EFX fails to close above 20-day moving average


Equifax Inc. (EFX) Technical Analysis Report for May 17, 2018 | by Techniquant Editorial Team

Highlights

EFX fails to close above 20-day moving average
EFX closes higher for the 3rd day in a row
EFX closes within previous day's range after lackluster session

Overview

Moving higher for the 3rd day in a row, EFX finished Thursday at 114.67 gaining $0.20 (0.17%). Closing within the prior day's range, prices failed to decisively move beyond the previous day's trading range in a lackluster session.

Daily Candlestick Chart (EFX as at May 17, 2018):

Daily technical analysis candlestick chart for Equifax Inc. (EFX) as at May 17, 2018

Thursday's trading range was $1.26 (1.1%), that's far below last trading month's daily average range of $1.96. Things look different on a weekly scale, where volatility is slightly below the markets average with the monthly volatility being slightly above average.

Prices are trading close to a key support level at 113.62. After spiking up to 115.37 during the day, the stock found resistance at the 20-day moving average at 114.74.

Though Equifax Inc. is experiencing a short-term up trend, this might just be a correction, as both the medium and long term trends are still in negative territory.

Buying could accelerate should prices move above the nearby swing high at 115.70 where further buy stops might get activated.


Market Conditions for EFX as at May 17, 2018

Loading Market Conditions for EFX (Equifax Inc.)...
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