VRSK runs into sellers again around 110.30


Verisk Analytics (VRSK) Technical Analysis Report for Jun 14, 2018 [1 min read]
Highlights
VRSK closes higher for the 3rd day in a row
VRSK runs into sellers again around 110.30
VRSK rises to highest close since Inception
VRSK still stuck within tight trading range
VRSK closes within previous day's range
TQ Sentiment
Technical Forecast:
Overview

Moving higher for the 3rd day in a row, VRSK finished Thursday at 109.97 gaining $0.27 (0.25%). Today's closing price of 109.97 marks the highest close since Inception. Closing within the prior day's range, prices failed to decisively move beyond the previous day's trading range. Ending the day with an indecisive close, neither buyers nor sellers were able to gain control during the session.

Daily chart for VRSK
Volatility

Thursday's trading range was $1.23 (1.12%), that's slightly below last trading month's daily average range of $1.32. Things look different on a weekly scale, where volatility is below the markets average with the monthly volatility being way below average. Prices continued to consolidate within a tight trading range between 108.80 and 110.30 which it has been in now for the last trading week.

Price Action

In a volatile session, prices traded above the prior day's high as well as below the previous day's low, forming a bearish Outside Bar.

Support/Resistance

After having been unable to move above 110.26 in the prior session, the market ran into sellers again around the same price level today, failing to move higher than 110.30.

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 nearby swing low at 108.80 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 Verisk Analytics
ConditionForecastDirectionWinAvgWorstBestEvents
3 Consecutive Lower Closes TQ Pro Members Only
Close to S1 Support TQ Pro Members Only
Close to Swing High TQ Pro Members Only
Bounced off Technical Support S1 TQ Pro Members Only
RSI(2) below 20 TQ Pro Members Only
More market conditions identified for TQ Pro members...
Learn more about TQ Pro
Latest Report:

VRSK finds buyers at key support level

Jun 19, 2018
Trending Assets

Upgrade your trading!

Get the stats behind the charts

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

Signup

Stocks Top Movers

ETHUSD 536.1919.91 3.86%
NKY 22,555.43276.95 1.24%
HSI 29,696.17228.02 0.77%
BTCUSD 6,737.8430.35 0.45%
DXY 94.7300.270 0.29%
EURUSD 1.1592-0.0031 -0.27%
GOLD 1,277.0-3.6 -0.28%
NDX 7,228.04-23.37 -0.32%
FTSE 7,603.85-27.45 -0.36%
SPX 2,762.57-11.30 -0.41%
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 ABBV98.01 -0.47
-0.48%
ACN 10 day candlestick chart for ACN163.31 0.43
0.26%
ADBE 10 day candlestick chart for ADBE251.74 -3.95
-1.54%
AAP 10 day candlestick chart for AAP138.30 0.06
0.04%
AES 10 day candlestick chart for AES13.08 0.01
0.08%
AET 10 day candlestick chart for AET189.28 2.33
1.25%
AFL 10 day candlestick chart for AFL45.00 -0.17
-0.38%
AMG 10 day candlestick chart for AMG154.00 1.00
0.65%
A 10 day candlestick chart for A63.52 -1.45
-2.23%
ABT 10 day candlestick chart for ABT62.34 -0.48
-0.76%