WLTW closes within prior day's range
Willis Towers Watson Public Limited Company (WLTW) Technical Analysis Report for Apr 18, 2019 | by Techniquant Editorial Team
WLTW finished Thursday at 177.37 gaining $0.47 (0.27%), slightly outperforming the S&P 500 (0.16%) ahead of tomorrow's Good Friday market holiday. Closing within the previous day's range, prices failed to decisively move beyond the prior day's trading range.
Daily Candlestick Chart (WLTW as at Apr 18, 2019):
Thursday's trading range has been $3.48 (1.95%), that's above the last trading month's daily average range of $2.45. Weekly volatility is also higher, being above the market's average weekly trading range. The longer-term, monthly volatility is currently significantly lower than usual for WLTW.
Prices are trading close to the key technical resistance level at 178.61 (R1).
While Willis Towers is currently in a short-term downtrend, this might just be a correction, as both the medium and long-term trends are still bullish.
As prices are trading close to April's low at 174.51, downside momentum could speed up should the stock mark new lows for the month.