HFC runs into sellers again around 74.08

HollyFrontier Corporation (HFC) Technical Analysis Report for Jun 14, 2018 | by Techniquant Editorial Team


HFC runs into sellers again around 74.08
HFC closes within previous day's range after lackluster session
HFC ends the day indecisive


HFC finished Thursday at 72.96 edging lower $0.09 (-0.12%). Closing within the previous day's range, prices failed to decisively move past 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 Candlestick Chart (HFC as at Jun 14, 2018):

Daily technical analysis candlestick chart for HollyFrontier Corporation (HFC) as at Jun 14, 2018

Thursday's trading range was $2.16 (2.94%), that's below last trading month's daily average range of $2.84. Things look different on a weekly scale, where volatility is slightly below the markets average with the monthly volatility being below average.

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.

Prices are trading close to a key support level at 71.90. After having been unable to move above 74.12 in the prior session, Hollyfrontier Corp ran into sellers again around the same price level today, failing to move higher than 74.08.

While the market is currently in a short-term down trend, this could just be a correction, as the medium and long term trends are both positive.

Selling might accelerate should prices move below the close-by swing low at 70.83 where further sell stops could get activated.

Market Conditions for HFC as at Jun 14, 2018

Loading Market Conditions for HFC (HollyFrontier Corporation)...
Latest Report:

HFC breaks below Thursday's low

May 17, 2019
Trending Assets

Upgrade your trading!

Get the stats behind the charts

Find out what happened when HollyFrontier Corporation traded like this in the past. See the odds for each technical pattern with expected gain and loss.

Find out more
Top Movers
You have free reports remaining. Subscribe for unlimited access...SUBSCRIBELOGINGO!