NLSN ends the day indecisive
Nielsen Holdings (NLSN) Technical Analysis Report for Aug 10, 2018 | by Techniquant Editorial Team
NLSN ended the week -0.09% lower at 21.97 after losing $0.18 (-0.81%) today. Closing within the previous day's range, prices failed to decisively move past the prior day's trading range. Ending the day with an indecisive close, neither buyers nor sellers were able to gain control during the session.
Daily Candlestick Chart (NLSN as at Aug 10, 2018):
Friday's trading range was $0.58 (2.62%), that's slightly below last trading month's daily average range of $0.75. Things look different on a weekly scale, where volatility is way below the markets average with the monthly volatility being way above average. Prices continued to consolidate within a tight trading range between 21.51 and 22.41 which it has been in now for the last trading week.
Prices are trading close to the key resistance level at 22.29.
The trend is clearly bearish, showing an intact downtrend in the short, medium and long-term.
Buying might speed up should prices move above the nearby swing high at 22.29 where further buy stops could get activated. Selling might accelerate should prices move below the close-by swing low at 21.51 where further sell stops could get triggered. With prices trading close to this year's low at 20.53, downside momentum might speed up should the market break out to new lows for the year.