TROW closes lower for the 2nd day in a row
Moving lower for the 2nd day in a row, TROW finished the week -0.22% lower at 117.14 after losing $1.75 (-1.47%) today. Today's closing price of 117.14 marks the lowest close since July 6th. Closing below Thursday's low at 118.74, the stock confirms its breakout through the previous session's low having traded $2.06 below it intraday.
Friday's trading range was $1.35 (1.14%), that's below last trading month's daily average range of $2.49. Things look different on a weekly scale, where volatility is below the markets average with the monthly volatility being slightly above average.
Prices are trading close to the key resistance level at 118.21.
Although still in a long-term uptrend, the short and medium-term trends both turned bearish already.
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 T. Rowe Price Group
|Bearish Break through SMA 100||TQ Pro Members Only|
|Closed below last periods low||TQ Pro Members Only|
|Close to S1 Support||TQ Pro Members Only|
|Bearish Bounce off SMA 100||TQ Pro Members Only|
|RSI(2) below 20||TQ Pro Members Only|
More market conditions identified for TQ Pro members...
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