RHI closes above its opening price after recovering from early selling pressure


Robert Half International (RHI) Technical Analysis Report for Aug 10, 2018 [< 1 min read]
Highlights
RHI closes above its opening price after recovering from early selling pressure
RHI closes within previous day's range
TQ Sentiment
Report Sentiment: 0% Neutral
Technical Forecast:
Overview

RHI finished the week 2.71% higher at 79.32 after losing $0.16 (-0.2%) today. Trading up to $0.66 lower after the open, the stock managed to reverse during the session as bulls took control ending the day above its opening price. Closing within the prior day's range, prices failed to decisively move beyond the previous day's trading range.

Daily chart for RHI
Volatility

Friday's trading range was $1.48 (1.88%), that's slightly below last trading month's daily average range of $1.53. Things look different on a weekly scale, where volatility is below the markets average with the monthly volatility being way above average.

Support/Resistance

Prices are trading close to the key resistance level at 79.91.

Trend

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

Order Flow

Buying could accelerate should prices move above the close-by swing high at 79.91 where further buy stops might get triggered.

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 Robert Half International
Condition Forecast Direction Win Avg Worst Best Events
Down Close Near Low of Period TQ Pro Members Only
Closed below last periods low TQ Pro Members Only
Close to S1 Support TQ Pro Members Only
Black Candle TQ Pro Members Only
Bounced off Technical Support S1 TQ Pro Members Only
More market conditions identified for TQ Pro members...
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Latest Report:

RHI finds buyers at key support level

Aug 17, 2018
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