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REGN snaps to lowest close since February 22nd

Technical Analysis Report for REGN - Apr 16, 2018 [1 min read]
REGN breaks key support level
REGN dominated by bears dragging the market lower throughout the day
REGN closes lower for the 2nd day in a row
REGN ends the day on a bearish note closing near the low of the day
REGN breaks below previous session low
TQ Sentiment
Technical Forecast:

Moving lower for the 2nd day in a row, REGN ended Monday at 318.20 losing $3.36 (-1.04%). Today's closing price of 318.20 marks the lowest close since February 22nd. The bears were in full control today, moving the market lower throughout the whole session. Closing below Friday's low at 319.26, the stock confirms its breakout through the prior session's low having traded $1.63 below it intraday. Ending with a weak close near the low of the day sets a bearish note for the next session.

Daily chart for REGN

Monday's trading range was $6.77 (2.09%), that's below last trading month's daily average range of $10.54. Things look different on a weekly scale, where volatility is way below the markets average with the monthly volatility being slightly above average.


Breaking below the key support level at 320.71 today, it is now likely to act as resistance going forward.


The trend is clearly bearish, showing an intact downtrend in the short, medium and long-term.

Order Flow

Selling might speed up should prices move below the close-by swing low at 315.37 where further sell stops could get triggered. With prices trading close to this year's low at 313.53, downside momentum might accelerate should the share break out to new lows for the year.


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

Report Market Conditions
Price broke through Technical Support S1 TQ Pro Members Only
Closed below last periods low TQ Pro Members Only
2 Consecutive Lower Closes TQ Pro Members Only
Decisive Down Move TQ Pro Members Only
Close to Swing Low TQ Pro Members Only
More market conditions identified for TQ Pro members...
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Find out what happened when Regeneron traded like this in the past. See the odds for each technical pattern with expected gain and loss.


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