DLPH ends the day on a bearish note closing near the low of the day


Delphi Automotive (DLPH) Technical Analysis Report for Aug 10, 2018 | by Techniquant Editorial Team

Highlights

DLPH closes below its opening price unable to hold early session gains
DLPH unable to break through key resistance level
DLPH closes lower for the 3rd day in a row
DLPH ends the day on a bearish note closing near the low of the day
DLPH breaks below previous session low

Overview

Moving lower for the 3rd day in a row, DLPH finished the week -8.72% lower at 40.91 after losing $0.82 (-1.97%) today. Today's closing price of 40.91 marks the lowest close since February 26, 2013. Trading $0.26 higher after the open, the market was unable to hold its gains as the bears took control ending the day below its opening price. Closing below Thursday's low at 41.36, the stock confirms its breakout through the prior session's low having traded $0.59 below it intraday. Ending with a weak close near the low of the day sets a bearish note for the next session.

Daily Candlestick Chart (DLPH as at Aug 10, 2018):

Daily technical analysis candlestick chart for Delphi Automotive (DLPH) as at Aug 10, 2018

Friday's trading range was $0.73 (1.77%), that's below last trading month's daily average range of $1.31. Things look different on a weekly scale, where volatility is way above the markets average with the monthly volatility being slightly above average.

Unable to break through the key technical resistance level at 41.34, the share closed below it after spiking as high as 41.50 during the day. The failure to close above the resistance might increase that levels importance as resistance going forward.

The trend is clearly bearish, showing an intact downtrend in the short, medium and long-term.


Market Conditions for DLPH as at Aug 10, 2018

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