The Greedy Trader Weekly Analysis
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Archive
- 6/7/2019
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People's United Financial Inc.
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Summary:
Weekly :Overbought sectorBroken trend support line
Daily :Stochastic has raised above the signal lineDaily  MACD line has moved above its signal lineThe price has risen above the Parabolic SAR
Move cursor over the icon to see details.

It was a first positive week after 4 consecutive negative weeks for the People's United Financial Inc. (PBCT). During the week, the PBCT gained 0.61 points, or 3.97%, and closed at 15.98 on Friday, June 7, 2019. It was the best weekly gain since January 18, 2019. Weekly volume was -36% below average.

PBCT is a member of Financial Sector. Financial 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 PBCT long-term trend chart]
A long-term uptrend had started on December 26, 2018 at 13.66 and reached 18.03 on March 4, 2019. PBCT gained -4.37 points, or -31.99%, in 9 weeks. The chart has formed a Rising Pennant chart pattern. The uptrend support line (17.52) is broken. A broken support is considered to be a long-term bearish signal. 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 downtrend had started on March 4, 2019 at 18.03 and reached 15.31 on May 31, 2019. PBCT lost 2.72 points, or 15.09%, in 12 weeks. The chart has formed a Falling Channel chart pattern. The trend support level is at 15.28 and resistance is at 17.45. A Falling Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Falling Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Falling Channel pattern in a medium-term trend.

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

The weekly MACD line is below its signal line since May 17, 2019. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term downtrend is getting stronger. 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 May 6, 2019 at 17.66 and reached 15.31 on May 31, 2019. PBCT lost 2.35 points, or 13.31%, in 25 days. The chart has formed a Falling Channel chart pattern.

Daily Technical Indicators: [See PBCT daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic main line (%K) has rallied above the oversold signal line (%D). Such crossover is considered a bullish 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 link to access Lane's Stochastic help.

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

During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 45.91
Williams' Percentage Range (W%R) 61.00
Lane's Stochastic (%D-Slow) 70.85
Greed/Fear Indicator (GFI) 51.93
Moving Average Converg./Diverg. (MACD) -0.29
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 36.48
Williams' Percentage Range (W%R) 69.30
Lane's Stochastic (%D-Slow) 34.67
Greed/Fear Indicator (GFI) 36.54
Moving Average Converg./Diverg. (MACD) -0.04
Trading Signals
Description Value Chart
Monthly Trendline Support 17.52
Monthly Trendline Resistance 17.47
Weekly Trendline Resistance 17.45
Upper Bollinger Band 16.93
50 Day Moving Average 16.67
20 Day Moving Average 16.10
Daily Stochastic Crossing 16.02
Price 15.98
Weekly Stochastic Crossing 15.90
Parabolic System 15.40
Lower Bollinger Band 15.40
Weekly Trendline Support 15.28
Sector and Industry
Description Name Rank
Sector Financial 9
Industry Savings & Loans 44
Daily Trend
Description Value
Direction Down
Chart Pattern Falling Channel
High 17.66
High Date 05/06/2019
Low 15.31
Low Date 05/31/2019
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Falling Channel
Status Valid
Resistance 17.45
Support 15.28
High 18.03
High Date 03/04/2019
Low 15.31
Low Date 05/31/2019
Description Value
Direction Up
Chart Pattern Rising Pennant
Status Broken Support
Resistance 17.47
Support 17.52
Low 13.66
Low Date 12/26/2018
High 18.03
High Date 03/04/2019
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 20.26
High Date 03/12/2018
Low 13.66
Low Date 12/26/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 10.50
Low Date 08/22/2011
High 20.26
High Date 03/12/2018
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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