MAY SALE: Save over 60% on our Pro Plans!

TMK closes within previous day's range after lackluster session


Technical Analysis Report for TMK - May 17, 2018 [< 1 min read]
Highlights
TMK finds support at 50-day moving average
TMK closes higher for the 3rd day in a row
TMK rises to highest close since May 1st
TMK closes within previous day's range after lackluster session
TQ Sentiment
Technical Forecast:
Overview

Moving higher for the 3rd day in a row, TMK ended Thursday at 85.67 gaining $0.37 (0.43%). Today's closing price of 85.67 marks the highest close since May 1st. Closing within the prior day's range, prices failed to decisively move past the previous day's trading range in a lackluster session.

Daily chart for TMK
Volatility

Thursday's trading range was $0.91 (1.07%), that's below last trading month's daily average range of $1.26. Things look different on a weekly scale, where volatility is below the markets average with the monthly volatility being slightly below average.

Support/Resistance

Prices are trading close to the key resistance level at 85.93. After trading as low as 85.00 during the day, Torchmark Corp. found support at the 50-day moving average at 85.14.

Trend

While still in a long-term downtrend, the short and medium-term trends both turned bullish already.

Order Flow

Buying could accelerate should prices move above the nearby swing high at 86.17 where further buy stops might get triggered. Selling could speed up should prices move below the close-by swing low at 84.41 where further sell stops might get activated. As prices are trading close to May's high at 86.77, upside momentum could accelerate should the market mark new highs for the month.

Conclusion

Both sentiments, the classical technical analysis and our quantitative statistics are in perfect alignment today showing a neutral sentiment for the next trading day.

Report Market Conditions
ConditionForecastDirectionWinAvgWorstBest
Bullish Bounce off SMA 50 TQ Pro Members Only
Close to R1 Resistance TQ Pro Members Only
3 Consecutive Higher Closes TQ Pro Members Only
Close to Swing High TQ Pro Members Only
Close to Swing Low TQ Pro Members Only
More market conditions identified for TQ Pro members...
Learn more about TQ Pro
Trending Assets

Upgrade your trading!

Get the stats behind the charts

Find out what happened when Torchmark Corp. traded like this in the past. See the odds for each technical pattern with expected gain and loss.

Signup

Stocks Top Movers

TBOND 141.3120.874 0.62%
NKY 22,930.3691.99 0.40%
HSI 31,047.91105.76 0.34%
DXY 93.6000.200 0.21%
GOLD 1,291.71.7 0.13%
USDJPY 110.76-0.01 -0.01%
BTCUSD 8,238.30-4.06 -0.05%
FTSE 7,778.79-9.21 -0.12%
EURUSD 1.1769-0.0025 -0.21%
SPX 2,712.97-7.16 -0.26%
Start your day with the facts moving the markets
By clicking "Subscribe", you agree to our terms and privacy policy.

Related Stocks

ABBV 10 day candlestick chart for ABBV105.98 0.66
0.63%
ACN 10 day candlestick chart for ACN155.31 0.38
0.25%
ADBE 10 day candlestick chart for ADBE238.09 1.24
0.52%
AAP 10 day candlestick chart for AAP118.32 -1.47
-1.23%
AES 10 day candlestick chart for AES11.93 -0.12
-1.00%
AET 10 day candlestick chart for AET176.81 -0.22
-0.12%
AFL 10 day candlestick chart for AFL45.39 -0.14
-0.31%
AMG 10 day candlestick chart for AMG167.71 -1.54
-0.91%
A 10 day candlestick chart for A64.32 0.73
1.15%
ABT 10 day candlestick chart for ABT61.71 0.65
1.06%