DVA dominated by bears dragging the market lower throughout the day
Moving lower for the 2nd day in a row, DVA ended the week -3.7% lower at 71.79 after losing $0.86 (-1.18%) today. Today's closing price of 71.79 marks the lowest close since August 1st. The bears were in full control today, moving the market lower throughout the whole session. Closing below Thursday's low at 72.64, DaVita Inc. confirms its breakout through the previous session's low having traded $1.12 below it intraday.
Friday's trading range was $0.95 (1.31%), that's slightly below last trading month's daily average range of $1.23. Things look different on a weekly scale, where volatility is slightly above the markets average with the monthly volatility being slightly above average.
Prices are trading close to a key support level at 71.42.
The trend is clearly bullish, showing an intact uptrend in the short, medium and long-term.
Selling might speed up should prices move below the close-by swing low at 71.32 where further sell stops could get activated.
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 DaVita Inc.
|Close to R1 Resistance||TQ Pro Members Only|
|Close to S1 Support||TQ Pro Members Only|
|Close to Swing High||TQ Pro Members Only|
|Bullish Bounce off SMA 20||TQ Pro Members Only|
|Bounced off Technical Support S1||TQ Pro Members Only|
More market conditions identified for TQ Pro members...
Learn more about TQ Pro