DKS closes within prior day's range
Dick's Sporting Goods Inc (DKS) Technical Analysis Report for Aug 10, 2018 | by Techniquant Editorial Team
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 Candlestick Chart (DKS as at Aug 10, 2018):
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.
Prices are trading close to a key support level at 33.90.
Dick's Sporting shows strength in the short-term supported by its long-term uptrend with only the medium-term trend being bearish.
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.