CERN ends the day indecisive

Cerner (CERN) Technical Analysis Report for Sep 14, 2018

Highlights

CERN breaks below 20-day moving average
CERN runs into sellers again around 65.35
CERN closes within previous day's range
CERN ends the day indecisive

TQ Sentiment

Report Sentiment: 57% Bearish
Technical Forecast:

Overview

CERN ended the week 1.11% higher at 64.94 after losing $0.24 (-0.37%) today. Closing within the previous day's range, prices failed to decisively move past the prior 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 CERN

Volatility

Friday's trading range was $0.76 (1.17%), that's slightly below last trading month's daily average range of $0.99. Things look different on a weekly scale, where volatility is slightly above the markets average with the monthly volatility being below average.

Price Action

After moving higher in the previous session, Cerner closed lower but above the prior day's open today, forming a bearish Harami Candle.

Support/Resistance

Prices are trading close to the key resistance level at 65.49. After having been unable to move above 65.49 in the previous session, the share ran into sellers again around the same price level today, failing to move higher than 65.35.

Trend

Though the stock is currently in a short-term down trend, this could just be a correction, as the medium and long term trends are both positive. The market broke below the 20-day moving average at 65.00 today for the first time since August 30th.

Order Flow

Buying might speed up should prices move above the close-by swing high at 65.49 where further buy stops could get triggered.

Conclusion

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

Market Conditions for Cerner

Loading Market Conditions for $CERN (Cerner)...
Trending Assets

Upgrade your trading!

Get the stats behind the charts

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

Find out more
Top Market Movers

Related Stocks

AAPL 10 day candlestick chart for AAPL 217.66 -2.37 (-1.08%)
ACIA 10 day candlestick chart for ACIA 39.79 -0.43 (-1.07%)
ACN 10 day candlestick chart for ACN 174.19 0.06 (0.03%)
ADBE 10 day candlestick chart for ADBE 260.88 -5.46 (-2.05%)
ADI 10 day candlestick chart for ADI 94.56 -0.54 (-0.57%)
ADSK 10 day candlestick chart for ADSK 152.40 -0.83 (-0.54%)
AKAM 10 day candlestick chart for AKAM 73.50 -0.67 (-0.90%)
AMAT 10 day candlestick chart for AMAT 39.63 0.24 (0.61%)
AMD 10 day candlestick chart for AMD 31.02 -0.16 (-0.51%)
ANET 10 day candlestick chart for ANET 269.29 -3.76 (-1.38%)
You have free reports remaining. Subscribe for unlimited access...SUBSCRIBELOGINGO!