TROW closes lower for the 2nd day in a row


T. Rowe Price Group (TROW) Technical Analysis Report for Aug 10, 2018 [< 1 min read]
Highlights
TROW closes lower for the 2nd day in a row
TROW breaks below previous session low
TROW falls to lowest close since July 6th
TQ Sentiment
Report Sentiment: 50% Bearish
Technical Forecast:
Overview

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.

Daily chart for TROW
Volatility

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.

Support/Resistance

Prices are trading close to the key resistance level at 118.21.

Trend

Although still in a long-term uptrend, the short and medium-term trends both turned bearish already.

Conclusion

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
Condition Forecast Direction Win Avg Worst Best Events
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...
Learn more about TQ Pro
Trending Assets

Upgrade your trading!

Get the stats behind the charts

Find out what happened when T. Rowe Price Group traded like this in the past. See the odds for each technical pattern with expected gain and loss.

Signup
Stocks Top Movers
BTCUSD 6,266.7342.19 0.68%
TBOND 144.5620.687 0.48%
ASX 6,329.0029.40 0.47%
EURUSD 1.13460.0002 0.02%
DXY 96.580-0.025 -0.03%
GBPUSD 1.2696-0.0026 -0.20%
ETHUSD 279.29-0.83 -0.30%
USDJPY 110.74-0.41 -0.37%
NATGAS 2.939-0.016 -0.54%
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 ABBV97.45 1.53
1.60%
ACN 10 day candlestick chart for ACN160.41 -0.83
-0.51%
ADBE 10 day candlestick chart for ADBE250.52 -5.53
-2.16%
AAP 10 day candlestick chart for AAP158.03 1.90
1.22%
AES 10 day candlestick chart for AES13.49 -0.01
-0.07%
AET 10 day candlestick chart for AET197.29 0.34
0.17%
AFL 10 day candlestick chart for AFL46.29 -0.22
-0.47%
AMG 10 day candlestick chart for AMG145.43 -1.20
-0.82%
A 10 day candlestick chart for A64.73 -2.02
-3.03%
ABT 10 day candlestick chart for ABT63.47 -0.16
-0.25%