MAY SALE: Save over 60% on our Pro Plans!

HRS ends the day indecisive


Technical Analysis Report for HRS - May 17, 2018 [< 1 min read]
Highlights
HRS closes lower for the 5th day in a row
HRS breaks below previous session low
HRS falls to lowest close since May 7th
HRS ends the day indecisive
TQ Sentiment
Technical Forecast:
Overview

Moving lower for the 5th day in a row, HRS ended Thursday at 152.84 losing $0.86 (-0.56%). Today's closing price of 152.84 marks the lowest close since May 7th. Closing below Wednesday's low at 153.62, the share confirms its breakout through the previous session's low having traded $1.65 below it intraday. Ending the day with an indecisive close, neither buyers nor sellers were able to gain control during the session.

Daily chart for HRS
Volatility

Thursday's trading range was $1.48 (0.97%), that's below last trading month's daily average range of $3.55. Things look different on a weekly scale, where volatility is way below the markets average with the monthly volatility being way above average.

Trend

Harris Corporation shows strength in the short-term supported by its long-term uptrend with only the medium-term trend being bearish.

Order Flow

Buying might accelerate should prices move above the nearby swing high at 155.80 where further buy stops could get triggered. As prices are trading close to May's high at 157.54, upside momentum might speed up should the stock mark new highs for the month.

Conclusion

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

Report Market Conditions
ConditionForecastDirectionWinAvgWorstBest
Closed below last periods low TQ Pro Members Only
5 Consecutive Lower Closes TQ Pro Members Only
Close to Swing High TQ Pro Members Only
More market conditions identified for TQ Pro members...
Learn more about TQ Pro
Latest Report:

HRS finds buyers at key support level

May 21, 2018
Trending Assets

Upgrade your trading!

Get the stats behind the charts

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

Signup

Stocks Top Movers

CRUDE 72.661.18 1.65%
INDU 25,013.29298.20 1.21%
FTSE 7,859.1780.37 1.03%
SPX 2,733.0120.04 0.74%
HSI 31,234.35186.44 0.60%
DXY 93.475-0.125 -0.13%
NATGAS 2.864-0.006 -0.21%
DAX 13,077.72-36.89 -0.28%
GBPUSD 1.3425-0.0043 -0.32%
BTCUSD 8,414.53-100.03 -1.17%
Start your day with the facts moving the markets
By clicking "Subscribe", you agree to our terms and privacy policy.

Related Stocks

ABBV 10 day candlestick chart for ABBV106.23 0.25
0.24%
ACN 10 day candlestick chart for ACN156.94 1.63
1.05%
ADBE 10 day candlestick chart for ADBE238.10 0.01
0.00%
AAP 10 day candlestick chart for AAP119.15 0.83
0.70%
AES 10 day candlestick chart for AES12.06 0.13
1.09%
AET 10 day candlestick chart for AET177.72 0.91
0.51%
AFL 10 day candlestick chart for AFL45.75 0.36
0.79%
AMG 10 day candlestick chart for AMG166.82 -0.89
-0.53%
A 10 day candlestick chart for A65.55 1.23
1.91%
ABT 10 day candlestick chart for ABT62.11 0.40
0.65%