UA closes lower for the 4th day in a row
Under Armour Inc. Class C (UA) Technical Analysis Report for Jun 14, 2018 | by Techniquant Editorial Team
Moving lower for the 4th day in a row, UA ended Thursday at 21.73 edging lower $0.04 (-0.18%). Today's closing price of 21.73 marks the lowest close since June 7th. Trading $0.33 higher after the open, the stock was unable to hold its gains as the bears took control ending the day below its opening price. Ending the day with an indecisive close, neither buyers nor sellers were able to gain control during the session.
Daily Candlestick Chart (UA as at Jun 14, 2018):
Thursday's trading range was $0.71 (3.26%), that's slightly above last trading month's daily average range of $0.68. 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 a key support level at 21.38.
The trend is clearly bullish, showing an intact uptrend in the short, medium and long-term.
Selling could speed up should prices move below the close-by swing low at 21.38 where further sell stops might get activated.