PF finds buyers again around 66.07


Pinnacle Foods Inc (PF) Technical Analysis Report for Aug 10, 2018 [< 1 min read]
Highlights
PF finds buyers again around 66.07
PF falls to lowest close since July 30th
PF closes within previous day's range after lackluster session
PF ends the day indecisive
TQ Sentiment
Report Sentiment: 25% Bullish
Technical Forecast:
Overview

PF finished the week -0.97% lower at 66.13 after losing $0.12 (-0.18%) today. Today's closing price of 66.13 marks the lowest close since July 30th. Closing within the previous day's range, prices failed to decisively move beyond the prior day's trading range in a lackluster session. Ending the day with an indecisive close, neither buyers nor sellers were able to gain control during the session.

Daily chart for PF
Volatility

Friday's trading range was $0.25 (0.38%), that's below last trading month's daily average range of $0.45. Things look different on a weekly scale, where volatility is slightly below the markets average with the monthly volatility being below average.

Support/Resistance

After having been unable to move lower than 66.11 in the previous session, Pinnacle Foods found buyers again around the same price level today at 66.07.

Trend

Although the market is currently in a short-term down trend, this could just be a correction, as the medium and long term trends are both positive.

Conclusion

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

Market Conditions for Pinnacle Foods Inc
Condition Forecast Direction Win Avg Worst Best Events
Close to R1 Resistance TQ Pro Members Only
Close near low of period TQ Pro Members Only
3 Consecutive Higher Closes TQ Pro Members Only
Shooting Star TQ Pro Members Only
Bounced off Technical Resistance R1 TQ Pro Members Only
More market conditions identified for TQ Pro members...
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