JCI closes within prior day's range after lackluster session


Johnson Controls International plc (JCI) Technical Analysis Report for Sep 14, 2018 | by Techniquant Editorial Team

Highlights

JCI closes above its opening price after recovering from early selling pressure
JCI closes higher for the 2nd day in a row
JCI closes within previous day's range after lackluster session
JCI ends the day indecisive

Overview

Moving higher for the 2nd day in a row, JCI finished the week -0.78% lower at 38.00 after edging higher $0.06 (0.16%) today. Trading up to $0.23 lower after the open, the stock managed to reverse during the session as bulls took control ending the day above 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 Candlestick Chart (JCI as at Sep 14, 2018):

Daily technical analysis candlestick chart for Johnson Controls International plc (JCI) as at Sep 14, 2018

Friday's trading range was $0.39 (1.03%), that's below last trading month's daily average range of $0.67. Things look different on a weekly scale, where volatility is slightly below the markets average with the monthly volatility being below average.

Prices are trading close to the key resistance level at 38.16.

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


Market Conditions for JCI as at Sep 14, 2018

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