DVA closes higher for the 2nd day in a row


DaVita Inc. (DVA) Technical Analysis Report for May 17, 2018 [< 1 min read]
Highlights
DVA closes higher for the 2nd day in a row
DVA pushes through previous session high
DVA rises to highest close since March 19th
TQ Sentiment
Report Sentiment: 33% Bullish
Technical Forecast:
Overview

Moving higher for the 2nd day in a row, DVA ended Thursday at 67.58 gaining $0.75 (1.12%). Today's closing price of 67.58 marks the highest close since March 19th. Closing above Wednesday's high at 67.18, the stock confirms its breakout through the previous session's high having traded $0.96 above it intraday.

Daily chart for DVA
Volatility

Thursday's trading range was $1.57 (2.35%), that's slightly above last trading month's daily average range of $1.49. Things look different on a weekly scale, where volatility is slightly below the markets average with the monthly volatility being slightly above average.

Trend

Although DaVita Inc. is experiencing a short-term up trend, this might just be a correction, as both the medium and long term trends are still in negative territory.

Order Flow

As prices are trading close to May's high at 68.69, upside momentum could speed up should the market mark new highs for the month.

Conclusion

While classical technical analysis indicates a neutral sentiment for the next trading day, our quantitative statistics show a different picture being very bearish.

Market Conditions for DaVita Inc.
Condition Forecast Direction Win Avg Worst Best Events
Close to R1 Resistance TQ Pro Members Only
White Candle TQ Pro Members Only
Close to Swing High TQ Pro Members Only
Closed above last periods high TQ Pro Members Only
2 Consecutive Higher Closes TQ Pro Members Only
More market conditions identified for TQ Pro members...
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