TWX closes higher for the 3rd day in a row


Time Warner Inc. (TWX) Technical Analysis Report for Apr 16, 2018 [< 1 min read]
Highlights
TWX pushes through key resistance level
TWX closes higher for the 3rd day in a row
TWX pushes through previous session high
TWX rises to highest close since November 1, 2017
TQ Sentiment
Report Sentiment: 50% Bullish
Technical Forecast:
Overview

Moving higher for the 3rd day in a row, TWX ended Monday at 97.34 gaining $0.66 (0.68%). Today's closing price of 97.34 marks the highest close since November 1, 2017. Closing above Friday's high at 97.09, the share confirms its breakout through the prior session's high having traded $0.54 above it intraday.

Daily chart for TWX
Volatility

Monday's trading range was $0.86 (0.89%), that's below last trading month's daily average range of $1.17. Things look different on a weekly scale, where volatility is below the markets average with the monthly volatility being slightly above average.

Support/Resistance

Breaking through the key resistance level at 97.16 today, it is now likely to act as support going forward.

Trend

The trend is clearly bullish, showing an intact uptrend in the short, medium and long-term.

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 Time Warner Inc.
ConditionForecastDirectionWinAvgWorstBestEvents
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