DKS closes within prior day's range


Dick's Sporting Goods Inc (DKS) Technical Analysis Report for Aug 10, 2018 [< 1 min read]
Highlights
DKS closes within previous day's range
DKS ends the day indecisive
TQ Sentiment
Report Sentiment: 25% Bullish
Technical Forecast:
Overview

DKS ended the week 3.04% higher at 34.55 after edging lower $0.10 (-0.29%) today on low volume. Closing within the prior day's range, prices failed to decisively move past the previous 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 DKS
Volatility

Friday's trading range was $0.99 (2.88%), that's slightly above last trading month's daily average range of $0.98. Things look different on a weekly scale, where volatility is slightly below the markets average with the monthly volatility being slightly below average.

Support/Resistance

Prices are trading close to a key support level at 33.90.

Trend

Dick's Sporting shows strength in the short-term supported by its long-term uptrend with only the medium-term trend being bearish.

Order Flow

Selling could speed up should prices move below the close-by swing low at 33.56 where further sell stops might get triggered. Further buying could move prices higher should the market test July's nearby high at 35.97. Further selling might move prices lower should the market test July's close-by low at 32.91.

Conclusion

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

Market Conditions for Dick's Sporting Goods Inc
Condition Forecast Direction Win Avg Worst Best Events
Close to R1 Resistance TQ Pro Members Only
White Candle TQ Pro Members Only
Close to S1 Support TQ Pro Members Only
Closed above last periods high TQ Pro Members Only
2 Consecutive Higher Closes TQ Pro Members Only
More market conditions identified for TQ Pro members...
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