UA closes lower for the 4th day in a row


Under Armour (UA) Technical Analysis Report for Jun 14, 2018 | by Techniquant Editorial Team

Highlights

UA closes below its opening price unable to hold early session gains
UA closes lower for the 4th day in a row
UA falls to lowest close since June 7th
UA ends the day indecisive

Overview

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):

Daily technical analysis candlestick chart for Under Armour (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.


Market Conditions for UA as at Jun 14, 2018

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UA closes lower for the 3rd day in a row

Oct 19, 2018
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