REGN closes lower for the 3rd day in a row
Moving lower for the 3rd day in a row, REGN ended the week -6.61% lower at 368.78 after losing $3.36 (-0.9%) today. Today's closing price of 368.78 marks the lowest close since July 31st. Closing within the prior day's range, prices failed to decisively move past the previous day's trading range.
Friday's trading range was $6.99 (1.88%), that's slightly below last trading month's daily average range of $9.29. Things look different on a weekly scale, where volatility is way above the markets average with the monthly volatility being slightly below average.
During the whole day, prices traded within the prior day's range, unable to trade above the previous day's high or below the prior day's low forming an Inside Bar.
Prices are trading close to a key support level at 361.65. Prices are trading close to the key resistance level at 374.84. After having been unable to move lower than 363.25 in the previous session, the stock found buyers again around the same price level today at 364.86.
The trend is clearly bullish, showing an intact uptrend in the short, medium and long-term.
Selling could accelerate should prices move below the close-by swing low at 363.25 where further sell 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.
Market Conditions for Regeneron
|Close to R1 Resistance||TQ Pro Members Only|
|White Candle||TQ Pro Members Only|
|Low close to previous low||TQ Pro Members Only|
|Closed above last periods high||TQ Pro Members Only|
|Up Close near high of period||TQ Pro Members Only|
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