RHI pushes through prior session high


Robert Half International (RHI) Technical Analysis Report for May 17, 2018 [< 1 min read]
Highlights
RHI dominated by bulls lifting the market higher throughout the day
RHI closes higher for the 2nd day in a row
RHI pushes through previous session high
RHI rises to highest close since Inception
TQ Sentiment
Report Sentiment: 50% Bullish
Technical Forecast:
Overview

Moving higher for the 2nd day in a row, RHI finished Thursday at 63.73 gaining $0.38 (0.6%). Today's closing price of 63.73 marks the highest close since Inception. The bulls were in full control today, moving the market higher throughout the whole session. Closing above Wednesday's high at 63.70, Robert Half confirms its breakout through the previous session's high having traded $0.18 above it intraday.

Daily chart for RHI
Volatility

Thursday's trading range was $0.62 (0.98%), that's far below last trading month's daily average range of $1.14. Things look different on a weekly scale, where volatility is below the markets average with the monthly volatility being above average.

Trend

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

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
ConditionForecastDirectionWinAvgWorstBestEvents
Bullish Break through SMA 20 TQ Pro Members Only
White Candle TQ Pro Members Only
RSI(2) above 80 TQ Pro Members Only
Price broke through Technical Resistance R1 TQ Pro Members Only
Close to S1 Support TQ Pro Members Only
More market conditions identified for TQ Pro members...
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Latest Report:

RHI pushes through key resistance level

Jul 13, 2018
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