The Greedy Trader Weekly Analysis
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Archive
- 5/10/2019
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Endo International
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Summary:
Weekly :Oversold sectorWilliams' Percentage Range and Lane's Stochastic are oversold
Daily :Bullish Meeting Lines CandlestickPrice is close to the 50 Day Moving Average
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It was the negative week for the Endo International (ENDP). During the week, the ENDP dropped -0.14 points, or -1.71%, and closed at 8.06 on Friday, May 10, 2019. Weekly volume was -12% below average.

ENDP is a member of Healthcare Sector. Healthcare is the most oversold 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 ENDP long-term trend chart]
A long-term uptrend had started on April 4, 2018 at 5.27 and reached 18.50 on October 17, 2018. ENDP gained -13.23 points, or -251.04%, in 28 weeks. The chart has formed a Falling Pennant chart pattern. The trend support level is at 7.67 and resistance is at 9.15. 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 ENDP medium-term trend chart]
A medium-term downtrend had started on October 17, 2018 at 18.50 and reached 6.87 on December 27, 2018. ENDP lost 11.63 points, or 62.86%, in 10 weeks. The chart has formed a Ascending Triangle chart pattern. The trend support level is at 6.87 and resistance is at 9.15. An Ascending Triangle is a variation of triangle formation that has a flat resistance line and rising support line. The higher lows indicate an increasing demand and give the ascending triangle definitive bullish bias. An Ascending Triangle usually represents an accumulation stage in bullish market. An Ascending Triangle is considered to be a continuation pattern, especially in an uptrend, but it may also mark a reversal in a downtrend. Use the following link to access a Ascending Triangle chart pattern help, or use a Technical Stock Screener to see the list of stocks with Ascending Triangle pattern in a medium-term trend.

Weekly Technical Indicators: [See ENDP weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold Williams' Percentage Range and 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 links to access Lane's Stochastic and Williams' Percentage Range help.

The weekly MACD line is below its signal line since November 2, 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 ENDP short-term trend chart]
A short-term uptrend had started on April 22, 2019 at 6.87 and reached 8.55 on May 9, 2019. ENDP gained -1.68 points, or -24.45%, in 17 days. The price is now at the 29.17% retracement level.

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

The daily MACD line is above its signal line since April 24, 2019. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term uptrend is getting weak.

Price is close to the 50 Day Moving Average. 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.

Candlestick pattern: [See ENDP candlestick chart pattern]
On Friday the chart has formed a Bullish Meeting Lines Candlestick pattern. This pattern appears during a decline, and it is a sign that a potential bullish reversal is in play. The reliability of the Bullish Meeting Lines Candlestick pattern is medium. Use the Technical Stock Screener to see the list of stocks that had a Bullish Meeting Lines Candlestick pattern during the last week.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 67.04
Williams' Percentage Range (W%R) 36.30
Lane's Stochastic (%D-Slow) 71.04
Greed/Fear Indicator (GFI) 67.26
Moving Average Converg./Diverg. (MACD) -0.12
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 36.76
Williams' Percentage Range (W%R) 81.00
Oversold
Lane's Stochastic (%D-Slow) 17.28
Oversold
Greed/Fear Indicator (GFI) 25.63
Moving Average Converg./Diverg. (MACD) -1.01
Trading Signals
Description Value Chart
Monthly Trendline Resistance 9.15
Quarterly Trendline Resistance 9.15
Upper Bollinger Band 8.58
Daily Stochastic Crossing 8.13
50 Day Moving Average 8.13
Price 8.06
Parabolic System 7.75
Quarterly Trendline Support 7.67
20 Day Moving Average 7.65
Weekly Stochastic Crossing 7.29
Lower Bollinger Band 7.19
Monthly Trendline Support 6.87
Sector and Industry
Description Name Rank
Sector Healthcare 1
Industry Drug Manufacturers/Other 23
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 6.87
Low Date 04/22/2019
High 8.55
High Date 05/09/2019
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 12.49
High Date 02/28/2019
Low 6.87
Low Date 04/22/2019
Description Value
Direction Down
Chart Pattern Ascending Triangle
Status Valid
Resistance 9.15
Support 6.87
High 18.50
High Date 10/17/2018
Low 6.87
Low Date 12/27/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Falling Pennant
Status Valid
Resistance 9.15
Support 7.67
Low 5.27
Low Date 04/04/2018
High 18.50
High Date 10/17/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 96.58
High Date 04/16/2015
Low 5.27
Low Date 04/04/2018
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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