SIRI slides to lowest close since April 3rd
Sirius XM Holdings Inc. (SIRI) Technical Analysis Report for Apr 16, 2018 | by Techniquant Editorial Team
Moving lower for the 4th day in a row, SIRI finished Monday at 6.17 losing $0.02 (-0.32%). Today's closing price of 6.17 marks the lowest close since April 3rd. Closing within the previous day's range, prices failed to decisively move past the prior day's trading range in a lackluster session.
Daily Candlestick Chart (SIRI as at Apr 16, 2018):
Monday's trading range was $0.09 (1.45%), that's below last trading month's daily average range of $0.12. Things look different on a weekly scale, where volatility is slightly below the markets average with the monthly volatility being below average.
Prices are trading close to the key resistance level at 6.23.
The trend is clearly bullish, showing an intact uptrend in the short, medium and long-term.
As prices are trading close to April's high at 6.36, upside momentum could speed up should Sirius XM mark new highs for the month. As prices are trading close to April's low at 6.08, downside momentum might accelerate should the share mark new lows for the month.