The Greedy Trader Weekly Analysis
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- 3/15/2024 -
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International Flav/Frag (IFF) Technical Analysis

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Summary:
Weekly :Overbought sectorWilliams' Percentage Range is overboughtPrice is near the Fibonacci 23.6% retracement level
Daily :Lane's Stochastic is strongly overboughtPrice has crossed above the 50 Day Moving AverageBroken trend resistance line
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It was a second consecutive positive week for the International Flav/Frag (IFF). During the week, the IFF gained 4.10 points, or 5.21%, and closed at 82.85 on Friday, March 15, 2024. It was the best weekly gain since November 3, 2023. Weekly volume was -17% below average.

IFF is a member of Materials Sector. Materials is the 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 IFF long-term trend chart]
A long-term downtrend had started on August 11, 2021 at 157.08 and reached 62.11 on August 18, 2023. IFF lost 94.97 points, or 60.46%, in 105 weeks. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.

Medium-term trend: [See IFF medium-term trend chart]
A medium-term uptrend had started on August 18, 2023 at 62.11 and reached 83.41 on January 12, 2024. IFF gained -21.30 points, or -34.29%, in 21 weeks. Price is near the trend high.

Weekly Technical Indicators: [See IFF weekly technical indicators chart]
Weekly Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range. 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 Williams' Percentage Range help.

The weekly MACD line is above its signal line since October 13, 2023. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term uptrend is getting stronger. Use the following link to access a MACD help.

Short-term trend: [See IFF short-term trend chart]
A short-term downtrend had started on January 12, 2024 at 83.41 and reached 72.94 on February 28, 2024. IFF lost 10.47 points, or 12.55%, in 47 days. The chart has formed a Broadening Descending Wedge chart pattern. The downtrend resistance line (71.09) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. IFF may retest the broken resistance line. It is considered to be a support line now. 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 short-term trend.

Daily Technical Indicators: [See IFF daily technical indicators chart]
Daily Lane's Stochastic is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought daily overbought Lane's Stochastic. Use the following link to access Lane's Stochastic help.

The daily MACD line is above its signal line since March 6, 2024. The distance between MACD and the signal line is near its high and getting bigger.

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) 66.96
Williams' Percentage Range (W%R) 23.40
Lane's Stochastic (%D-Slow) 92.94
Strong Overbought
Greed/Fear Indicator (GFI) 78.83
Moving Average Converg./Diverg. (MACD) -0.11
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 62.18
Williams' Percentage Range (W%R) 12.50
Overbought
Lane's Stochastic (%D-Slow) 54.09
Greed/Fear Indicator (GFI) 64.92
Moving Average Converg./Diverg. (MACD) 0.33
Trading Signals
Description Value Chart
Upper Bollinger Band 85.19
Price 82.85
Daily Stochastic Crossing 82.77
Weekly Trendline Resistance 81.21
50 Day Moving Average 79.70
20 Day Moving Average 78.66
Weekly Stochastic Crossing 78.42
Parabolic System 77.41
Lower Bollinger Band 73.91
Weekly Trendline Support 71.09
Sector and Industry
Description Name Rank
Sector Materials 10
Industry Specialty Chemicals 42
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 72.94
Low Date 02/28/2024
High 83.32
High Date 03/15/2024
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Broken Resistance
Resistance 81.21
Support 71.09
High 83.41
High Date 01/12/2024
Low 72.94
Low Date 02/28/2024
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 62.11
Low Date 08/18/2023
High 83.41
High Date 01/12/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 157.08
High Date 08/11/2021
Low 62.11
Low Date 08/18/2023
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 157.40
High Date 01/17/2018
Low 62.11
Low Date 08/18/2023
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.