HOLX runs into sellers again around 42.14

Hologic (HOLX) Technical Analysis Report for Jul 13, 2018

Highlights

HOLX closes higher for the 7th day in a row
HOLX runs into sellers again around 42.14
HOLX rises to highest close since February 2nd
HOLX closes within previous day's range after lackluster session
HOLX ends the day indecisive

TQ Sentiment

Report Sentiment:
25% Bearish
Technical Forecast:
TQ Pro Only
See the overall Technical Analysis forecast for today.

Overview

Moving higher for the 7th day in a row, HOLX finished the week 2.24% higher at 42.01 after gaining $0.06 (0.14%) today. Today's closing price of 42.01 marks the highest close since February 2nd. 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 chart for HOLX

Volatility

Friday's trading range was $0.27 (0.64%), that's far below last trading month's daily average range of $0.73. Things look different on a weekly scale, where volatility is below the markets average with the monthly volatility being slightly above average.

Price Action

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.

Support/Resistance

Prices are trading close to the key resistance level at 42.21. After having been unable to move above 42.21 in the prior session, the share ran into sellers again around the same price level today, failing to move higher than 42.14.

Trend

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

Order Flow

Buying might speed up should prices move above the nearby swing high at 42.21 where further buy stops could get activated.

Conclusion

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

Market Conditions for Hologic

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