HCA closes within prior day's range
HCA Healthcare Inc. (HCA) Technical Analysis Report for Feb 14, 2020 | by Techniquant Editorial Team
HCA finished the week 2.49% higher at 149.57 after losing $1.31 (-0.87%) today, notably underperforming the S&P 500 (0.18%) ahead of tomorrow's Presidents' Day market holiday. Closing within the previous day's range, prices missed to decisively move beyond the prior day's trading range.
Daily Candlestick Chart (HCA as at Feb 14, 2020):
Friday's trading range has been $3.08 (2.04%), that's slightly above the last trading month's daily average range of $3.07. Things look different on the weekly timeframe, where the market's trading range of the last week has been slightly below the market's average weekly trading range. The longer-term, monthly volatility is currently higher than usual for HCA.
Prices are trading close to the key technical resistance level at 151.93 (R1).
The trend is clearly bullish, showing an intact uptrend in the short, medium and long-term.
Buying could accelerate should prices move above the nearby swing high at 151.97 where further buy stops might get triggered.