GPN breaks below prior session low
GPN ended Thursday at 117.75 losing $0.73 (-0.62%). Trading $0.86 higher after the open, the share was unable to hold its gains as the bears took control ending the day below its opening price. Closing below Wednesday's low at 118.19, the stock confirms its breakout through the prior session's low having traded $0.49 below it intraday. Ending with a weak close near the low of the day sets a bearish note for the next session.
Thursday's trading range was $1.99 (1.67%), that's slightly below last trading month's daily average range of $2.01. Things look different on a weekly scale, where volatility is slightly above the markets average with the monthly volatility being above average.
In a volatile session, prices traded above the previous day's high as well as below the prior day's low, forming a bearish Outside Bar.
Prices are trading close to the key resistance level at 118.50. Global Payments ran into sellers again today around 119.69 for the third trading day in a row after having found sellers at 119.65 in the previous session and at 119.35 two days ago.
The trend is clearly bullish, showing an intact uptrend in the short, medium and long-term.
Even though both sentiments are bearish for the next trading day, our quantitative statistics are only bearish while the classical technical analysis metrics show a very bearish sentiment.
Market Conditions for Global Payments Inc
|4 Consecutive Lower Closes||TQ Pro Members Only|
|Close to S1 Support||TQ Pro Members Only|
|Low close to previous low||TQ Pro Members Only|
|Bullish Spinning Top||TQ Pro Members Only|
|Bullish Intraday Reversal||TQ Pro Members Only|
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