EFX finds buyers again around 127.10
Equifax Inc. (EFX) Technical Analysis Report for Aug 10, 2018 | by Techniquant Editorial Team
EFX finished the week 0.47% higher at 128.36 after losing $0.04 (-0.03%) today. Closing within the previous day's range, prices failed to decisively move past the prior day's trading range.
Daily Candlestick Chart (EFX as at Aug 10, 2018):
Friday's trading range was $1.67 (1.31%), that's slightly below last trading month's daily average range of $1.78. Things look different on a weekly scale, where volatility is way below the markets average with the monthly volatility being slightly above average. Prices continued to consolidate within a tight trading range between 126.92 and 129.05 which it has been in now for the last trading week.
Prices are trading close to a key support level at 128.13. After having been unable to move lower than 127.28 in the previous session, the share found buyers again around the same price level today at 127.10.
The trend is clearly bullish, showing an intact uptrend in the short, medium and long-term.
Buying could accelerate should prices move above the close-by swing high at 129.05 where further buy stops might get triggered. Selling could speed up should prices move below the nearby swing low at 126.92 where further sell stops might get activated. With prices trading close to this year's high at 129.31, upside momentum could accelerate should Equifax Inc. be able to break out to new highs for the year.