VTR rallies 1.82% closing $0.97 higher
Ventas Inc. (VTR) Technical Analysis Report for Jun 14, 2018 | by Techniquant Editorial Team
VTR finished Thursday at 54.41 surging $0.97 (1.82%). This is the biggest single day gain in over a month. Closing within the prior day's range, prices failed to decisively move beyond the previous day's trading range.
Daily Candlestick Chart (VTR as at Jun 14, 2018):
Thursday's trading range was $1.16 (2.16%), that's above last trading month's daily average range of $0.96. Things look different on a weekly scale, where volatility is slightly below the markets average with the monthly volatility being slightly below average.
During the whole day, prices traded within the prior day's range, unable to trade above the previous day's high or below the prior day's low forming an Inside Bar.
Breaking through the key resistance level at 53.95 today, it is now likely to act as support going forward. Prices are trading close to the key resistance level at 55.02.
The share shows weakness in the short-term (in accordance with its long-term downtrend) with only the medium-term trend being bullish. Ventas Inc managed to break above the 20-day moving average at 53.88 today for the first time since May 21st.
Selling could accelerate should prices move below the nearby swing low at 53.42 where further sell stops might get activated.