IQV unable to break through key resistance level


IQVIA Holdings Inc. (IQV) Technical Analysis Report for Aug 10, 2018 [< 1 min read]
Highlights
IQV unable to break through key resistance level
IQV closes lower for the 3rd day in a row
IQV breaks below previous session low
IQV falls to lowest close since July 30th
IQV ends the day indecisive
TQ Sentiment
Report Sentiment: 40% Bearish
Technical Forecast:
Overview

Moving lower for the 3rd day in a row, IQV finished the week -1.62% lower at 121.15 after losing $0.55 (-0.45%) today on low volume. Today's closing price of 121.15 marks the lowest close since July 30th. Closing below Thursday's low at 121.56, IQVIA Holdings confirms its breakout through the previous session's low having traded $1.14 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 IQV
Volatility

Friday's trading range was $1.61 (1.33%), that's slightly below last trading month's daily average range of $2.24. Things look different on a weekly scale, where volatility is way below the markets average with the monthly volatility being below average.

Support/Resistance

Unable to break through the key technical resistance level at 121.74, the market closed below it after spiking as high as 122.03 during the day. The failure to close above the resistance might increase that levels importance as resistance going forward.

Trend

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 125.35, upside momentum could accelerate should the stock be able to break out to new highs for the year.

Conclusion

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

Market Conditions for IQVIA Holdings Inc.
Condition Forecast Direction Win Avg Worst Best Events
Close to R1 Resistance TQ Pro Members Only
Close to Swing High TQ Pro Members Only
Closed above last periods high TQ Pro Members Only
Bullish Spinning Top TQ Pro Members Only
Bounced off Technical Resistance R1 TQ Pro Members Only
More market conditions identified for TQ Pro members...
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Latest Report:

IQV ends the day indecisive

Aug 16, 2018
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