INFO breaks below previous session low
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.
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.
While classical technical analysis indicates a bearish sentiment for the next trading day, our quantitative statistics show a different picture being bullish.
Market Conditions for IHS Markit Ltd.
|Close to Swing High||TQ Pro Members Only|
|Bullish Bounce off SMA 20||TQ Pro Members Only|
|High close to previous High||TQ Pro Members Only|
|Bearish Spinning Top||TQ Pro Members Only|
|Close to Swing Low||TQ Pro Members Only|
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