The Greedy Trader Weekly Analysis
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Archive
- 12/7/2018
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Michael Kors
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Summary:
Weekly :Overbought sectorBroken trend support lineBroken trend support lineRelative Strength Index, Williams' Percentage Range and Lane's Stochastic are oversold
Daily :The price is below the lower Bollinger Band
Move cursor over the icon to see details.

It was the negative week for the Michael Kors (KORS). During the week, the KORS dropped -3.27 points, or -7.47%, and closed at 40.48 on Friday, December 07, 2018. Weekly volume was 55% above average.

KORS is a member of Consumer Goods Sector. Consumer Goods 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 KORS long-term trend chart]
A long-term downtrend had started on August 22, 2018 at 75.96 and reached 40.40 on December 7, 2018. KORS lost 35.56 points, or 46.81%, in 15 weeks. The chart has formed a Falling Channel chart pattern. The downtrend support line (46.79) is broken. Usually a broken support is considered to be a long-term bearish signal, although a short-term pull back is possible. 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 support in a long-term trend.

Medium-term trend: [See KORS medium-term trend chart]
A medium-term downtrend had started on November 2, 2018 at 60.38 and reached 40.40 on December 7, 2018. KORS lost 19.98 points, or 33.09%, in 5 weeks. The chart has formed a Rectangle chart pattern. The downtrend support line (43.20) is broken. Usually a broken support is considered to be a long-term bearish signal, although a short-term pull back is possible. 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 support in a medium-term trend.

Weekly Technical Indicators: [See KORS weekly technical indicators chart]
Weekly Relative Strength Index, Williams' Percentage Range and Lane's Stochastic are strongly oversold. Use the Technical Stock Screener to see the list of stocks with weekly strongly oversold Relative Strength Index, 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, Relative Strength Index and Williams' Percentage Range help.

The weekly MACD line is below its signal line since September 21, 2018. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is near its high, but getting smaller. It indicates that the current medium-term downtrend is still strong, and momentum is beginning to wane. Use the following link to access a MACD help.

Short-term trend: [See KORS short-term trend chart]
A short-term downtrend had started on December 3, 2018 at 45.58 and reached 40.40 on December 7, 2018. KORS lost 5.18 points, or 11.36%, in 4 days. Price is near the trend low.

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

The daily MACD line is above its signal line since November 26, 2018. The distance between MACD and the signal line is low and getting smaller.

The price has closed on Friday below the lower Bollinger Band. It is considered a bearish signal. 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) 27.36
Williams' Percentage Range (W%R) 76.10
Lane's Stochastic (%D-Slow) 30.28
Greed/Fear Indicator (GFI) 27.17
Moving Average Converg./Diverg. (MACD) -3.79
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 8.58
Strong Oversold
Williams' Percentage Range (W%R) 93.20
Strong Oversold
Lane's Stochastic (%D-Slow) 6.51
Strong Oversold
Greed/Fear Indicator (GFI) 13.66
Oversold
Moving Average Converg./Diverg. (MACD) -1.75
Trading Signals
Description Value Chart
50 Day Moving Average 54.83
Upper Bollinger Band 50.90
Quarterly Trendline Resistance 48.18
Quarterly Trendline Support 46.79
Monthly Trendline Resistance 45.56
20 Day Moving Average 45.35
Parabolic System 44.61
Monthly Trendline Support 43.20
Daily Stochastic Crossing 42.04
Lower Bollinger Band 41.95
Weekly Stochastic Crossing 41.35
Price 40.48
Sector and Industry
Description Name Rank
Sector Consumer Goods 8
Industry Textile-Apparel Clothing 54
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 45.58
High Date 12/03/2018
Low 40.40
Low Date 12/07/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 45.58
High Date 12/03/2018
Low 40.40
Low Date 12/07/2018
Description Value
Direction Down
Chart Pattern Rectangle
Status Broken Support
Resistance 45.56
Support 43.20
High 60.38
High Date 11/02/2018
Low 40.40
Low Date 12/07/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Falling Channel
Status Broken Support
Resistance 48.18
Support 46.79
High 75.96
High Date 08/22/2018
Low 40.40
Low Date 12/07/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 32.38
Low Date 05/31/2017
High 75.96
High Date 08/22/2018
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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