End of a slump? After six days of going down, Under Armour up 0.58% today

A quick look at today: Under Armour improves 0.58% to close at $8.63 today.

Trend analysis indicates that the Commodity Channel Index (CCI) indicator is below -100, meaning the market price is unusually low and below its rolling moving average. Technical analysis indicates that a new, strong downtrend could be forthcoming with short positions favored. Momentum evaluation shows that the Relative Strength Index indicates Under Armour is in an oversold condition, which could precipitate a reversal and set up a new bullish phase. Asset volatility analysis shows that Under Armour's lower Bollinger Band® is at $8.49, indicating that the market is oversold and fertile for new buyers.

With market volatility ebbing, the current technical outlook indicates Under Armour will remain range-bound for the immediate future.

While Under Armour was bullish today, the following consumer discretionary stocks underperformed: Toyota closed at $133.48 (down 1.78%). McDonald's falls 1.25% today to close at $270.57. Walt Disney went down 1.16%, closed at $94.29.

Trending downwards for around a month. Approximately 11 months ago, the sports equipment company reached a significant high of $18.03 but has struggled to hold onto its gains and declined 52.41% since then.