FTI closes within prior day's range after lackluster session
TechnipFMC plc (FTI) Technical Analysis Report for Aug 10, 2018 | by Techniquant Editorial Team
FTI ended the week -3.88% lower at 30.00 after edging higher $0.01 (0.03%) today. Closing within the prior day's range, prices failed to decisively move past the previous day's trading range in a lackluster session.
Daily Candlestick Chart (FTI as at Aug 10, 2018):
Friday's trading range was $0.35 (1.17%), that's far below last trading month's daily average range of $0.67. Things look different on a weekly scale, where volatility is slightly below the markets average with the monthly volatility being slightly above average.
Prices are trading close to a key support level at 29.66.
While still in a long-term uptrend, the short and medium-term trends both turned bearish already.
Further selling might move prices lower should the market test July's close-by low at 29.52.