SIRI closes below its opening price unable to hold early session gains

Sirius XM Holdings Inc. (SIRI) Technical Analysis Report for May 17, 2018 | by Techniquant Editorial Team


SIRI breaks key support level
SIRI closes below its opening price unable to hold early session gains
SIRI ends the day on a bearish note closing near the low of the day
SIRI runs into sellers again around 7.01
SIRI closes within previous day's range


SIRI finished Thursday at 6.89 losing $0.04 (-0.58%). Trading $0.08 higher after the open, the market was unable to hold its gains as the bears took control ending the day below its opening price. Closing within the prior day's range, prices failed to decisively move past the previous day's trading range. Ending with a weak close near the low of the day sets a bearish note for the next session.

Daily Candlestick Chart (SIRI as at May 17, 2018):

Daily technical analysis candlestick chart for Sirius XM Holdings Inc. (SIRI) as at May 17, 2018

Thursday's trading range was $0.14 (2.02%), that's slightly below last trading month's daily average range of $0.14. Things look different on a weekly scale, where volatility is below the markets average with the monthly volatility being way above average.

Even with a strong opening the share closed below the prior day's open and close, forming a bearish Engulfing Candle.

Breaking below the key support level at 6.92 today, it is now likely to act as resistance going forward. After having been unable to move above 7.01 in the previous session, Sirius XM ran into sellers again around the same price level today, failing to move higher than 7.01.

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

Market Conditions for SIRI as at May 17, 2018

Loading Market Conditions for SIRI (Sirius XM Holdings Inc.)...
Latest Report:

SIRI pushes through Tuesday's high

Jan 16, 2019
Trending Assets

Upgrade your trading!

Get the stats behind the charts

Find out what happened when Sirius XM Holdings Inc. traded like this in the past. See the odds for each technical pattern with expected gain and loss.

Find out more
Top Movers
You have free reports remaining. Subscribe for unlimited access...SUBSCRIBELOGINGO!