MON closes within prior day's range after lackluster session
Monsanto Co. (MON) Technical Analysis Report for May 17, 2018
Moving higher for the 3rd day in a row, MON ended Thursday at 125.49 edging higher $0.05 (0.04%) on low volume. Today's closing price of 125.49 marks the highest close since May 1st. Closing within the prior day's range, prices failed to decisively move beyond the previous day's trading range in a lackluster session.
Daily Candlestick Chart (MON as at May 17, 2018):
Thursday's trading range was $0.33 (0.26%), that's below last trading month's daily average range of $0.48. Things look different on a weekly scale, where volatility is slightly below the markets average with the monthly volatility being way below average.
The trend is clearly bullish, showing an intact uptrend in the short, medium and long-term.
Selling might accelerate should prices move below the nearby swing low at 124.76 where further sell stops could get triggered. As prices are trading close to May's high at 125.61, upside momentum might speed up should Monsanto Co. mark new highs for the month.
We are currently reviewing the data for MON
We expect this issue to be resolved within 24 hours.