EVHC pops to highest close since September 18, 2017

Envision Healthcare (EVHC) Technical Analysis Report for Sep 14, 2018

Highlights

EVHC runs into sellers around 45.63 for the third day in a row
EVHC rises to highest close since September 18, 2017
EVHC closes within previous day's range after lackluster session
EVHC ends the day indecisive

TQ Sentiment

Report Sentiment: 20% Bearish
Technical Forecast:

Overview

EVHC finished the week 0.42% higher at 45.58 after gaining $0.05 (0.11%) today on low volume. Today's closing price of 45.58 marks the highest close since September 18, 2017. Closing within the prior day's range, prices failed to decisively move past the previous 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 chart for EVHC

Volatility

Friday's trading range was $0.10 (0.22%), that's below last trading month's daily average range of $0.16. Things look different on a weekly scale, where volatility is slightly below the markets average with the monthly volatility being slightly below average.

Support/Resistance

The market ran into sellers again today around 45.63 for the third trading day in a row after having found sellers at 45.63 in the prior session and at 45.63 two days ago.

Trend

The trend is clearly bullish, showing an intact uptrend in the short, medium and long-term.

Order Flow

Selling could speed up should prices move below the close-by swing low at 45.42 where further sell stops might get triggered.

Conclusion

While classical technical analysis indicates a neutral sentiment for the next trading day, our quantitative statistics show a different picture being bullish.

Market Conditions for Envision Healthcare

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Latest Report:

EVHC finds buyers at key support level

Sep 21, 2018
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