The Greedy Trader Weekly Analysis
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Archive
- 1/11/2019
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Acuity Brands Inc
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Summary:
Weekly :Stochastic signal line moved above oversold area
Daily :Price has crossed above the 50 Day Moving Average
Move cursor over the icon to see details.

It was a third consecutive positive week for the Acuity Brands Inc (AYI). During the week, the AYI gained 5.06 points, or 4.34%, and closed at 121.73 on Friday, January 11, 2019. Weekly volume was -13% below average.

Long-term trend: [See AYI long-term trend chart]
A long-term downtrend had started on August 23, 2016 at 280.89 and reached 103.48 on December 24, 2018. AYI lost 177.41 points, or 63.16%, in 121 weeks. The price is now at the 10.29% retracement level.

Medium-term trend: [See AYI medium-term trend chart]
A medium-term downtrend had started on September 21, 2018 at 173.01 and reached 103.48 on December 24, 2018. AYI lost 69.53 points, or 40.19%, in 13 weeks. The price is now at the 26.25% retracement level.

Weekly Technical Indicators: [See AYI weekly technical indicators chart]
Weekly technical indicators are neutral. During the last week, weekly Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish signal. 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.

The weekly MACD line is below its signal line since October 12, 2018. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term downtrend is getting weak. Use the following link to access a MACD help.

Short-term trend: [See AYI short-term trend chart]
A short-term uptrend had started on January 3, 2019 at 110.04 and reached 127.72 on January 9, 2019. AYI gained -17.68 points, or -16.07%, in 6 days. The price is now at the 33.88% retracement level.

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

The daily MACD line is above its signal line since December 28, 2018. This is an indication that the short-term trend is up.

During the last week, the price has advanced above the 50 Day Moving Average. Such crossover is considered a bullish signal. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 68.35
Williams' Percentage Range (W%R) 26.80
Lane's Stochastic (%D-Slow) 72.00
Greed/Fear Indicator (GFI) 71.18
Moving Average Converg./Diverg. (MACD) -1.63
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 44.41
Williams' Percentage Range (W%R) 74.50
Lane's Stochastic (%D-Slow) 25.27
Greed/Fear Indicator (GFI) 33.43
Moving Average Converg./Diverg. (MACD) -4.59
Trading Signals
Description Value Chart
Upper Bollinger Band 126.23
Daily Stochastic Crossing 121.95
Price 121.73
50 Day Moving Average 120.95
Parabolic System 115.49
20 Day Moving Average 114.82
Weekly Stochastic Crossing 112.11
Lower Bollinger Band 108.20
Sector and Industry
Description Name Rank
Sector Services 4
Industry Electronics Wholesale 46
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 110.04
Low Date 01/03/2019
High 127.72
High Date 01/09/2019
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 110.04
Low Date 01/03/2019
High 127.72
High Date 01/09/2019
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 103.48
Low Date 12/24/2018
High 127.72
High Date 01/09/2019
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 173.01
High Date 09/21/2018
Low 103.48
Low Date 12/24/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 280.89
High Date 08/23/2016
Low 103.48
Low Date 12/24/2018
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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