DAI.DE runs into sellers again around 57.67


Daimler AG (DAI.DE) Technical Analysis Report for Jul 13, 2018 [1 min read]
Highlights
DAI.DE closes below its opening price unable to hold early session gains
DAI.DE unable to break through key resistance level
DAI.DE fails to close above 20-day moving average
DAI.DE runs into sellers again around 57.67
DAI.DE closes within previous day's range after lackluster session
TQ Sentiment
Report Sentiment: 50% Bearish
Technical Forecast:
Overview

DAI.DE ended the week -1.36% lower at 57.25 after gaining €0.09 (0.16%) today on low volume. Trading €0.26 higher after the open, the stock was unable to hold its gains as the bears took control ending the day below its opening price. Closing within the prior day's range, prices failed to decisively move beyond the previous day's trading range in a lackluster session. Ending the day with an indecisive close, neither buyers nor sellers were able to gain control during the session.

Daily chart for DAI.DE
Volatility

Friday's trading range was €0.52 (0.91%), that's far below last trading month's daily average range of €1.11. Things look different on a weekly scale, where volatility is way below the markets average with the monthly volatility being below average.

Support/Resistance

Unable to break through the key technical resistance level at 57.54, Daimler closed below it after spiking as high as 57.67 during the day. The failure to close above the resistance could increase that levels importance as resistance going forward. After having been unable to move above 57.65 in the prior session, the market ran into sellers again around the same price level today, failing to move higher than 57.67. After spiking up to 57.67 during the day, the share found resistance at the 20-day moving average at 57.44.

Trend

Though DAI.DE is experiencing a short-term up trend, this might just be a correction, as both the medium and long term trends are still in negative territory.

Order Flow

Buying could speed up should prices move above the nearby swing high at 58.49 where further buy stops might get activated. Selling could accelerate should prices move below the close-by swing low at 56.69 where further sell stops might get triggered. With prices trading close to this year's low at 54.78, downside momentum could speed up should the stock break out to new lows for the year.

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 Daimler AG
ConditionForecastDirectionWinAvgWorstBestEvents
Close to Swing Low TQ Pro Members Only
Black Candle TQ Pro Members Only
Bullish Bounce off SMA 20 TQ Pro Members Only
Closed below last periods low TQ Pro Members Only
Bearish Belt-hold TQ Pro Members Only
More market conditions identified for TQ Pro members...
Learn more about TQ Pro
Latest Report:

DAI.DE breaks key support level

Jul 20, 2018
Trending Assets

Upgrade your trading!

Get the stats behind the charts

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

Signup

Stocks Top Movers

GBPUSD 1.31350.0120 0.92%
GOLD 1,231.99.4 0.77%
HSI 28,224.48213.62 0.76%
EURUSD 1.17230.0081 0.70%
ASX 6,285.9023.20 0.37%
INDU 25,058.12-6.38 -0.03%
NDX 7,350.23-2.13 -0.03%
FTSE 7,678.79-5.21 -0.07%
NATGAS 2.733-0.002 -0.07%
SPX 2,801.83-2.66 -0.09%
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 ABBV88.91 -1.04
-1.16%
ACN 10 day candlestick chart for ACN166.52 -0.37
-0.22%
ADBE 10 day candlestick chart for ADBE257.54 -0.14
-0.05%
AAP 10 day candlestick chart for AAP142.67 -0.70
-0.49%
AES 10 day candlestick chart for AES13.03 0.00
0.00%
AET 10 day candlestick chart for AET187.22 -2.82
-1.48%
AFL 10 day candlestick chart for AFL43.06 0.17
0.40%
AMG 10 day candlestick chart for AMG148.84 -0.47
-0.31%
A 10 day candlestick chart for A63.85 -0.30
-0.47%
ABT 10 day candlestick chart for ABT63.32 -0.46
-0.72%