DVA dominated by bears dragging the market lower throughout the day


DaVita Inc. (DVA) Technical Analysis Report for Aug 10, 2018 | by Techniquant Editorial Team

Highlights

DVA dominated by bears dragging the market lower throughout the day
DVA closes lower for the 2nd day in a row
DVA breaks below previous session low
DVA falls to lowest close since August 1st

Overview

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.

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

Daily technical analysis candlestick chart for DaVita Inc. (DVA) as at Aug 10, 2018

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.


Market Conditions for DVA as at Aug 10, 2018

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DVA breaks below Thursday's low

Dec 14, 2018
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