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Archive
- 10/5/2018
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Acuity Brands Inc
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Summary:
Weekly :Overbought sectorStochastic signal line moved below overbought areaBroken trend resistance line
Daily :The price is below the lower Bollinger BandWilliams' Percentage Range oversoldLane's Stochastic is strongly oversoldPrice has crossed below the 50 Day Moving AverageThe period of high volatility of the stock price
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It was the negative week for the Acuity Brands Inc (AYI). During the week, the AYI dropped -26.21 points, or -16.67%, and closed at 130.99 on Friday, October 05, 2018. Weekly volume was 157% above 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 (88.62) 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 173.01 on September 21, 2018. AYI gained -63.03 points, or -57.31%, in 19 weeks. The price is now at the 66.67% 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 below overbought area. 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 link to access Lane's Stochastic help.

The weekly MACD line is above its signal line since June 15, 2018. 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 September 21, 2018 at 173.01 and reached 128.95 on October 5, 2018. AYI lost 44.06 points, or 25.47%, in 14 days. Price is near the trend low.

Daily Technical Indicators: [See AYI daily technical indicators chart]
Daily Williams' Percentage Range is oversold while Lane's Stochastic is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold daily Williams' Percentage Range or strongly oversold daily Lane's Stochastic. Use the following link to access Williams' Percentage Range help.

The daily MACD line is below its signal line since September 24, 2018. This is an indication that the short-term trend is down. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current short-term downtrend is strong.

The price has closed on Friday below the lower Bollinger Band. It is considered a bearish signal. The distance between the Bollinger Bands is 111.73% higher then one year average. It indicates the period of high volatility of the stock price. 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.

During the last week, the price has crossed below the 50 Day Moving Average. While the medium-term trend is up and daily technical indicators are oversold, the 50 Day Moving Average is considered a support level. 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) 20.99
Williams' Percentage Range (W%R) 87.10
Oversold
Lane's Stochastic (%D-Slow) 7.45
Strong Oversold
Greed/Fear Indicator (GFI) 13.76
Oversold
Moving Average Converg./Diverg. (MACD) 1.45
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 58.12
Williams' Percentage Range (W%R) 65.00
Lane's Stochastic (%D-Slow) 72.00
Greed/Fear Indicator (GFI) 52.16
Moving Average Converg./Diverg. (MACD) 0.00
Trading Signals
Description Value Chart
Upper Bollinger Band 169.28
Weekly Stochastic Crossing 158.86
Parabolic System 156.43
20 Day Moving Average 154.96
50 Day Moving Average 148.13
Lower Bollinger Band 132.22
Daily Stochastic Crossing 131.67
Price 130.99
Yearly Trendline Resistance 114.31
Sector and Industry
Description Name Rank
Sector Services 8
Industry Electronics Wholesale 97
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 173.01
High Date 09/21/2018
Low 128.95
Low Date 10/05/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 173.01
High Date 09/21/2018
Low 128.95
Low Date 10/05/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 173.01
High Date 09/21/2018
Low 128.95
Low Date 10/05/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 109.98
Low Date 05/07/2018
High 173.01
High Date 09/21/2018
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Broken Resistance
Resistance 114.31
Support 88.62
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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