DWDP breaks below previous session low

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


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


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

Loading Market Conditions for DWDP (DowDuPont Inc.)...
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