EFX fails to close above 20-day moving average
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.
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.
While classical technical analysis indicates a neutral sentiment for the next trading day, our quantitative statistics show a different picture being very bearish.
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|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|
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