The Greedy Trader Weekly Analysis
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Price vs. 50 Day Moving Average:Crossover
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Moving Average Crossover - stock market timing alerts.
The moving average is one of the oldest analytical tools for stock market alerts. It shows the average value of the stock price over a period of time and is used to emphasize the direction of a trend. While price is below the moving average, it is considered as bearish behaviour in relation to the trend length being viewed. When price falls from the level above the moving average to the level below the moving average, it warns that the price trend being viewed may be weakening, and it presents stock market timing alerts. The moving average is a lagging indicator of the price trend. Moving average and stock price crossover is a stock trading signal. The basic interpretation is to buy when the stock price moves above its moving average and to sell when the price moves below its moving average. The length of the moving average should match the trend time frame. We use 20 day moving average crossover to identify weekly trend and 50 day moving average crossover for monthly trend stock market alerts.
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- 11/8/2019 -
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AmerisourceBergen Corp. (ABC)

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Summary:
Weekly :
Daily :Daily  MACD line has moved below its signal lineBullish Piercing Line Candlestick
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It was the negative week for the AmerisourceBergen Corp. (ABC). During the week, the ABC gave back -0.80 points, or -0.92%, and closed at 86.07 on Friday, November 8, 2019. Weekly volume was -16% below average.

Long-term trend: [See ABC long-term trend chart]
A long-term downtrend had started on January 29, 2018 at 106.27 and reached 69.36 on December 26, 2018. ABC lost 36.91 points, or 34.73%, in 47 weeks. The price is now at the 45.27% retracement level.

Medium-term trend: [See ABC medium-term trend chart]
A medium-term downtrend had started on August 1, 2019 at 94.75 and reached 79.75 on October 3, 2019. ABC lost 15.00 points, or 15.83%, in 9 weeks. The price is now at the 42.13% retracement level.

Weekly Technical Indicators: [See ABC weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is above its signal line since October 25, 2019. The distance between MACD and the signal line is low, but getting bigger. Use the following link to access a MACD help.

Short-term trend: [See ABC short-term trend chart]
A short-term uptrend had started on October 3, 2019 at 79.75 and reached 90.00 on October 18, 2019. ABC gained -10.25 points, or -12.85%, in 15 days. The chart has formed a Symmetric Triangle chart pattern.

Daily Technical Indicators: [See ABC daily technical indicators chart]
Daily technical indicators are neutral.

During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.

Candlestick pattern: [See ABC candlestick chart pattern]
On Friday the chart has formed a Bullish Piercing Line Candlestick pattern. This pattern suggests bulls have begun to take charge of the market, and shorts have been shaken by the sudden lost of bearish momentum. The reliability of the Bullish Piercing Line pattern is moderate. Use the Technical Stock Screener to see the list of stocks that had a Bullish Piercing Line Candlestick pattern during the last week.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 48.07
Williams' Percentage Range (W%R) 73.90
Lane's Stochastic (%D-Slow) 37.87
Greed/Fear Indicator (GFI) 37.35
Moving Average Converg./Diverg. (MACD) 0.67
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 43.46
Williams' Percentage Range (W%R) 74.10
Lane's Stochastic (%D-Slow) 53.10
Greed/Fear Indicator (GFI) 43.01
Moving Average Converg./Diverg. (MACD) 0.67
Trading Signals
Description Value Chart
Upper Bollinger Band 89.36
Parabolic System 87.61
Weekly Stochastic Crossing 86.24
20 Day Moving Average 86.20
Price 86.07
Daily Stochastic Crossing 84.79
50 Day Moving Average 84.46
Lower Bollinger Band 81.76
Sector and Industry
Description Name Rank
Sector Services 7
Industry Drugs Wholesale 61
Daily Trend
Description Value
Direction Up
Chart Pattern Symmetric Triangle
Low 79.75
Low Date 10/03/2019
High 90.00
High Date 10/18/2019
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 94.75
High Date 08/01/2019
Low 79.75
Low Date 10/03/2019
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 69.36
Low Date 12/26/2018
High 94.75
High Date 08/01/2019
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 106.27
High Date 01/29/2018
Low 69.36
Low Date 12/26/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 120.68
High Date 04/30/2015
Low 68.38
Low Date 10/28/2016
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.

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