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

INFO runs into sellers around 49.00 for the third day in a row

Technical Analysis Report for INFO - Apr 16, 2018 [1 min read]
INFO runs into sellers around 49.00 for the third day in a row
INFO closes below its opening price unable to hold early session gains
INFO unable to break through key resistance level
INFO rises to highest close since March 20th
INFO closes within previous day's range after lackluster session
TQ Sentiment
Technical Forecast:

INFO finished Monday at 48.79 gaining $0.27 (0.56%) on low volume. Today's closing price of 48.79 marks the highest close since March 20th. Trading $0.18 higher after the open, IHS Markit was unable to hold its gains as the bears took control ending the day below its opening price. Closing within the previous day's range, prices failed to decisively move beyond 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 INFO

Monday's trading range was $0.49 (1.0%), that's far below last trading month's daily average range of $1.04. Things look different on a weekly scale, where volatility is below the markets average with the monthly volatility being slightly below average.


Unable to break through the key technical resistance level at 48.91, the share closed below it after spiking as high as 49.00 during the day. The failure to close above the resistance might increase that levels importance as resistance going forward. The market ran into sellers again today around 49.00 for the third trading day in a row after having found sellers at 48.88 in the previous session and at 48.88 two days ago.


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

Order Flow

With prices trading close to this year's high at 50.00, upside momentum could speed up should the stock be able to break out to new highs for the year.


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

Report Market Conditions
Bounced off Technical Resistance R1 TQ Pro Members Only
High close to previous two Highs TQ Pro Members Only
Bearish Intraday Reversal TQ Pro Members Only
More market conditions identified for TQ Pro members...
Learn more about TQ Pro
Trending Assets

Upgrade your trading!

Get the stats behind the charts

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


Stocks Top Movers

ETHUSD 706.3763.66 9.90%
BTCUSD 9,656.35704.38 7.87%
NATGAS 2.8110.032 1.15%
GOLD 1,332.25.6 0.42%
GBPUSD 1.39770.0039 0.28%
DXY 90.540-0.165 -0.18%
NKY 22,215.32-62.80 -0.28%
TBOND 142.344-0.594 -0.42%
FTSE 7,379.32-46.08 -0.62%
HSI 30,327.77-308.47 -1.01%
Start your day with the facts moving the markets
By clicking "Subscribe", you agree to our terms and privacy policy.