SIRI breaks key support level


Sirius XM Holdings Inc. (SIRI) Technical Analysis Report for Jul 13, 2018 [< 1 min read]
Highlights
SIRI breaks key support level
SIRI finds support at 20-day moving average
SIRI closes within previous day's range after lackluster session
SIRI ends the day indecisive
TQ Sentiment
Report Sentiment: 0% Neutral
Technical Forecast:
Overview

SIRI ended the week 1.43% higher at 7.10 after edging lower $0.01 (-0.14%) today. Closing within the previous day's range, prices failed to decisively move beyond the prior day's trading range in a lackluster session. Ending the day with an indecisive close, neither buyers nor sellers were able to gain control during the session.

Daily chart for SIRI
Volatility

Friday's trading range was $0.10 (1.4%), that's below last trading month's daily average range of $0.17. Things look different on a weekly scale, where volatility is way below the markets average with the monthly volatility being slightly above average.

Support/Resistance

Breaking below the key support level at 7.11 today, it is now likely to act as resistance going forward. After trading as low as 7.05 during the day, Sirius XM found support at the 20-day moving average at 7.08.

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 slightly bullish.

Market Conditions for Sirius XM Holdings Inc.
ConditionForecastDirectionWinAvgWorstBestEvents
Close to Swing Low TQ Pro Members Only
Bullish Hikkake Pattern TQ Pro Members Only
Last Engulfing Bottom Pattern TQ Pro Members Only
Close to Swing High TQ Pro Members Only
Bounced off Technical Resistance R1 TQ Pro Members Only
More market conditions identified for TQ Pro members...
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