CTRP closes lower for the 4th day in a row

Ctrip.com International Ltd. (CTRP) Technical Analysis Report for Apr 16, 2018

Highlights

CTRP breaks key support level
CTRP dominated by bears dragging the market lower throughout the day
CTRP closes lower for the 4th day in a row
CTRP ends the day on a bearish note closing near the low of the day
CTRP breaks below previous session low

TQ Sentiment

Report Sentiment: 66% Bearish
Technical Forecast:

Overview

Moving lower for the 4th day in a row, CTRP ended Monday at 42.64 tanking $1.27 (-2.89%). Today's closing price of 42.64 marks the lowest close since January 6, 2017. The bears were in full control today, moving the market lower throughout the whole session. Closing below Friday's low at 43.53, the market confirms its breakout through the previous session's low having traded $1.17 below it intraday. Ending with a weak close near the low of the day sets a bearish note for the next session.

Daily chart for CTRP

Volatility

Monday's trading range was $1.61 (3.67%), that's slightly above last trading month's daily average range of $1.43. Weekly volatility is also higher, being way above the markets average with the monthly volatility being above average.

Support/Resistance

Breaking below the key support level at 43.02 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.

Order Flow

2,017's low at 40.40 is within reach and we might see further downside momentum should the stock break out past.

Conclusion

Both sentiments, the classical technical analysis and our quantitative statistics are in perfect alignment today showing a bearish sentiment for the next trading day.

Market Conditions for Ctrip.com International Ltd.

Loading Market Conditions for $CTRP (Ctrip.com International Ltd.)...
Latest Report:

CTRP finds buyers again around 37.06

Sep 18, 2018
Trending Assets

Upgrade your trading!

Get the stats behind the charts

Find out what happened when Ctrip.com International Ltd. 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

AAP 10 day candlestick chart for AAP 169.60 1.95 (1.16%)
ADNT 10 day candlestick chart for ADNT 42.67 1.25 (3.02%)
ALSN 10 day candlestick chart for ALSN 51.90 -0.21 (-0.40%)
AMCX 10 day candlestick chart for AMCX 64.16 0.35 (0.55%)
AN 10 day candlestick chart for AN 43.91 0.82 (1.90%)
APTV 10 day candlestick chart for APTV 87.30 1.29 (1.50%)
ARD 10 day candlestick chart for ARD 16.60 -0.06 (-0.36%)
ARMK 10 day candlestick chart for ARMK 42.85 0.04 (0.09%)
ATR 10 day candlestick chart for ATR 111.13 -0.46 (-0.41%)
You have free reports remaining. Subscribe for unlimited access...SUBSCRIBELOGINGO!