CTL dominated by bulls lifting the market higher throughout the day


CenturyLink Inc (CTL) Technical Analysis Report for Aug 10, 2018 [< 1 min read]
Highlights
CTL dominated by bulls lifting the market higher throughout the day
CTL closes higher for the 2nd day in a row
CTL pushes through previous session high
CTL rises to highest close since August 14, 2017
TQ Sentiment
Report Sentiment: 50% Bullish
Technical Forecast:
Overview

Moving higher for the 2nd day in a row, CTL finished the week 13.54% higher at 21.38 after gaining $0.41 (1.96%) today on high volume. Today's closing price of 21.38 marks the highest close since August 14, 2017. The bulls were in full control today, moving the market higher throughout the whole session. Closing above Thursday's high at 21.12, the share confirms its breakout through the prior session's high having traded $0.50 above it intraday.

Daily chart for CTL
Volatility

Friday's trading range was $0.81 (3.89%), that's far above last trading month's daily average range of $0.46. Weekly volatility is also higher, being way above the markets average with the monthly volatility being way above average.

Trend

The trend is clearly bullish, showing an intact uptrend 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 bearish.

Market Conditions for CenturyLink Inc
Condition Forecast Direction Win Avg Worst Best Events
Decisive Up Move TQ Pro Members Only
White Candle TQ Pro Members Only
6 Consecutive Higher Closes TQ Pro Members Only
Closed above last periods high TQ Pro Members Only
Up Close near high of period TQ Pro Members Only
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