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Archive
- 8/10/2018
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Acuity Brands Inc
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Summary:
Weekly :Overbought sectorBroken trend resistance line
Daily :Daily  MACD line has moved below its signal line
Move cursor over the icon to see details.

It was the negative week for the Acuity Brands Inc (AYI). During the week, the AYI gave back -0.77 points, or -0.56%, and closed at 135.71 on Friday, August 10, 2018. Weekly volume was -60% below average.

AYI is a member of Services Sector. Services is the second most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.

Long-term trend: [See AYI long-term trend chart]
A long-term downtrend had started on August 23, 2016 at 280.89 and reached 109.98 on May 7, 2018. AYI lost 170.91 points, or 60.85%, in 88 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (96.48) is broken. A broken support is considered to be a long-term bullish signal. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a long-term trend.

Medium-term trend: [See AYI medium-term trend chart]
A medium-term uptrend had started on May 7, 2018 at 109.98 and reached 140.81 on July 31, 2018. AYI gained -30.83 points, or -28.03%, in 12 weeks. The price is now at the 16.54% retracement level.

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

The weekly MACD line is above its signal line since June 15, 2018. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current medium-term uptrend is strong. 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 August 6, 2018 at 138.43 and reached 133.18 on August 8, 2018. AYI lost 5.25 points, or 3.79%, in 2 days. The price is now at the 48.19% retracement level.

Daily Technical Indicators: [See AYI 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 63.49
Williams' Percentage Range (W%R) 52.00
Lane's Stochastic (%D-Slow) 41.10
Greed/Fear Indicator (GFI) 50.86
Moving Average Converg./Diverg. (MACD) 2.83
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 74.49
Williams' Percentage Range (W%R) 36.70
Lane's Stochastic (%D-Slow) 76.23
Greed/Fear Indicator (GFI) 66.00
Moving Average Converg./Diverg. (MACD) -8.76
Trading Signals
Description Value Chart
Upper Bollinger Band 138.69
Price 135.71
Daily Stochastic Crossing 135.17
Weekly Stochastic Crossing 134.69
20 Day Moving Average 134.23
Parabolic System 132.75
Lower Bollinger Band 128.66
50 Day Moving Average 127.41
Yearly Trendline Resistance 126.48
Sector and Industry
Description Name Rank
Sector Services 8
Industry Electronics Wholesale 132
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 138.43
High Date 08/06/2018
Low 133.18
Low Date 08/08/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 138.43
High Date 08/06/2018
Low 133.18
Low Date 08/08/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 140.81
High Date 07/31/2018
Low 133.18
Low Date 08/08/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 109.98
Low Date 05/07/2018
High 140.81
High Date 07/31/2018
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Broken Resistance
Resistance 126.48
Support 96.48
High 280.89
High Date 08/23/2016
Low 109.98
Low Date 05/07/2018
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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