DWDP breaks below previous session low


DowDuPont Inc. (DWDP) Technical Analysis Report for Sep 14, 2018 | by Techniquant Editorial Team

Highlights

DWDP breaks below 200-day moving average
DWDP closes lower for the 3rd day in a row
DWDP ends the day on a bearish note closing near the low of the day
DWDP breaks below previous session low
DWDP falls to lowest close since August 23rd

Overview

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.

Daily Candlestick Chart (DWDP as at Sep 14, 2018):

Daily technical analysis candlestick chart for DowDuPont Inc. (DWDP) as at Sep 14, 2018

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.


Market Conditions for DWDP as at Sep 14, 2018

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