FRT ends the day indecisive


Federal Realty Investment Trust (FRT) Technical Analysis Report for May 17, 2018 [< 1 min read]
Highlights
FRT closes below its opening price unable to hold early session gains
FRT unable to break through key resistance level
FRT closes within previous day's range after lackluster session
FRT ends the day indecisive
TQ Sentiment
Report Sentiment: 50% Bearish
Technical Forecast:
Overview

FRT finished Thursday at 114.21 edging higher $0.12 (0.11%). Trading $0.61 higher after the open, the market was unable to hold its gains as the bears took control ending the day below its opening price. Closing within the prior day's range, prices failed to decisively move beyond the previous 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 FRT
Volatility

Thursday's trading range was $1.67 (1.46%), that's below last trading month's daily average range of $2.04. Things look different on a weekly scale, where volatility is above the markets average with the monthly volatility being slightly above average.

Support/Resistance

Unable to break through the key technical resistance level at 114.43, the stock closed below it after spiking as high as 114.92 during the day. The failure to close above the resistance might increase that levels importance as resistance going forward.

Trend

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

Order Flow

Further selling could move prices lower should the market test April's nearby low at 110.66.

Conclusion

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 Federal Realty Investment Trust
Condition Forecast Direction Win Avg Worst Best Events
Close to R1 Resistance TQ Pro Members Only
Decisive Up Move TQ Pro Members Only
White Candle TQ Pro Members Only
Low close to previous two Lows TQ Pro Members Only
Low close to previous low TQ Pro Members Only
More market conditions identified for TQ Pro members...
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