FFIV ends the day indecisive
Moving higher for the 6th day in a row, FFIV ended Monday at 155.25 edging higher $0.19 (0.12%). Today's closing price of 155.25 marks the highest close since Inception. Closing within the previous day's range, prices failed to decisively move past the prior 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.
Monday's trading range was $2.32 (1.49%), that's far below last trading month's daily average range of $3.26. Things look different on a weekly scale, where volatility is way above the markets average with the monthly volatility being way above average.
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.
Prices are trading close to a key support level at 153.08. Prices are trading close to the key resistance level at 157.20.
The trend is clearly bullish, showing an intact uptrend in the short, medium and long-term.
Buying might accelerate should prices move above the close-by swing high at 157.20 where further buy stops could get activated.
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 F5 Networks
|Bearish Intraday Reversal||TQ Pro Members Only|
|Close to Swing Low||TQ Pro Members Only|
|Doji||TQ Pro Members Only|
|Close to S1 Support||TQ Pro Members Only|
|Southern Doji||TQ Pro Members Only|
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