VFC closes within prior day's range
V.F. Corp. (VFC) Technical Analysis Report for Sep 14, 2018
VFC ended the week 1.92% higher at 91.17 after edging lower $0.04 (-0.04%) today. The bears were in full control today, moving the market lower throughout the whole session. Closing within the prior day's range, prices failed to decisively move beyond the previous day's trading range. Ending with a weak close near the low of the day sets a bearish note for the next session.
Friday's trading range was $2.22 (2.39%), that's far above last trading month's daily average range of $1.21. Weekly volatility is also higher, being above the markets average with the monthly volatility being below average.
After trading as low as 90.75 during the day, the stock bounced off the key support level at 90.97. The failure to close below the support might increase that levels importance as support going forward. After trading as low as 90.75 during the day, the share found support at the 50-day moving average at 90.85.
Though the market is currently in a short-term down trend, this could just be a correction, as the medium and long term trends are both positive.
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 V.F. Corp.
|Condition||Forecast||Direction||Direction||Win Rate||Win Rate||Exit Day||Exit Day||Events|
|2 Consecutive Lower Closes||TQ Pro Members Only|
|Bearish Bounce off SMA 20||TQ Pro Members Only|
|Low close to previous low||TQ Pro Members Only|
|Bullish Intraday Reversal||TQ Pro Members Only|
|Bounced off Technical Support S1||TQ Pro Members Only|
More market conditions identified for TQ Pro members...
Learn more about TQ Pro
Top Market Movers