EXPE closes within prior day's range

Expedia Group Inc. (EXPE) Technical Analysis Report for Sep 16, 2020 | by Techniquant Editorial Team


EXPE closes higher for the 3rd day in a row
EXPE closes within previous day's range


Moving higher for the 3rd day in a row, EXPE finished Wednesday at 99.03 gaining $1.63 (1.67%), strongly outperforming the Nasdaq 100 (-1.67%). Closing within the prior day's range, prices failed to decisively move beyond the previous day's trading range.

Daily Candlestick Chart (EXPE as at Sep 16, 2020):

Daily technical analysis candlestick chart for Expedia Group Inc. (EXPE) as at Sep 16, 2020

Wednesday's trading range has been $4.11 (4.2%), that's above the last trading month's daily average range of $3.36. Weekly volatility is also higher, being slightly above the market's average weekly trading range. The longer-term, monthly volatility is currently slightly lower than usual for EXPE.

Prices are trading close to the key technical support level at 96.69 (S1). Prices are trading close to the key technical resistance level at 101.45 (R1).

Though the market is currently in a short-term downtrend, this could just be a correction, as both the medium and long-term trends are still bullish.

As prices are trading close to September's high at 104.05, upside momentum might accelerate should the share mark new highs for the month.

Market Conditions for EXPE as at Sep 16, 2020

Loading Market Conditions for EXPE (Expedia Group Inc.)...
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