Pro Members Only
3 Consecutive Lower Closes 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 Celgene Corp. 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%