SIRI breaks key support level
Sirius XM Holdings Inc. (SIRI) Technical Analysis Report for Jul 13, 2018 | by Techniquant Editorial Team
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 Candlestick Chart (SIRI as at Jul 13, 2018):
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.
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.
The trend is clearly bullish, showing an intact uptrend in the short, medium and long-term.