DOV breaks below prior session low


Dover Corporation (DOV) Technical Analysis Report for Aug 10, 2018 | by Techniquant Editorial Team

Highlights

DOV closes lower for the 3rd day in a row
DOV breaks below previous session low
DOV falls to lowest close since August 1st

Overview

Moving lower for the 3rd day in a row, DOV ended the week -0.84% lower at 81.55 after losing $0.87 (-1.06%) today on low volume. Today's closing price of 81.55 marks the lowest close since August 1st. Closing below Thursday's low at 82.38, the market confirms its breakout through the previous session's low having traded $1.19 below it intraday.

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

Daily technical analysis candlestick chart for Dover Corporation (DOV) as at Aug 10, 2018

Friday's trading range was $1.13 (1.38%), that's below last trading month's daily average range of $1.56. Things look different on a weekly scale, where volatility is below the markets average with the monthly volatility being slightly above average.

While still in a long-term downtrend, the short and medium-term trends both turned bullish already.

Selling might speed up should prices move below the nearby swing low at 80.30 where further sell stops could get triggered.


Market Conditions for DOV as at Aug 10, 2018

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