STT declines to lowest close since June 6, 2017
Moving lower for the 3rd day in a row, STT ended the week -3.33% lower at 83.99 after losing $1.81 (-2.11%) today. Today's closing price of 83.99 marks the lowest close since June 6, 2017. Closing below Thursday's low at 85.67, the stock confirms its breakout through the previous session's low having traded $2.15 below it intraday.
Friday's trading range was $1.31 (1.55%), that's slightly below last trading month's daily average range of $1.46. Things look different on a weekly scale, where volatility is slightly below the markets average with the monthly volatility being slightly above average.
Breaking below the key support level at 84.56 today, it is now likely to act as resistance going forward.
The trend is clearly bearish, showing an intact downtrend in the short, medium and long-term.
While classical technical analysis indicates a neutral sentiment for the next trading day, our quantitative statistics show a different picture being bullish.
Market Conditions for State Street Corp.
|White Candle||TQ Pro Members Only|
|Closed above last periods high||TQ Pro Members Only|
|2 Consecutive Higher Closes||TQ Pro Members Only|
|Up Close near high of period||TQ Pro Members Only|
|Close near high of period||TQ Pro Members Only|
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