LendingTree Inc (TREE): Price Now Near $154.2; Daily Chart Shows Downtrend on 50 Day Basis

The Hourly View for TREE

At the time of this writing, TREE (Get Ratings)’s price is down $-2.48 (-1.58%) from the hour prior. It’s been a feast for bears operating on an hourly timeframe, as TREE has now gone down 4 of the past 5 hours. Regarding the trend, note that the strongest trend exists on the 20 hour timeframe. The moving averages on the hourly timeframe suggest a bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend.

Out of Banking stocks, TREE ranks 206th in regards to today’s price percentage change.

TREE’s Technical Outlook on the Daily Chart

Currently, TREE’s price is down $-1.2 (-0.77%) from the day prior. This is a reversal of the price action on the previous day, in which price moved up. As for the trend on the daily timeframe, we see the clearest trend on the 20 day timeframe. The moving averages on the daily timeframe suggest a bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend. LendingTree Inc’s price action over the past 90 days can be seen via the chart below.

TREE

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TREE: Daily RSI Analysis

  • For TREE, its RSI is now at 0.9804.
  • Note: TREE and RSI appear to be diverging in terms of their respective trends, with TREE declining at a faster rate than RSI.

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