LNC closes within previous day's range after lackluster session


Lincoln National (LNC) Technical Analysis Report for Apr 16, 2018 [1 min read]
Highlights
LNC unable to break through key resistance level
LNC runs into sellers again around 70.52
LNC rises to highest close since April 5th
LNC closes within previous day's range after lackluster session
LNC ends the day indecisive
TQ Sentiment
Report Sentiment: 33% Bearish
Technical Forecast:
Overview

LNC finished Monday at 70.00 gaining $0.74 (1.07%). Today's closing price of 70.00 marks the highest close since April 5th. 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 chart for LNC
Volatility

Monday's trading range was $1.04 (1.49%), that's far below last trading month's daily average range of $1.97. Things look different on a weekly scale, where volatility is below the markets average with the monthly volatility being slightly above average.

Price Action

After moving lower in the previous session, the stock managed to close higher but below the prior day's open, forming a bullish Harami Candle.

Support/Resistance

Unable to break through the key technical resistance level at 70.13, the market closed below it after spiking as high as 70.52 during the day. The failure to close above the resistance could increase that levels importance as resistance going forward. After having been unable to move above 70.51 in the previous session, the share ran into sellers again around the same price level today, failing to move higher than 70.52.

Trend

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

Order Flow

As prices are trading close to April's high at 72.76, upside momentum might accelerate should LNC mark new highs for the month.

Conclusion

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

Market Conditions for Lincoln National
ConditionForecastDirectionWinAvgWorstBestEvents
Close near high of period TQ Pro Members Only
White Candle TQ Pro Members Only
Price broke through Technical Resistance R1 TQ Pro Members Only
Close to S1 Support TQ Pro Members Only
Strong Up Move TQ Pro Members Only
More market conditions identified for TQ Pro members...
Learn more about TQ Pro
Trending Assets

Upgrade your trading!

Get the stats behind the charts

Find out what happened when Lincoln National traded like this in the past. See the odds for each technical pattern with expected gain and loss.

Signup

Stocks Top Movers

CRUDE 67.931.25 1.87%
DAX 12,765.94104.40 0.82%
FTSE 7,676.2849.98 0.66%
BTCUSD 7,385.8446.70 0.64%
CAC 5,447.4424.90 0.46%
GOLD 1,227.3-0.1 -0.01%
USDJPY 112.84-0.04 -0.04%
NKY 22,764.68-29.51 -0.13%
NDX 7,390.13-13.76 -0.19%
TBOND 144.812-0.282 -0.19%
Start your day with the facts moving the markets
By clicking "Subscribe", you agree to our terms and privacy policy.

Related Stocks

ABBV 10 day candlestick chart for ABBV94.40 -1.01
-1.06%
ACN 10 day candlestick chart for ACN166.38 -1.69
-1.01%
ADBE 10 day candlestick chart for ADBE259.78 1.47
0.57%
AAP 10 day candlestick chart for AAP139.97 -0.31
-0.22%
AES 10 day candlestick chart for AES12.73 -0.12
-0.93%
AET 10 day candlestick chart for AET191.33 -0.21
-0.11%
AFL 10 day candlestick chart for AFL43.26 0.32
0.75%
AMG 10 day candlestick chart for AMG151.25 2.76
1.86%
A 10 day candlestick chart for A62.99 -0.05
-0.08%
ABT 10 day candlestick chart for ABT64.75 1.95
3.11%