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EFX fails to close above 20-day moving average


Technical Analysis Report for EFX - May 17, 2018 [< 1 min read]
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
TQ Sentiment
Technical Forecast:
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 chart for EFX
Volatility

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.

Support/Resistance

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.

Trend

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.

Order Flow

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

Conclusion

While classical technical analysis indicates a neutral sentiment for the next trading day, our quantitative statistics show a different picture being very bearish.

Report Market Conditions
ConditionForecastDirectionWinAvgWorstBest
Bearish Bounce off SMA 20 TQ Pro Members Only
Close to S1 Support TQ Pro Members Only
3 Consecutive Higher Closes TQ Pro Members Only
Close to Swing High TQ Pro Members Only
More market conditions identified for TQ Pro members...
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