GSKY closes lower for the 2nd day in a row
GreenSky Inc. (GSKY) Technical Analysis Report for Jan 24, 2020 | by Techniquant Editorial Team
Moving lower for the 2nd day in a row, GSKY ended the week 0.67% higher at 9.04 after losing $0.11 (-1.2%) today, slightly underperforming the S&P 500 (-0.9%). Closing within the prior day's range, prices missed to decisively move beyond the previous day's trading range.
Daily Candlestick Chart (GSKY as at Jan 24, 2020):
Friday's trading range has been $0.38 (4.15%), that's slightly below the last trading month's daily average range of $0.40. Things look different on the weekly timeframe, where the market's trading range of the last week has been slightly above the market's average weekly trading range. The longer-term, monthly volatility is currently slightly lower than usual for GSKY.
One bullish candlestick pattern matches today's price action, the Bullish Hikkake Pattern. The last time a Bullish Hikkake Pattern showed up on December 10, 2019, GSKY actually lost -1.59% on the following trading day.
Prices are trading close to the key technical resistance level at 9.29 (R1).
The trend is clearly bullish, showing an intact uptrend in the short, medium and long-term.