ETFC ends the day indecisive
E*Trade (ETFC) Technical Analysis Report for Sep 14, 2018
ETFC ended the week -2.33% lower at 53.71 after gaining $0.20 (0.37%) today. Closing within the prior day's range, prices failed to decisively move past the previous day's trading range. Ending the day with an indecisive close, neither buyers nor sellers were able to gain control during the session.
Friday's trading range was $0.92 (1.72%), that's slightly below last trading month's daily average range of $1.11. Things look different on a weekly scale, where volatility is below the markets average with the monthly volatility being way above average.
Prices are trading close to a key support level at 53.02.
The trend is clearly bearish, showing an intact downtrend in the short, medium and long-term.
Selling might speed up should prices move below the nearby swing low at 53.02 where further sell stops could get activated.
While classical technical analysis indicates a neutral sentiment for the next trading day, our quantitative statistics show a different picture being bullish.
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