MAY SALE: Save over 60% on our Pro Plans!

LUK closes within prior day's range after lackluster session


Technical Analysis Report for LUK - May 17, 2018 [1 min read]
Highlights
LUK closes below its opening price unable to hold early session gains
LUK closes lower for the 3rd day in a row
LUK ends the day on a bearish note closing near the low of the day
LUK falls to lowest close since April 6th
LUK closes within previous day's range after lackluster session
TQ Sentiment
Technical Forecast:
Overview

Moving lower for the 3rd day in a row, LUK ended Thursday at 23.44 losing $0.06 (-0.26%) on low volume. Today's closing price of 23.44 marks the lowest close since April 6th. Trading $0.14 higher after the open, Leucadia National was unable to hold its gains as the bears took control ending the day below 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 with a weak close near the low of the day sets a bearish note for the next session.

Daily chart for LUK
Volatility

Thursday's trading range was $0.20 (0.85%), that's far below last trading month's daily average range of $0.47. Things look different on a weekly scale, where volatility is above the markets average with the monthly volatility being below average.

Price Action

During the whole day, prices traded within the previous day's range, unable to trade above the prior day's high or below the previous day's low forming an Inside Bar.

Support/Resistance

Prices are trading close to a key support level at 23.30. Prices are trading close to the key resistance level at 23.74.

Trend

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

Order Flow

Selling could accelerate should prices move below the close-by swing low at 23.30 where further sell stops might get triggered.

Conclusion

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

Report Market Conditions
ConditionForecastDirectionWinAvgWorstBest
Close to R1 Resistance TQ Pro Members Only
Close to S1 Support TQ Pro Members Only
3 Consecutive Lower Closes TQ Pro Members Only
Bearish Intraday Reversal TQ Pro Members Only
Close to Swing Low TQ Pro Members Only
More market conditions identified for TQ Pro members...
Learn more about TQ Pro
Latest Report:

LUK breaks below previous session low

May 18, 2018
Trending Assets

Upgrade your trading!

Get the stats behind the charts

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

Signup

Stocks Top Movers

TBOND 141.3120.874 0.62%
NKY 22,930.3691.99 0.40%
HSI 31,047.91105.76 0.34%
DXY 93.6000.200 0.21%
GOLD 1,291.71.7 0.13%
USDJPY 110.76-0.01 -0.01%
BTCUSD 8,238.30-4.06 -0.05%
FTSE 7,778.79-9.21 -0.12%
EURUSD 1.1769-0.0025 -0.21%
SPX 2,712.97-7.16 -0.26%
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 ABBV105.98 0.66
0.63%
ACN 10 day candlestick chart for ACN155.31 0.38
0.25%
ADBE 10 day candlestick chart for ADBE238.09 1.24
0.52%
AAP 10 day candlestick chart for AAP118.32 -1.47
-1.23%
AES 10 day candlestick chart for AES11.93 -0.12
-1.00%
AET 10 day candlestick chart for AET176.81 -0.22
-0.12%
AFL 10 day candlestick chart for AFL45.39 -0.14
-0.31%
AMG 10 day candlestick chart for AMG167.71 -1.54
-0.91%
A 10 day candlestick chart for A64.32 0.73
1.15%
ABT 10 day candlestick chart for ABT61.71 0.65
1.06%