HII drops to lowest close since May 29th


Huntington Ingalls Industries (HII) Technical Analysis Report for Jun 14, 2018 [< 1 min read]
Highlights
HII closes lower for the 4th day in a row
HII runs into sellers again around 222.44
HII breaks below previous session low
HII falls to lowest close since May 29th
TQ Sentiment
Report Sentiment: 60% Bearish
Technical Forecast:
Overview

Moving lower for the 4th day in a row, HII finished Thursday at 219.95 edging lower $0.71 (-0.32%) on low volume. Today's closing price of 219.95 marks the lowest close since May 29th. Closing below Wednesday's low at 220.16, Huntington Ingalls confirms its breakout through the previous session's low having traded $1.34 below it intraday.

Daily chart for HII
Volatility

Thursday's trading range was $3.62 (1.63%), that's slightly below last trading month's daily average range of $3.87. Things look different on a weekly scale, where volatility is slightly above the markets average with the monthly volatility being way below average.

Support/Resistance

Prices are trading close to the key resistance level at 222.73. After having been unable to move above 222.82 in the prior session, the stock ran into sellers again around the same price level today, failing to move higher than 222.44.

Trend

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

Conclusion

While classical technical analysis indicates a slightly bearish sentiment for the next trading day, our quantitative statistics show a different picture being bullish.

Market Conditions for Huntington Ingalls Industries
Condition Forecast Direction Win Avg Worst Best Events
Low close to previous low TQ Pro Members Only
RSI(14) above 70 TQ Pro Members Only
2 Consecutive Higher Closes TQ Pro Members Only
Up Close near high of period TQ Pro Members Only
High close to previous High TQ Pro Members Only
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