KMX closes within prior day's range
Carmax Inc (KMX) Technical Analysis Report for Oct 12, 2018 | by Techniquant Editorial Team
KMX ended the week -4.27% lower at 67.86 after edging higher $0.01 (0.01%) today, strongly underperforming the S&P 500 (1.42%). Closing within the prior day's range, prices missed to decisively move beyond the previous day's trading range.
Daily Candlestick Chart (KMX as at Oct 12, 2018):
Friday's trading range has been $2.04 (2.96%), that's slightly above the last trading month's daily average range of $1.93. Things look different on the weekly timeframe, where the market's trading range of the last week has been slightly below the market's average weekly trading range. The longer-term, monthly volatility is currently notably higher than usual for KMX.
One bearish candlestick pattern matches today's price action, the Black Candle. The last time a Black Candle showed up on Wednesday, KMX lost -1.11% on the following trading day.
Though still in a long-term uptrend, the short and medium-term trends both turned bearish already.