VIV closes within previous day's range
Telefonica Brasil S.A. ADS (VIV) Technical Analysis Report for Jun 30, 2020 | by Techniquant Editorial Team
VIV ended the month 1.03% higher at 8.86 after losing $0.02 (-0.23%) today on high volume, notably underperforming the S&P 500 (1.54%). Closing within the prior day's range, prices failed to decisively move beyond the previous day's trading range.
Daily Candlestick Chart (VIV as at Jun 30, 2020):
Tuesday's trading range has been $0.27 (3.09%), that's slightly below the last trading month's daily average range of $0.29. Weekly volatility is also lower, being slightly below the market's average weekly trading range. The longer-term, monthly volatility is currently lower than usual for VIV.
The trend is clearly bearish, showing an intact downtrend in the short, medium and long-term.