DVA dominated by bears dragging the market lower throughout the day


DaVita Inc. (DVA) Technical Analysis Report for Aug 10, 2018 [< 1 min read]
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
TQ Sentiment
Report Sentiment: 33% Bearish
Technical Forecast:
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 chart for DVA
Volatility

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.

Support/Resistance

Prices are trading close to a key support level at 71.42.

Trend

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

Order Flow

Selling might speed up should prices move below the close-by swing low at 71.32 where further sell stops could get activated.

Conclusion

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.
Condition Forecast Direction Win Avg Worst Best Events
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...
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