UA closes lower for the 4th day in a row


Under Armour (UA) Technical Analysis Report for Jun 14, 2018 [< 1 min read]
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
TQ Sentiment
Report Sentiment: 0% Neutral
Technical Forecast:
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 chart for UA
Volatility

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.

Support/Resistance

Prices are trading close to a key support level at 21.38.

Trend

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

Order Flow

Selling could speed up should prices move below the close-by swing low at 21.38 where further sell stops might get activated.

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 Under Armour
Condition Forecast Direction Win Avg Worst Best Events
Down Close Near Low of Period TQ Pro Members Only
Close to R1 Resistance TQ Pro Members Only
Closed below last periods low TQ Pro Members Only
Low close to previous two Lows TQ Pro Members Only
Low close to previous low TQ Pro Members Only
More market conditions identified for TQ Pro members...
Learn more about TQ Pro
Latest Report:

UA breaks key support level

Aug 17, 2018
Trending Assets

Upgrade your trading!

Get the stats behind the charts

Find out what happened when Under Armour traded like this in the past. See the odds for each technical pattern with expected gain and loss.

Signup
Stocks Top Movers
ETHUSD 299.414.99 1.69%
BTCUSD 6,500.1790.59 1.41%
HSI 27,598.02384.61 1.41%
NATGAS 2.9440.033 1.13%
GOLD 1,191.810.8 0.91%
CAC 5,344.93-4.09 -0.08%
DAX 12,210.55-26.62 -0.22%
NKY 22,199.00-71.38 -0.32%
USDJPY 110.50-0.40 -0.36%
DXY 95.980-0.555 -0.57%
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 ABBV98.81 0.59
0.60%
ACN 10 day candlestick chart for ACN164.89 2.00
1.23%
ADBE 10 day candlestick chart for ADBE245.70 -3.19
-1.28%
AAP 10 day candlestick chart for AAP159.72 0.23
0.14%
AES 10 day candlestick chart for AES13.94 0.07
0.50%
AET 10 day candlestick chart for AET198.86 0.39
0.20%
AFL 10 day candlestick chart for AFL46.76 0.26
0.56%
AMG 10 day candlestick chart for AMG146.59 0.30
0.21%
A 10 day candlestick chart for A64.66 -0.84
-1.28%
ABT 10 day candlestick chart for ABT64.72 0.56
0.87%