PKI finds buyers again around 95.30
PerkinElmer (PKI) Technical Analysis Report for Sep 14, 2018
PKI ended the week 2.32% higher at 95.74 after losing $0.50 (-0.52%) today. Closing within the previous day's range, prices failed to decisively move beyond the prior day's trading range.
Friday's trading range was $1.49 (1.55%), that's slightly above last trading month's daily average range of $1.39. Things look different on a weekly scale, where volatility is below the markets average with the monthly volatility being slightly above average.
During the whole day, prices traded within the previous day's range, unable to trade above the prior day's high or below the previous day's low forming an Inside Bar.
After having been unable to move lower than 95.22 in the prior session, PerkinElmer found buyers again around the same price level today at 95.30.
The trend is clearly bullish, showing an intact uptrend in the short, medium and long-term.
Buying could accelerate should prices move above the nearby swing high at 96.87 where further buy stops might get triggered.
While classical technical analysis indicates a neutral sentiment for the next trading day, our quantitative statistics show a different picture being bullish.
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