EXPE climbs to highest close since February 8th


Expedia Inc. (EXPE) Technical Analysis Report for May 17, 2018 [1 min read]
Highlights
EXPE closes higher for the 2nd day in a row
EXPE runs into sellers again around 116.65
EXPE rises to highest close since February 8th
EXPE closes within previous day's range after lackluster session
TQ Sentiment
Report Sentiment: 0% Neutral
Technical Forecast:
Overview

Moving higher for the 2nd day in a row, EXPE finished Thursday at 115.67 gaining $0.08 (0.07%). Today's closing price of 115.67 marks the highest close since February 8th. Closing within the previous day's range, prices failed to decisively move beyond the prior day's trading range in a lackluster session.

Daily chart for EXPE
Volatility

Thursday's trading range was $1.91 (1.66%), that's below last trading month's daily average range of $2.61. Things look different on a weekly scale, where volatility is below the markets average with the monthly volatility being slightly 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 a key support level at 115.42. After having been unable to move above 116.68 in the prior session, the stock ran into sellers again around the same price level today, failing to move higher than 116.65.

Trend

Although still in a long-term downtrend, the short and medium-term trends both turned bullish already.

Order Flow

Buying could accelerate should prices move above the nearby swing high at 116.68 where further buy stops might get triggered. Selling could speed up should prices move below the close-by swing low at 113.06 where further sell stops might get activated. Further buying could move prices higher should the market test April's nearby high at 118.00.

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 Expedia Inc.
Condition Forecast Direction Win Avg Worst Best Events
Close to R1 Resistance TQ Pro Members Only
White Candle TQ Pro Members Only
Close to Swing High TQ Pro Members Only
Closed above last periods high TQ Pro Members Only
Bearish Hikkake Pattern TQ Pro Members Only
More market conditions identified for TQ Pro members...
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