TRMB closes lower for the 2nd day in a row
Moving lower for the 2nd day in a row, TRMB finished the week -3.31% lower at 39.19 after losing $0.29 (-0.73%) today. Trading $0.23 higher after the open, the market was unable to hold its gains as the bears took control ending the day below its opening price. Closing below Thursday's low at 39.37, the share confirms its breakout through the prior session's low having traded $0.43 below it intraday. Ending the day with an indecisive close, neither buyers nor sellers were able to gain control during the session.
Friday's trading range was $0.52 (1.33%), that's slightly below last trading month's daily average range of $1.12. Things look different on a weekly scale, where volatility is slightly below the markets average with the monthly volatility being way above average.
Prices are trading close to the key resistance level at 40.25.
The trend is clearly bullish, showing an intact uptrend in the short, medium and long-term.
Buying might accelerate should prices move above the nearby swing high at 40.25 where further buy stops could get activated.
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 Trimble Navigation
|Close to S1 Support||TQ Pro Members Only|
|Price broke through Technical Resistance R1||TQ Pro Members Only|
|Closed above last periods high||TQ Pro Members Only|
|Bullish Spinning Top||TQ Pro Members Only|
|Close to Swing Low||TQ Pro Members Only|
More market conditions identified for TQ Pro members...
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