The Greedy Trader Weekly Analysis
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Number of records: 5
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AmerisourceBergen Corp.
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Summary:
Weekly :Trend support at 94.72
Daily :Lane's Stochastic is overboughtDaily  MACD line has moved above its signal line
Move cursor over the icon to see details.

It was a first positive week for the AmerisourceBergen Corp. (ABC). During the week, the ABC gained 1.41 points, or 1.65%, and closed at 86.82 on Friday, April 13, 2018. Weekly volume was -44% below average.

Long-term trend: [See ABC long-term trend chart]
A long-term downtrend had started on April 30, 2015 at 120.68 and reached 68.38 on October 28, 2016. ABC lost 52.30 points, or 43.34%, in 78 weeks. The chart has formed a Falling Pennant chart pattern. The trend support level is at 73.42 and resistance is at 89.57. A Falling Pennant chart pattern represents a brief pause after a sharp move in a dynamic market. It is considered one of the most reliable continuation patterns.Use the following link to access a Falling Pennant chart pattern help, or use a Technical Stock Screener to see the list of stocks with Falling Pennant pattern in a long-term trend.

Medium-term trend: [See ABC medium-term trend chart]
A medium-term uptrend had started on November 2, 2017 at 71.90 and reached 106.27 on January 29, 2018. ABC gained -34.37 points, or -47.80%, in 12 weeks. The chart has formed a Falling Pennant chart pattern. The price is near the trend support (94.72) line. The support is usually stronger when technical indicators are oversold. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend support line in a medium-term trend.

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

The weekly MACD line is below its signal line since March 16, 2018. Use the following link to access a MACD help.

Short-term trend: [See ABC short-term trend chart]
A short-term downtrend had started on February 13, 2018 at 102.00 and reached 81.58 on April 3, 2018. ABC lost 20.42 points, or 20.02%, in 49 days. The chart has formed a Broadening Right-Angled, Descending Wedge chart pattern.

Daily Technical Indicators: [See ABC daily technical indicators chart]
Daily Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Lane's Stochastic. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following link to access Lane's Stochastic help.

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

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 56.90
Williams' Percentage Range (W%R) 59.10
Lane's Stochastic (%D-Slow) 80.03
Overbought
Greed/Fear Indicator (GFI) 59.27
Moving Average Converg./Diverg. (MACD) -2.27
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 43.61
Williams' Percentage Range (W%R) 60.00
Lane's Stochastic (%D-Slow) 29.01
Greed/Fear Indicator (GFI) 37.27
Moving Average Converg./Diverg. (MACD) 2.31
Trading Signals
Description Value Chart
Upper Bollinger Band 94.95
Monthly Trendline Support 94.72
50 Day Moving Average 92.59
Yearly Trendline Resistance 89.57
Daily Stochastic Crossing 88.56
20 Day Moving Average 87.15
Price 86.82
Monthly Trendline Resistance 86.08
Weekly Stochastic Crossing 85.56
Parabolic System 84.04
Lower Bollinger Band 81.99
Yearly Trendline Support 73.42
Sector and Industry
Description Name Rank
Sector Services 5
Industry Drugs Wholesale 44
Daily Trend
Description Value
Direction Down
Chart Pattern Broadening Right-Angled, Descending Wedge
High 102.00
High Date 02/13/2018
Low 81.58
Low Date 04/03/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 106.27
High Date 01/29/2018
Low 81.58
Low Date 04/03/2018
Description Value
Direction Up
Chart Pattern Falling Pennant
Status Test Support
Resistance 86.08
Support 94.72
Low 71.90
Low Date 11/02/2017
High 106.27
High Date 01/29/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 68.38
Low Date 10/28/2016
High 106.27
High Date 01/29/2018
Description Value
Direction Down
Chart Pattern Falling Pennant
Status Valid
Resistance 89.57
Support 73.42
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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