FND finds buyers around 37.05 for the third day in a row


Floor & Decor Holdings Inc (FND) Technical Analysis Report for Aug 10, 2018 [< 1 min read]
Highlights
FND finds buyers around 37.05 for the third day in a row
FND still stuck within tight trading range
FND closes within previous day's range
TQ Sentiment
Report Sentiment: 0% Neutral
Technical Forecast:
Overview

FND ended the week 1.47% higher at 38.05 after losing $0.86 (-2.21%) today. Closing within the previous day's range, prices failed to decisively move past the prior day's trading range.

Daily chart for FND
Volatility

Friday's trading range was $1.94 (4.98%), that's slightly above last trading month's daily average range of $1.84. Things look different on a weekly scale, where volatility is below the markets average with the monthly volatility being exactly the same as average. Prices continued to consolidate within a tight trading range between 36.64 and 39.57 which it has been in now for the last trading week.

Support/Resistance

Prices are trading close to the key resistance level at 39.57. Floor & found buyers again today around 37.05 for the third trading day in a row after having found demand at 37.45 in the previous session and at 37.23 two days ago.

Trend

The trend is clearly bearish, showing an intact downtrend in the short, medium and long-term.

Order Flow

Buying could accelerate should prices move above the close-by swing high at 39.57 where further buy stops might get triggered. Selling could speed up should prices move below the nearby swing low at 36.26 where further sell stops might get activated.

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 Floor & Decor Holdings Inc
Condition Forecast Direction Win Avg Worst Best Events
Close to S1 Support TQ Pro Members Only
Price broke through Technical Resistance R1 TQ Pro Members Only
Low close to previous low TQ Pro Members Only
Close to Swing High TQ Pro Members Only
Close to Swing Low TQ Pro Members Only
More market conditions identified for TQ Pro members...
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Latest Report:

FND pushes through key resistance level

Aug 16, 2018
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