JEF drops to lowest close since July 26th


Jefferies Financial Group Inc. (JEF) Technical Analysis Report for Aug 10, 2018 | by Techniquant Editorial Team

Highlights

JEF dominated by bears dragging the market lower throughout the day
JEF closes lower for the 5th day in a row
JEF ends the day on a bearish note closing near the low of the day
JEF breaks below previous session low
JEF falls to lowest close since July 26th

Overview

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.

Daily Candlestick Chart (JEF as at Aug 10, 2018):

Daily technical analysis candlestick chart for Jefferies Financial Group Inc. (JEF) as at Aug 10, 2018

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.


Market Conditions for JEF as at Aug 10, 2018

Loading Market Conditions for JEF (Jefferies Financial Group Inc.)...
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JEF stuck within tight trading range

Oct 19, 2018
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