MA breaks below prior session low
MA finished Thursday at 191.20 losing $1.18 (-0.61%). Today's closing price of 191.20 marks the lowest close since May 9th. Closing below Wednesday's low at 191.44, the stock confirms its breakout through the previous session's low having traded $0.85 below it intraday.
Thursday's trading range was $1.85 (0.96%), that's far below last trading month's daily average range of $3.25. Things look different on a weekly scale, where volatility is way below the markets average with the monthly volatility being way above average.
Prices are trading close to the key resistance level at 192.91.
The trend is clearly bullish, showing an intact uptrend in the short, medium and long-term.
Buying could speed up should prices move above the close-by swing high at 192.91 where further buy stops might get activated. Selling could accelerate should prices move below the nearby swing low at 190.15 where further sell stops might get triggered.
While classical technical analysis indicates a neutral sentiment for the next trading day, our quantitative statistics show a different picture being bullish.
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|Closed below last periods low||TQ Pro Members Only|
|Close to R1 Resistance||TQ Pro Members Only|
|Close to Swing High||TQ Pro Members Only|
|Close to Swing Low||TQ Pro Members Only|
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