HFC closes higher for the 2nd day in a row


Technical Analysis Report for HFC - May 17, 2018 [< 1 min read]
Highlights
HFC rallies 5.03% closing $3.47 higher
HFC dominated by bulls lifting the market higher throughout the day
HFC closes higher for the 2nd day in a row
HFC ends the day on a bullish note closing near the high of the day
HFC pushes through previous session high
TQ Sentiment
Technical Forecast:
Overview

Moving higher for the 2nd day in a row, HFC ended Thursday at 72.43 surging $3.47 (5.03%). This is the biggest single day gain in over two weeks. Today's closing price of 72.43 marks the highest close since Inception. The bulls were in full control today, moving the market higher throughout the whole session. Closing above Wednesday's high at 69.49, the stock confirms its breakout through the prior session's high having traded $3.29 above it intraday. Ending with a strong close near the high of the day sets a bullish note for the next session.

Daily chart for HFC
Volatility

Thursday's trading range was $3.20 (4.6%), that's far above last trading month's daily average range of $1.83. Weekly volatility is also higher, being above the markets average with the monthly volatility being slightly above average.

Trend

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

Conclusion

Both sentiments, the classical technical analysis and our quantitative statistics are in perfect alignment today showing a bullish sentiment for the next trading day.

Report Market Conditions
ConditionForecastDirectionWinAvgWorstBest
Closed above last periods high TQ Pro Members Only
2 Consecutive Higher Closes TQ Pro Members Only
Up Close near high of period TQ Pro Members Only
Strong Up Move TQ Pro Members Only
Decisive Up Move TQ Pro Members Only
More market conditions identified for TQ Pro members...
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