ES closes within prior day's range after lackluster session

Eversource Energy (ES) Technical Analysis Report for Jul 13, 2018 | by Techniquant Editorial Team


ES finds buyers around 58.81 for the third day in a row
ES stuck within tight trading range
ES closes within previous day's range after lackluster session
ES ends the day indecisive


ES ended the week -1.94% lower at 59.14 after flat today. Closing within the previous day's range, prices failed to decisively move past the prior day's trading range in a lackluster session. Ending the day with an indecisive close, neither buyers nor sellers were able to gain control during the session.

Daily Candlestick Chart (ES as at Jul 13, 2018):

Daily technical analysis candlestick chart for Eversource Energy (ES) as at Jul 13, 2018

Friday's trading range was $0.67 (1.13%), that's below last trading month's daily average range of $0.90. Things look different on a weekly scale, where volatility is above the markets average with the monthly volatility being above average. Prices continued to consolidate within a tight trading range between 58.75 and 59.48 which it has been in now for the last three days.

Eversource Energy found buyers again today around 58.81 for the third trading day in a row after having found demand at 58.88 in the previous session and at 58.75 two days ago.

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

Market Conditions for ES as at Jul 13, 2018

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