JEF drops to lowest close since July 26th
Moving lower for the 5th day in a row, JEF ended the week -3.43% lower at 23.67 after losing $0.62 (-2.55%) today on high volume. Today's closing price of 23.67 marks the lowest close since July 26th. The bears were in full control today, moving the market lower throughout the whole session. Closing below Thursday's low at 24.24, the stock confirms its breakout through the prior session's low having traded $0.61 below it intraday. Ending with a weak close near the low of the day sets a bearish note for the next session.
Friday's trading range was $0.44 (1.83%), that's slightly below last trading month's daily average range of $0.46. Things look different on a weekly scale, where volatility is slightly below the markets average with the monthly volatility being slightly above average.
While Jefferies Financial is currently in a short-term down trend, this might just be a correction, as the medium and long term trends are both positive.
Even though both sentiments are bearish for the next trading day, the classical technical analysis metrics are only slightly bearish while our quantitative statistics show a bearish sentiment.
Market Conditions for Jefferies Financial Group Inc.
|Close to R1 Resistance||TQ Pro Members Only|
|Decisive Up Move||TQ Pro Members Only|
|White Candle||TQ Pro Members Only|
|Close to Swing High||TQ Pro Members Only|
|Bullish Break through SMA 20||TQ Pro Members Only|
More market conditions identified for TQ Pro members...
Learn more about TQ Pro