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HRS ends the day on a bullish note closing near the high of the day


Technical Analysis Report for HRS - Apr 16, 2018 [< 1 min read]
Highlights
HRS rallies 2.16% on low volume
HRS pushes through key resistance level
HRS ends the day on a bullish note closing near the high of the day
HRS pushes through previous session high
HRS rises to highest close since Inception
TQ Sentiment
Technical Forecast:
Overview

HRS ended Monday at 165.18 surging $3.49 (2.16%) on low volume. This is the biggest single day gain in over three weeks. Today's closing price of 165.18 marks the highest close since Inception. Closing above Friday's high at 163.51, the stock confirms its breakout through the prior session's high having traded $1.92 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 HRS
Volatility

Monday's trading range was $3.09 (1.89%), that's slightly below last trading month's daily average range of $3.46. Things look different on a weekly scale, where volatility is below the markets average with the monthly volatility being slightly below average.

Support/Resistance

Breaking through the key resistance level at 163.93 today, it is now likely to act as support going forward.

Trend

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

Conclusion

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

Report Market Conditions
ConditionForecastDirectionWinAvgWorstBest
Price broke through Technical Resistance R1 TQ Pro Members Only
Closed above last periods high TQ Pro Members Only
Up Close near high of period TQ Pro Members Only
Strong Up Move TQ Pro Members Only
More market conditions identified for TQ Pro members...
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HRS breaks below 20-day moving average

Apr 25, 2018
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