TRIP pops to highest close since April 5th


TripAdvisor (TRIP) Technical Analysis Report for Apr 16, 2018 [1 min read]
Highlights
Traders officially love to buy TRIP around 40.26 level
TRIP pushes through 50-day moving average
TRIP unable to break through key resistance level
TRIP finds support at 20-day moving average
TRIP pushes through previous session high
TQ Sentiment
Report Sentiment: 44% Bullish
Technical Forecast:
Overview

TRIP finished Monday at 41.14 gaining $0.62 (1.53%) on low volume. Today's closing price of 41.14 marks the highest close since April 5th. Closing above Friday's high at 41.04, TripAdvisor confirms its breakout through the prior session's high having traded $0.94 above it intraday. Ending the day with an indecisive close, neither buyers nor sellers were able to gain control during the session.

Daily chart for TRIP
Volatility

Monday's trading range was $1.72 (4.22%), that's far above last trading month's daily average range of $1.26. Things look different on a weekly scale, where volatility is slightly below the markets average with the monthly volatility being slightly below average. Prices continued to consolidate within a tight trading range between 39.99 and 41.98 which it has been in now for the last trading week.

Support/Resistance

Unable to break through the key technical resistance level at 41.34, the stock closed below it after spiking as high as 41.98 during the day. The failure to close above the resistance could increase that levels importance as resistance going forward. The share was bought again around 40.26 after having seen lows at 40.18, 40.28 and 40.21 in the last three trading sessions. Obviously there is something going on at that level. After trading as low as 40.26 during the day, the market found support at the 20-day moving average at 40.77.

Trend

The trend is clearly bullish, showing an intact uptrend in the short, medium and long-term. TRIP managed to break above the 50-day moving average at 40.98 today for the first time since April 10th.

Order Flow

Selling might accelerate should prices move below the close-by swing low at 40.18 where further sell stops could get triggered. As prices are trading close to April's high at 42.02, upside momentum might speed up should TripAdvisor mark new highs for the month.

Conclusion

While classical technical analysis indicates a neutral sentiment for the next trading day, our quantitative statistics show a different picture being bearish.

Market Conditions for TripAdvisor
ConditionForecastDirectionWinAvgWorstBestEvents
Close near low of period TQ Pro Members Only
Close to Swing Low TQ Pro Members Only
Black Candle TQ Pro Members Only
Closed below last periods low TQ Pro Members Only
Down Close Near Low of Period 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 TripAdvisor traded like this in the past. See the odds for each technical pattern with expected gain and loss.

Signup

Stocks Top Movers

GBPUSD 1.31350.0120 0.92%
GOLD 1,231.99.4 0.77%
HSI 28,224.48213.62 0.76%
EURUSD 1.17230.0081 0.70%
ASX 6,285.9023.20 0.37%
INDU 25,058.12-6.38 -0.03%
NDX 7,350.23-2.13 -0.03%
FTSE 7,678.79-5.21 -0.07%
NATGAS 2.733-0.002 -0.07%
SPX 2,801.83-2.66 -0.09%
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 ABBV88.91 -1.04
-1.16%
ACN 10 day candlestick chart for ACN166.52 -0.37
-0.22%
ADBE 10 day candlestick chart for ADBE257.54 -0.14
-0.05%
AAP 10 day candlestick chart for AAP142.67 -0.70
-0.49%
AES 10 day candlestick chart for AES13.03 0.00
0.00%
AET 10 day candlestick chart for AET187.22 -2.82
-1.48%
AFL 10 day candlestick chart for AFL43.06 0.17
0.40%
AMG 10 day candlestick chart for AMG148.84 -0.47
-0.31%
A 10 day candlestick chart for A63.85 -0.30
-0.47%
ABT 10 day candlestick chart for ABT63.32 -0.46
-0.72%