DWDP breaks below previous session low
DowDuPont (DWDP) Technical Analysis Report for Sep 14, 2018
Moving lower for the 3rd day in a row, DWDP finished the week -2.03% lower at 68.58 after losing $0.34 (-0.49%) today. Today's closing price of 68.58 marks the lowest close since August 23rd. Closing below Thursday's low at 68.82, the stock confirms its breakout through the prior session's low having traded $0.40 below it intraday. Ending with a weak close near the low of the day sets a bearish note for the next session.
Friday's trading range was $1.13 (1.63%), that's slightly above last trading month's daily average range of $1.12. Things look different on a weekly scale, where volatility is slightly below the markets average with the monthly volatility being slightly below average.
Prices are trading close to a key support level at 67.84. Prices are trading close to the key resistance level at 69.24.
Although the share is currently in a short-term down trend, this could just be a correction, as the medium and long term trends are both positive. DowDuPont broke below the 200-day moving average at 68.78 today for the first time since June 13th.
While classical technical analysis indicates a slightly bearish sentiment for the next trading day, our quantitative statistics show a different picture being bullish.
Market Conditions for DowDuPont
|Condition||Forecast||Direction||Direction||Win Rate||Win Rate||Exit Day||Exit Day||Events|
|Bullish Outside Bar||TQ Pro Members Only|
|Bearish Bounce off SMA 20||TQ Pro Members Only|
|Bullish Break through SMA 200||TQ Pro Members Only|
|Low close to previous low||TQ Pro Members Only|
|Bounced off Technical Resistance R1||TQ Pro Members Only|
More market conditions identified for TQ Pro members...
Learn more about TQ Pro
Top Market Movers