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FFIV ends the day indecisive


Technical Analysis Report for FFIV - Apr 16, 2018 [< 1 min read]
Highlights
FFIV closes higher for the 6th day in a row
FFIV rises to highest close since Inception
FFIV closes within previous day's range after lackluster session
FFIV ends the day indecisive
TQ Sentiment
Technical Forecast:
Overview

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.

Daily chart for FFIV
Volatility

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.

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 153.08. Prices are trading close to the key resistance level at 157.20.

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 close-by swing high at 157.20 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.

Report Market Conditions
ConditionForecastDirectionWinAvgWorstBest
Close to R1 Resistance TQ Pro Members Only
Close to S1 Support TQ Pro Members Only
6 Consecutive Higher Closes TQ Pro Members Only
Close to Swing High TQ Pro Members Only
More market conditions identified for TQ Pro members...
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