INTU closes below its opening price unable to hold early session gains

Intuit Inc. (INTU) Technical Analysis Report for Sep 14, 2018

Highlights

INTU closes below its opening price unable to hold early session gains
INTU closes within previous day's range

TQ Sentiment

Report Sentiment: 50% Bearish
Technical Forecast:

Overview

INTU finished the week 3.28% higher at 227.54 after edging lower $0.24 (-0.11%) today. Trading $1.13 higher after the open, the market was unable to hold its gains as the bears took control ending the day below its opening price. Closing within the prior day's range, prices failed to decisively move past the previous day's trading range.

Daily chart for INTU

Volatility

Friday's trading range was $3.04 (1.33%), that's slightly below last trading month's daily average range of $3.72. Things look different on a weekly scale, where volatility is slightly above the markets average with the monthly volatility being way above average.

Trend

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

Conclusion

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

Market Conditions for Intuit Inc.

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Latest Report:

INTU breaks below previous session low

Sep 21, 2018
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