INFO breaks below previous session low
IHS Markit Ltd. (INFO) Technical Analysis Report for May 17, 2018 | by Techniquant Editorial Team
Moving lower for the 4th day in a row, INFO ended Thursday at 51.33 losing $0.30 (-0.58%) on low volume. Today's closing price of 51.33 marks the lowest close since May 9th. Closing below Wednesday's low at 51.37, the stock confirms its breakout through the previous session's low having traded $0.30 below it intraday.
Daily Candlestick Chart (INFO as at May 17, 2018):
Thursday's trading range was $0.74 (1.43%), that's slightly below last trading month's daily average range of $0.88. Things look different on a weekly scale, where volatility is above the markets average with the monthly volatility being way above average.
In a volatile session, prices traded above the prior day's high as well as below the previous day's low, forming a bearish Outside Bar. Even with a strong opening the market closed below the prior day's open and close, forming a bearish Engulfing Candle.
The share ran into sellers again today around 51.81 for the third trading day in a row after having found sellers at 51.77 in the previous session and at 51.92 two days ago.
The trend is clearly bullish, showing an intact uptrend in the short, medium and long-term.