MON closes within prior day's range after lackluster session


Monsanto Co. (MON) Technical Analysis Report for May 17, 2018

Highlights

MON closes higher for the 3rd day in a row
MON rises to highest close since May 1st
MON closes within previous day's range after lackluster session

Overview

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):

Daily technical analysis candlestick chart for Monsanto Co. (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.


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