TWX climbs to highest close since October 27, 2017
Time Warner Inc. (TWX) Technical Analysis Report for Jun 14, 2018 | by Techniquant Editorial Team
Moving higher for the 4th day in a row, TWX ended Thursday at 98.77 gaining $0.82 (0.84%) on high volume. Today's closing price of 98.77 marks the highest close since October 27, 2017. Closing within the previous day's range, prices failed to decisively move beyond the prior day's trading range. Ending the day with an indecisive close, neither buyers nor sellers were able to gain control during the session.
Daily Candlestick Chart (TWX as at Jun 14, 2018):
Thursday's trading range was $1.26 (1.28%), that's slightly above last trading month's daily average range of $1.20. Weekly volatility is also higher, being way above the markets average with the monthly volatility being above average.
During the whole day, prices traded within the previous day's range, unable to trade above the prior day's high or below the previous day's low forming an Inside Bar.
The trend is clearly bullish, showing an intact uptrend in the short, medium and long-term.