SYMC closes higher for the 2nd day in a row


Symantec Corp. (SYMC) Technical Analysis Report for Jul 13, 2018 [< 1 min read]
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.
ConditionForecastDirectionWinAvgWorstBestEvents
Close near low of period TQ Pro Members Only
Bearish Intraday Reversal TQ Pro Members Only
Closed below last periods low TQ Pro Members Only
Down Close Near Low of Period TQ Pro Members Only
Price broke through Technical Support S1 TQ Pro Members Only
More market conditions identified for TQ Pro members...
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Latest Report:

SYMC breaks below prior session low

Jul 20, 2018
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