STOR closes within prior day's range
STORE Capital Corporation (STOR) Technical Analysis Report for Mar 26, 2020 | by Techniquant Editorial Team
Moving higher for the 3rd day in a row, STOR ended Thursday at 21.50 gaining $1.11 (5.44%), underperforming the S&P 500 (6.24%). Closing within the prior day's range, prices failed to decisively move beyond the previous day's trading range.
Daily Candlestick Chart (STOR as at Mar 26, 2020):
Thursday's trading range has been $2.53 (12.23%), that's slightly above the last trading month's daily average range of $2.34. Things look different on the weekly timeframe, where the market's trading range of the last week has been slightly below the market's average weekly trading range. The longer-term, monthly volatility is currently strongly higher than usual for STOR.
The trend is clearly bearish, showing an intact downtrend in the short, medium and long-term.