NLSN rallies 3.05% on low volume

Nielsen Holdings (NLSN) Technical Analysis Report for Sep 14, 2018

Highlights

NLSN rallies 3.05% on low volume
NLSN dominated by bulls lifting the market higher throughout the day
NLSN pushes through 50-day moving average
NLSN ends the day on a bullish note closing near the high of the day
NLSN pushes through previous session high

TQ Sentiment

Report Sentiment: 71% Bullish
Technical Forecast:

Overview

NLSN ended the week 4.47% higher at 27.35 after surging $0.81 (3.05%) today on low volume. This is the biggest single day gain in over a month. Today's closing price of 27.35 marks the highest close since July 25th. The bulls were in full control today, moving the market higher throughout the whole session. Closing above Thursday's high at 27.08, the market confirms its breakout through the previous session's high having traded $0.34 above it intraday. Ending with a strong close near the high of the day sets a bullish note for the next session.

Daily chart for NLSN

Volatility

Friday's trading range was $0.79 (2.96%), that's far above last trading month's daily average range of $0.57. Weekly volatility is also higher, being slightly above the markets average with the monthly volatility being way below average.

Trend

Although Nielsen Holdings is experiencing a short-term up trend, this might just be a correction, as both the medium and long term trends are still in negative territory. The share managed to break above the 50-day moving average at 26.59 today for the first time since July 6th.

Order Flow

Buying could speed up should prices move above the nearby swing high at 27.75 where further buy stops might get activated.

Conclusion

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

Market Conditions for Nielsen Holdings

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