TIF dominated by bulls lifting the market higher throughout the day

Tiffany & Co. (TIF) Technical Analysis Report for Sep 14, 2018

Highlights

TIF dominated by bulls lifting the market higher throughout the day
TIF pushes through 20-day moving average
TIF closes higher for the 3rd day in a row
TIF ends the day on a bullish note closing near the high of the day
TIF pushes through previous session high

TQ Sentiment

Report Sentiment: 57% Bullish
Technical Forecast:

Overview

Moving higher for the 3rd day in a row, TIF finished the week 4.74% higher at 128.69 after gaining $2.66 (2.11%) today. Today's closing price of 128.69 marks the highest close since August 28th. The bulls were in full control today, moving the market higher throughout the whole session. Closing above Thursday's high at 126.66, Tiffany & confirms its breakout through the prior session's high having traded $2.46 above it intraday. Ending with a strong close near the high of the day sets a bullish note for the next session.

Daily chart for TIF

Volatility

Friday's trading range was $3.51 (2.79%), that's slightly above last trading month's daily average range of $3.38. Things look different on a weekly scale, where volatility is slightly below the markets average with the monthly volatility being slightly above average.

Support/Resistance

Prices are trading close to the key resistance level at 130.97.

Trend

The stock shows strength in the short-term supported by its long-term uptrend with only the medium-term trend being bearish. The market managed to break above the 20-day moving average at 126.61 today for the first time since July 17th.

Conclusion

Even though both sentiments are bullish for the next trading day, the classical technical analysis metrics are only slightly bullish while our quantitative statistics show a bullish sentiment.

Market Conditions for Tiffany & Co.

Condition Forecast Direction Win Rate Exit Day Events
Close near low of period TQ Pro Members Only
Bearish Outside Bar TQ Pro Members Only
Bearish Break through SMA 20 TQ Pro Members Only
Bearish Break through SMA 100 TQ Pro Members Only
High close to previous High TQ Pro Members Only
More market conditions identified for TQ Pro members...
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Latest Report:

TIF closes within previous day's range

Sep 17, 2018
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