STZ breaks below 20-day moving average


Constellation Brands (STZ) Technical Analysis Report for Aug 10, 2018 [< 1 min read]
Highlights
STZ breaks below 20-day moving average
STZ closes below its opening price unable to hold early session gains
STZ finds buyers again around 212.91
STZ closes within previous day's range after lackluster session
TQ Sentiment
Report Sentiment: 0% Neutral
Technical Forecast:
Overview

STZ finished the week -0.33% lower at 213.30 after losing $1.48 (-0.69%) today. Trading $0.81 higher after the open, the stock 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 beyond the previous day's trading range in a lackluster session.

Daily chart for STZ
Volatility

Friday's trading range was $1.90 (0.89%), that's below last trading month's daily average range of $3.25. Things look different on a weekly scale, where volatility is slightly below the markets average with the monthly volatility being way below average.

Support/Resistance

Prices are trading close to a key support level at 211.35. After having been unable to move lower than 213.00 in the prior session, Constellation Brands found buyers again around the same price level today at 212.91.

Trend

The trend is clearly bearish, showing an intact downtrend in the short, medium and long-term. The share broke below the 20-day moving average at 213.46 today for the first time since June 29th.

Conclusion

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 Constellation Brands
Condition Forecast Direction Win Avg Worst Best Events
Down Close Near Low of Period TQ Pro Members Only
2 Consecutive Lower Closes TQ Pro Members Only
Close to S1 Support TQ Pro Members Only
Low close to previous low TQ Pro Members Only
Black Candle TQ Pro Members Only
More market conditions identified for TQ Pro members...
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