CRL closes within previous day's range
Charles River Laboratories International Inc. (CRL) Technical Analysis Report for Sep 16, 2020 | by Techniquant Editorial Team
CRL finished Wednesday at 221.98 losing $3.32 (-1.47%), notably underperforming the S&P 500 (-0.46%). Closing within the previous day's range, prices missed to decisively move beyond the prior day's trading range.
Daily Candlestick Chart (CRL as at Sep 16, 2020):
Wednesday's trading range has been $7.07 (3.12%), that's slightly above the last trading month's daily average range of $5.51. Weekly volatility is also higher, being slightly above the market's average weekly trading range. The longer-term, monthly volatility is currently higher than usual for CRL.
One bearish candlestick pattern matches today's price action, the Black Candle. The last time a Black Candle showed up on September 3rd, CRL lost -1.57% on the following trading day.
Prices are trading close to the key technical support level at 219.58 (S1).
The trend is clearly bullish, showing an intact uptrend in the short, medium and long-term.