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ESV pops to highest close since February 6th


Technical Analysis Report for ESV - Apr 16, 2018 [< 1 min read]
Highlights
ESV pushes through 100-day moving average
ESV closes higher for the 6th day in a row
ESV pushes through previous session high
ESV rises to highest close since February 6th
TQ Sentiment
Technical Forecast:
Overview

Moving higher for the 6th day in a row, ESV ended Monday at 5.52 gaining $0.09 (1.66%). Today's closing price of 5.52 marks the highest close since February 6th. Closing above Friday's high at 5.48, the share confirms its breakout through the prior session's high having traded $0.18 above it intraday.

Daily chart for ESV
Volatility

Monday's trading range was $0.33 (6.11%), that's above last trading month's daily average range of $0.27. Weekly volatility is also higher, being way above the markets average with the monthly volatility being above average.

Price Action

Regardless of a weak opening the market managed to close above the previous day's open and close, forming a bullish Engulfing Candle.

Support/Resistance

Prices are trading close to a key support level at 5.41.

Trend

Ensco plc shows strength in the short-term supported by its long-term uptrend with only the medium-term trend being bearish. The stock managed to break above the 100-day moving average at 5.44 today for the first time since December 20, 2017.

Conclusion

Both sentiments, the classical technical analysis and our quantitative statistics are in perfect alignment today showing a bullish sentiment for the next trading day.

Report Market Conditions
ConditionForecastDirectionWinAvgWorstBest
Bullish Break through SMA 100 TQ Pro Members Only
Closed above last periods high TQ Pro Members Only
Close to S1 Support TQ Pro Members Only
6 Consecutive Higher Closes TQ Pro Members Only
Bullish Engulfing Candle TQ Pro Members Only
More market conditions identified for TQ Pro members...
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Latest Report:

ESV breaks below previous session low

Apr 25, 2018
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