ENDP snaps to lowest close since March 28, 2001
Moving lower for the 3rd day in a row, ENDP finished Monday at 5.46 losing $0.02 (-0.36%). Today's closing price of 5.46 marks the lowest close since March 28, 2001. Closing within the previous day's range, prices failed to decisively move beyond the prior day's trading range. Ending the day with an indecisive close, neither buyers nor sellers were able to gain control during the session.
Monday's trading range was $0.24 (4.39%), that's slightly below last trading month's daily average range of $0.30. Things look different on a weekly scale, where volatility is below the markets average with the monthly volatility being slightly below average.
After trading as low as 5.31 during the day, the market bounced off the key support level at 5.38. The failure to close below the support might increase that levels importance as support going forward.
The trend is clearly bearish, showing an intact downtrend in the short, medium and long-term.
With prices trading close to this year's low at 5.27, downside momentum could accelerate should the stock break out to new lows for the year.
While classical technical analysis indicates a neutral sentiment for the next trading day, our quantitative statistics show a different picture being bearish.
Market Conditions for Endo International
|High close to previous High||TQ Pro Members Only|
|High close to previous two Highs||TQ Pro Members Only|
|Bounced off Technical Resistance R1||TQ Pro Members Only|
|Close to R1 Resistance||TQ Pro Members Only|
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