EFX closes within previous day's range after lackluster session


Equifax Inc. (EFX) Technical Analysis Report for Apr 16, 2018 [1 min read]
Highlights
EFX runs into sellers again around 117.36
EFX closes within previous day's range after lackluster session
TQ Sentiment
Report Sentiment: 0% Neutral
Technical Forecast:
Overview

EFX finished Monday at 116.66 gaining $0.66 (0.57%) on low volume. Closing within the previous day's range, prices failed to decisively move beyond the prior day's trading range in a lackluster session.

Daily chart for EFX
Volatility

Monday's trading range was $1.05 (0.9%), that's far below last trading month's daily average range of $2.60. Things look different on a weekly scale, where volatility is way below the markets average with the monthly volatility being slightly below average.

Price Action

During the whole day, prices traded within the previous day's range, unable to trade above the prior day's high or below the previous day's low forming an Inside Bar.

Support/Resistance

Prices are trading close to a key support level at 115.63. After having been unable to move above 117.53 in the prior session, the market ran into sellers again around the same price level today, failing to move higher than 117.36.

Trend

The stock shows strength in the short-term supported by its long-term uptrend with only the medium-term trend being bearish.

Order Flow

Buying might accelerate should prices move above the nearby swing high at 118.60 where further buy stops could get triggered. Selling might speed up should prices move below the close-by swing low at 115.73 where further sell stops could get activated. As prices are trading close to April's high at 119.88, upside momentum might accelerate should the share mark new highs for the month. As prices are trading close to April's low at 113.62, downside momentum could speed up should Equifax Inc. mark new lows 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 Equifax Inc.
ConditionForecastDirectionWinAvgWorstBestEvents
Bearish Outside Bar TQ Pro Members Only
Bearish Bounce off SMA 20 TQ Pro Members Only
High close to previous two Highs TQ Pro Members Only
Bearish Spinning Top TQ Pro Members Only
More market conditions identified for TQ Pro members...
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Latest Report:

EFX stuck within tight trading range

Jul 19, 2018
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