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
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):
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.