The Greedy Trader Weekly Analysis
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Archive
- 5/10/2019
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Acuity Brands Inc
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Summary:
Weekly :Williams' Percentage Range is overboughtLane's Stochastic is strongly overboughtStochastic has declined below the signal line
Daily :The Bollinger Bands are historically close together
Move cursor over the icon to see details.

It was the negative week for the Acuity Brands Inc (AYI). During the week, the AYI dropped -1.56 points, or -1.08%, and closed at 143.55 on Friday, May 10, 2019. It was the worst weekly loss since March 22, 2019. Weekly volume was -52% below average.

Long-term trend: [See AYI long-term trend chart]
A long-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 57.63% retracement level.

Medium-term trend: [See AYI medium-term trend chart]
A medium-term uptrend had started on December 24, 2018 at 103.48 and reached 147.44 on May 1, 2019. AYI gained -43.96 points, or -42.48%, in 18 weeks. The price is now at the 8.85% retracement level.

Weekly Technical Indicators: [See AYI weekly technical indicators chart]
Weekly Williams' Percentage Range is overbought while Lane's Stochastic is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range or strongly overbought weekly Lane's Stochastic. During the last week, weekly Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish 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 links to access Lane's Stochastic and Williams' Percentage Range help.

The weekly MACD line is above its signal line since February 1, 2019. This is an indication that the medium-term trend is up. Use the following link to access a MACD help.

Short-term trend: [See AYI short-term trend chart]
A short-term downtrend had started on May 1, 2019 at 147.44 and reached 140.61 on May 10, 2019. AYI lost 6.83 points, or 4.63%, in 9 days. The price is now at the 43.05% retracement level.

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

The daily MACD line is below its signal line since April 30, 2019. This is an indication that the short-term trend is down.

The distance between the Bollinger Bands (4.1%) is close to one year low (3.79%). It is 73.75% lower than one year average. It indicates the period of low volatility of the stock price, and it is considered a buy signal for the option traders. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 48.16
Williams' Percentage Range (W%R) 60.90
Lane's Stochastic (%D-Slow) 50.13
Greed/Fear Indicator (GFI) 45.79
Moving Average Converg./Diverg. (MACD) 3.33
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 68.47
Williams' Percentage Range (W%R) 10.30
Overbought
Lane's Stochastic (%D-Slow) 93.71
Strong Overbought
Greed/Fear Indicator (GFI) 80.08
Overbought
Moving Average Converg./Diverg. (MACD) 0.61
Trading Signals
Description Value Chart
Parabolic System 146.45
Upper Bollinger Band 145.47
Weekly Stochastic Crossing 145.26
20 Day Moving Average 144.37
Daily Stochastic Crossing 143.69
Price 143.55
Lower Bollinger Band 139.60
50 Day Moving Average 135.39
Sector and Industry
Description Name Rank
Sector Services 7
Industry Electronics Wholesale 51
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 147.44
High Date 05/01/2019
Low 140.61
Low Date 05/10/2019
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 116.14
Low Date 03/28/2019
High 147.44
High Date 05/01/2019
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 103.48
Low Date 12/24/2018
High 147.44
High Date 05/01/2019
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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