VTR rallies 1.82% closing $0.97 higher


Ventas Inc (VTR) Technical Analysis Report for Jun 14, 2018 [< 1 min read]
Highlights
VTR rallies 1.82% closing $0.97 higher
VTR pushes through key resistance level
VTR pushes through 20-day moving average
VTR closes within previous day's range
TQ Sentiment
Technical Forecast:
Overview

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 chart for VTR
Volatility

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.

Price Action

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.

Support/Resistance

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.

Trend

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.

Order Flow

Selling could accelerate should prices move below the nearby swing low at 53.42 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 bearish.

Market Conditions for Ventas Inc
ConditionForecastDirectionWinAvgWorstBestEvents
Close to S1 Support TQ Pro Members Only
Price broke through Technical Resistance R1 TQ Pro Members Only
Closed above last periods high TQ Pro Members Only
Bullish Bounce off SMA 20 TQ Pro Members Only
Bullish Intraday Reversal TQ Pro Members Only
More market conditions identified for TQ Pro members...
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