FL closes within prior day's range after lackluster session

Foot Locker Inc (FL) Technical Analysis Report for Sep 14, 2018

Highlights

FL closes lower for the 4th day in a row
FL falls to lowest close since May 24th
FL closes within previous day's range after lackluster session

TQ Sentiment

Report Sentiment: 0% Neutral
Technical Forecast:

Overview

Moving lower for the 4th day in a row, FL finished the week -0.32% lower at 46.59 after losing $0.45 (-0.96%) today. Today's closing price of 46.59 marks the lowest close since May 24th. Closing within the prior day's range, prices failed to decisively move beyond the previous day's trading range in a lackluster session.

Daily chart for FL

Volatility

Friday's trading range was $1.22 (2.58%), that's below last trading month's daily average range of $1.56. Things look different on a weekly scale, where volatility is slightly below the markets average with the monthly volatility being slightly above average.

Support/Resistance

Prices are trading close to a key support level at 46.01. Prices are trading close to the key resistance level at 47.20.

Trend

While still in a long-term uptrend, the short and medium-term trends both turned bearish already.

Order Flow

Further selling could move prices lower should the market test August's close-by low at 46.01.

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 Foot Locker Inc

Loading Market Conditions for $FL (Foot Locker Inc)...
Trending Assets

Upgrade your trading!

Get the stats behind the charts

Find out what happened when Foot Locker Inc traded like this in the past. See the odds for each technical pattern with expected gain and loss.

Find out more
Top Market Movers

Related Stocks

AAP 10 day candlestick chart for AAP 168.44 -1.11 (-0.65%)
ADNT 10 day candlestick chart for ADNT 44.18 0.66 (1.52%)
ALSN 10 day candlestick chart for ALSN 53.44 0.46 (0.87%)
AMCX 10 day candlestick chart for AMCX 65.17 0.65 (1.01%)
AMZN 10 day candlestick chart for AMZN 1,915.01 -29.29 (-1.51%)
AN 10 day candlestick chart for AN 44.39 -0.08 (-0.18%)
APTV 10 day candlestick chart for APTV 90.27 0.50 (0.56%)
ARD 10 day candlestick chart for ARD 16.68 0.04 (0.24%)
ARMK 10 day candlestick chart for ARMK 42.97 -0.07 (-0.16%)
ATR 10 day candlestick chart for ATR 110.32 -0.17 (-0.15%)
You have free reports remaining. Subscribe for unlimited access...SUBSCRIBELOGINGO!