SYMC closes higher for the 2nd day in a row

Symantec Corp. (SYMC) Technical Analysis Report for Jul 13, 2018

Highlights

SYMC closes higher for the 2nd day in a row
SYMC rises to highest close since May 18th
SYMC closes within previous day's range

TQ Sentiment

Report Sentiment: 0% Neutral
Technical Forecast:

Overview

Moving higher for the 2nd day in a row, SYMC finished the week 1.83% higher at 21.67 after edging higher $0.05 (0.23%) today. Today's closing price of 21.67 marks the highest close since May 18th. Closing within the previous day's range, prices failed to decisively move past the prior day's trading range.

Daily chart for SYMC

Volatility

Friday's trading range was $0.48 (2.19%), that's far above last trading month's daily average range of $0.35. Things look different on a weekly scale, where volatility is slightly below the markets average with the monthly volatility being slightly above average.

Trend

While the share is experiencing a short-term up trend, this could just be a correction, as both the medium and long term trends are still in negative territory.

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 Symantec Corp.

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