SIRI slides to lowest close since April 3rd


Sirius XM Holdings Inc. (SIRI) Technical Analysis Report for Apr 16, 2018 [< 1 min read]
Highlights
SIRI closes lower for the 4th day in a row
SIRI falls to lowest close since April 3rd
SIRI closes within previous day's range after lackluster session
TQ Sentiment
Report Sentiment: 25% Bearish
Technical Forecast:
Overview

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 chart for SIRI
Volatility

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.

Support/Resistance

Prices are trading close to the key resistance level at 6.23.

Trend

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

Order Flow

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.

Conclusion

While classical technical analysis indicates a neutral sentiment for the next trading day, our quantitative statistics show a different picture being bearish.

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