SQ price is currently above a resistance level, preparing to hit the next resistance, or even going higher than that. The stock is a more favorable pair among others because its bullish call looks indisputably.
Supply levels: $75, $79, and $83
Demand levels: $70, $66, and $60
SQ Medium-term Trend: Bullish
The market sitting above the price resistance level of $70 makes it a favorite market pair for a bullish trend. Hopefully, the price is expected to surge higher to the resistance levels of $75, or $79, and even $83.
The daily chart shows that the price is above the 14 and 50 Exponential Moving Averages, thus suggesting a bullish outlook. And the MACD Histogram is also showing an uptrend.
SQ Short-term Trend: Ranging
The market was able to break a price barrier at the short-term outlook, after that the market momentum slow down giving rise to a counter market movement, however, this will give the market a time to gather needed strength align with the bigger trend direction.
The 4-Hours chart shows that the price is trying to meet up with the Exponential Moving Averages of 14 and 50 days, also, the MACD Histogram bars are indicating falling bars, all pointing to a ranging market trend.