EXPE closes within prior day's range
Expedia Group Inc. (EXPE) Technical Analysis Report for Sep 16, 2020 | by Techniquant Editorial Team
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):
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.