EW closes within prior day's range


Edwards Lifesciences (EW) Technical Analysis Report for Jun 14, 2018 [< 1 min read]
Highlights
EW runs into sellers again around 153.50
EW closes within previous day's range
EW ends the day indecisive
TQ Sentiment
Report Sentiment: 33% Bearish
Technical Forecast:
Overview

EW finished Thursday at 151.56 losing $0.42 (-0.28%) on high volume. 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.

Daily chart for EW
Volatility

Thursday's trading range was $3.32 (2.18%), that's above last trading month's daily average range of $2.61. Weekly volatility is also higher, being way above the markets average with the monthly volatility being way above average.

Price Action

During the whole day, prices traded within the previous day's range, unable to trade above the prior day's high or below the previous day's low forming an Inside Bar.

Support/Resistance

Prices are trading close to the key resistance level at 153.66. After having been unable to move above 153.66 in the prior session, the share ran into sellers again around the same price level today, failing to move higher than 153.50.

Trend

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

Order Flow

Buying might accelerate should prices move above the nearby swing high at 153.66 where further buy stops could get activated.

Conclusion

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

Market Conditions for Edwards Lifesciences
Condition Forecast Direction Win Avg Worst Best Events
Close to R1 Resistance TQ Pro Members Only
4 Consecutive Higher Closes TQ Pro Members Only
Low close to previous low TQ Pro Members Only
Close to Swing High TQ Pro Members Only
Up Close near high of period TQ Pro Members Only
More market conditions identified for TQ Pro members...
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Latest Report:

EW finds buyers again around 137.93

Aug 17, 2018
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