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Archive
- 8/9/2019 -
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People's United Financial Inc. (PBCT)

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Summary:
Weekly :Williams' Percentage Range is oversoldTrend support at 15.27
Daily :20 Day Moving Average has crossed below the 50 Day Moving AverageLane's Stochastic is oversold
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It was the negative week for the People's United Financial Inc. (PBCT). During the week, the PBCT gave back -0.15 points, or -0.97%, and closed at 15.25 on Friday, August 9, 2019. Weekly volume was 26% above average.

Long-term trend: [See PBCT long-term trend chart]
A long-term downtrend had started on March 12, 2018 at 20.26 and reached 13.66 on December 26, 2018. PBCT lost 6.60 points, or 32.58%, in 41 weeks. The chart has formed a Falling Channel chart pattern. The price is near the trend support (15.27) 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 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 14.74 on August 7, 2019. PBCT lost 3.29 points, or 18.25%, in 22 weeks. The price is now at the 15.50% retracement level.

Weekly Technical Indicators: [See PBCT weekly technical indicators chart]
Weekly Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold 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 below its signal line since July 26, 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 July 5, 2019 at 17.09 and reached 14.74 on August 7, 2019. PBCT lost 2.35 points, or 13.75%, in 33 days. The chart has formed a Broadening Descending Wedge chart pattern.

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

The daily MACD line is below its signal line since July 30, 2019. This is an indication that the short-term trend is down.

During the last week, the 20 Day Moving Average has crossed below the 50 Day Moving Average. Such crossover is considered a bearish 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) 34.95
Williams' Percentage Range (W%R) 77.40
Lane's Stochastic (%D-Slow) 18.59
Oversold
Greed/Fear Indicator (GFI) 25.39
Moving Average Converg./Diverg. (MACD) -0.22
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 31.90
Williams' Percentage Range (W%R) 83.60
Oversold
Lane's Stochastic (%D-Slow) 51.74
Greed/Fear Indicator (GFI) 37.87
Moving Average Converg./Diverg. (MACD) -0.11
Trading Signals
Description Value Chart
Upper Bollinger Band 17.11
Quarterly Trendline Resistance 16.49
50 Day Moving Average 16.26
20 Day Moving Average 16.05
Parabolic System 15.91
Weekly Stochastic Crossing 15.85
Quarterly Trendline Support 15.27
Price 15.25
Daily Stochastic Crossing 15.13
Lower Bollinger Band 14.69
Sector and Industry
Description Name Rank
Sector Financial 4
Industry Savings & Loans 31
Daily Trend
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
High 17.09
High Date 07/05/2019
Low 14.74
Low Date 08/07/2019
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 18.03
High Date 03/04/2019
Low 14.74
Low Date 08/07/2019
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
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 Falling Channel
Status Test Support
Resistance 16.49
Support 15.27
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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