NAVI rises to highest close since July 24th

Navient (NAVI) Technical Analysis Report for Sep 14, 2018

Highlights

NAVI closes higher for the 2nd day in a row
NAVI pushes through previous session high
NAVI rises to highest close since July 24th

TQ Sentiment

Report Sentiment: 33% Bullish
Technical Forecast:

Overview

Moving higher for the 2nd day in a row, NAVI finished the week 3.04% higher at 13.88 after gaining $0.15 (1.09%) today on high volume. Today's closing price of 13.88 marks the highest close since July 24th. Closing above Thursday's high at 13.74, Navient confirms its breakout through the prior session's high having traded $0.26 above it intraday.

Daily chart for NAVI

Volatility

Friday's trading range was $0.29 (2.11%), that's above last trading month's daily average range of $0.25. Weekly volatility is also higher, being slightly above the markets average with the monthly volatility being slightly below average.

Trend

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

Order Flow

Trading close to July's high at 14.29 we could see further upside momentum if potential buy stops at the level get triggered.

Conclusion

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

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