GPN closes higher for the 5th day in a row

Global Payments Inc (GPN) Technical Analysis Report for Sep 14, 2018

Highlights

GPN closes higher for the 5th day in a row
GPN runs into sellers again around 129.20
GPN rises to highest close since Inception
GPN closes within previous day's range after lackluster session
GPN ends the day indecisive

TQ Sentiment

Report Sentiment: 25% Bearish
Technical Forecast:

Overview

Moving higher for the 5th day in a row, GPN finished the week 3.93% higher at 128.59 after edging higher $0.26 (0.2%) today on low volume. Today's closing price of 128.59 marks the highest close since Inception. Closing within the previous day's range, prices failed to decisively move beyond the prior 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 GPN

Volatility

Friday's trading range was $1.06 (0.82%), that's far below last trading month's daily average range of $1.61. Things look different on a weekly scale, where volatility is above the markets average with the monthly volatility being slightly above average.

Price Action

During the whole day, prices traded within the previous day's range, unable to trade above the prior day's high or below the previous day's low forming an Inside Bar.

Support/Resistance

Prices are trading close to the key resistance level at 129.25. After having been unable to move above 129.25 in the prior session, the stock ran into sellers again around the same price level today, failing to move higher than 129.20.

Trend

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

Order Flow

Buying might speed up should prices move above the nearby swing high at 129.25 where further buy stops could get triggered.

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 Global Payments Inc

Condition Forecast Direction Win Rate Exit Day Events
Close near low of period TQ Pro Members Only
Closed below last periods low TQ Pro Members Only
Strong Down Move TQ Pro Members Only
Down Close Near Low of Period TQ Pro Members Only
Bullish Hikkake Pattern TQ Pro Members Only
More market conditions identified for TQ Pro members...
Learn more about TQ Pro
Trending Assets

Upgrade your trading!

Get the stats behind the charts

Find out what happened when Global Payments 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

AAL 10 day candlestick chart for AAL 40.32 0.58 (1.46%)
AAXN 10 day candlestick chart for AAXN 68.67 -4.74 (-6.46%)
ACM 10 day candlestick chart for ACM 32.59 0.15 (0.46%)
ADP 10 day candlestick chart for ADP 147.04 -0.42 (-0.28%)
ADT 10 day candlestick chart for ADT 8.40 -0.16 (-1.87%)
AGCO 10 day candlestick chart for AGCO 59.10 0.61 (1.04%)
AIT 10 day candlestick chart for AIT 79.30 -0.35 (-0.44%)
AL 10 day candlestick chart for AL 45.53 -0.15 (-0.33%)
ALK 10 day candlestick chart for ALK 69.28 0.37 (0.54%)
ALLE 10 day candlestick chart for ALLE 88.89 1.07 (1.22%)
You have free reports remaining. Subscribe for unlimited access...SUBSCRIBELOGINGO!