RHI pushes through prior session high

Robert Half International (RHI) Technical Analysis Report for May 17, 2018

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

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