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- 6/26/2020 -
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People's United Financial Inc. (PBCT)

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Summary:
Weekly :Broken trend support lineOversold industryTrend support at 10.51
Daily :Williams' Percentage Range and Lane's Stochastic are oversoldPrice has crossed below the 50 Day Moving Average
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It was the negative week for the People's United Financial Inc. (PBCT). During the week, the PBCT dropped -1.14 points, or -9.52%, and closed at 10.83 on Friday, June 26, 2020. Weekly volume was -61% below average.

PBCT is a member of Thrifts & Mortgage Finance Industry. Thrifts & Mortgage Finance is the fifth most oversold industry. 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 PBCT long-term trend chart]
A long-term downtrend had started on March 12, 2018 at 20.26 and reached 9.37 on April 3, 2020. PBCT lost 10.89 points, or 53.75%, in 107 weeks. The chart has formed a Descending Triangle chart pattern. The downtrend support line (14.00) 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 PBCT medium-term trend chart]
A medium-term uptrend had started on April 3, 2020 at 9.37 and reached 13.99 on June 8, 2020. PBCT gained -4.62 points, or -49.31%, in 9 weeks. The chart has formed a Rising Channel chart pattern. The price is near the trend support (10.51) line. The support is usually stronger when technical indicators are oversold. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend support line in a medium-term trend.

Weekly Technical Indicators: [See PBCT weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is above its signal line since June 5, 2020. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term uptrend is getting weak. Use the following link to access a MACD help.

Short-term trend: [See PBCT short-term trend chart]
A short-term downtrend had started on June 8, 2020 at 13.99 and reached 10.67 on June 26, 2020. PBCT lost 3.32 points, or 23.73%, in 18 days. Price is near the trend low.

Daily Technical Indicators: [See PBCT daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are oversold. Use the Technical Stock Screener to see the list of stocks with daily 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 daily MACD line is below its signal line since June 12, 2020. This is an indication that the short-term trend is down.

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) 22.79
Williams' Percentage Range (W%R) 84.30
Oversold
Lane's Stochastic (%D-Slow) 12.65
Oversold
Greed/Fear Indicator (GFI) 17.04
Oversold
Moving Average Converg./Diverg. (MACD) 0.03
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 46.30
Williams' Percentage Range (W%R) 74.00
Lane's Stochastic (%D-Slow) 56.74
Greed/Fear Indicator (GFI) 44.57
Moving Average Converg./Diverg. (MACD) -1.05
Trading Signals
Description Value Chart
Upper Bollinger Band 13.36
Parabolic System 12.52
Weekly Stochastic Crossing 12.30
20 Day Moving Average 12.18
50 Day Moving Average 11.81
Daily Stochastic Crossing 10.90
Price 10.83
Weekly Trendline Support 10.51
Lower Bollinger Band 10.35
Sector and Industry
Description Name Rank
Sector Financials 5
Industry Thrifts & Mortgage Finance 5
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 13.99
High Date 06/08/2020
Low 10.67
Low Date 06/26/2020
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Test Support
Resistance 14.29
Support 10.51
Low 9.37
Low Date 04/03/2020
High 13.99
High Date 06/08/2020
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 17.22
High Date 10/29/2019
Low 9.37
Low Date 04/03/2020
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 18.03
High Date 03/04/2019
Low 9.37
Low Date 04/03/2020
Description Value
Direction Down
Chart Pattern Descending Triangle
Status Broken Support
Resistance 15.81
Support 14.00
High 20.26
High Date 03/12/2018
Low 9.37
Low Date 04/03/2020
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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