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Archive
- 7/13/2018
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Mallinckrodt Plc
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Summary:
Weekly :Overbought sectorLane's Stochastic is overboughtWilliams' Percentage Range is strongly overboughtLane's Stochastic bearish divergence
Daily :Lane's Stochastic is overboughtWilliams' Percentage Range is strongly overboughtDaily  MACD line has moved above its signal lineThe price is above the upper Bollinger Band
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It was a second consecutive positive week for the Mallinckrodt Plc (MNK). During the week, the MNK gained 1.73 points, or 8.68%, and closed at 21.65 on Friday, July 13, 2018. MNK was trading at average weekly trading volume.

MNK is a member of Healthcare Sector. Healthcare 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 MNK long-term trend chart]
A long-term downtrend had started on March 23, 2015 at 134.26 and reached 11.65 on May 4, 2018. MNK lost 122.61 points, or 91.32%, in 162 weeks. The chart has formed a Broadening Symmetric Wedge chart pattern. The trend support level is at 8.76 and resistance is at 109.14. A Broadening Symmetric Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Symmetric Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Symmetric Wedge pattern in a long-term trend.

Medium-term trend: [See MNK medium-term trend chart]
A medium-term uptrend had started on May 4, 2018 at 11.65 and reached 21.77 on July 12, 2018. MNK gained -10.12 points, or -86.87%, in 9 weeks. Price is near the trend high.

Weekly Technical Indicators: [See MNK weekly technical indicators chart]
Weekly Lane's Stochastic is overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Lane's Stochastic or strongly overbought weekly Williams' Percentage Range. Weekly Lane's Stochastic has bearish divergence. Use the following links to access the Lane's Stochastic help, or use the Technical Stock Screener to see the list of stocks with weekly Lane's Stochastic bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading 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 links to access Lane's Stochastic and Williams' Percentage Range help.

The weekly MACD line is above its signal line since March 2, 2018. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is near its 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 MNK short-term trend chart]
A short-term uptrend had started on June 27, 2018 at 18.20 and reached 21.77 on July 12, 2018. MNK gained -3.57 points, or -19.62%, in 15 days. Price is near the trend high.

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

During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.

The price has closed on Friday above the upper Bollinger Band. It is considered a bullish 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) 69.77
Williams' Percentage Range (W%R) 4.80
Strong Overbought
Lane's Stochastic (%D-Slow) 89.63
Overbought
Greed/Fear Indicator (GFI) 84.88
Overbought
Moving Average Converg./Diverg. (MACD) 0.81
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 76.19
Williams' Percentage Range (W%R) 3.50
Strong Overbought
Lane's Stochastic (%D-Slow) 86.80
Overbought Bearish
Greed/Fear Indicator (GFI) 83.58
Overbought
Moving Average Converg./Diverg. (MACD) -2.54
Trading Signals
Description Value Chart
Price 21.65
Upper Bollinger Band 21.58
Daily Stochastic Crossing 21.49
Weekly Stochastic Crossing 20.85
20 Day Moving Average 19.78
Parabolic System 19.68
Lower Bollinger Band 17.89
50 Day Moving Average 17.63
Sector and Industry
Description Name Rank
Sector Healthcare 9
Industry Drugs - Generic 93
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 18.31
Low Date 07/02/2018
High 21.77
High Date 07/12/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 18.20
Low Date 06/27/2018
High 21.77
High Date 07/12/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 11.65
Low Date 05/04/2018
High 21.77
High Date 07/12/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 85.83
High Date 08/24/2016
Low 11.65
Low Date 05/04/2018
Description Value
Direction Down
Chart Pattern Broadening Symmetric Wedge
Status Valid
Resistance 109.14
Support 8.76
High 134.26
High Date 03/23/2015
Low 11.65
Low Date 05/04/2018
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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