The Greedy Trader Weekly Analysis
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Archive
- 6/7/2019
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Pitney-Bowes
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Summary:
Weekly :Williams' Percentage Range oversoldLane's Stochastic is strongly oversoldStochastic has raised above the signal line
Daily :Stochastic has raised above the signal lineDaily  MACD line has moved above its signal lineThe price has risen above the Parabolic SAR
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It was a first positive week after 5 consecutive negative weeks for the Pitney-Bowes (PBI). During the week, the PBI gained 0.47 points, or 12.88%, and closed at 4.12 on Friday, June 7, 2019. It was the best weekly gain since March 29, 2019. PBI was trading at average weekly trading volume.

Long-term trend: [See PBI long-term trend chart]
A long-term downtrend had started on July 15, 2014 at 28.37 and reached 3.41 on May 31, 2019. PBI lost 24.96 points, or 87.98%, in 254 weeks. The chart has formed a Falling Channel chart pattern. The trend support level is at 3.50 and resistance is at 8.72. 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 long-term trend.

Medium-term trend: [See PBI medium-term trend chart]
A medium-term downtrend had started on February 22, 2019 at 8.32 and reached 3.41 on May 31, 2019. PBI lost 4.91 points, or 59.01%, in 14 weeks. The price is now at the 14.46% retracement level.

Weekly Technical Indicators: [See PBI weekly technical indicators chart]
Weekly Williams' Percentage Range is oversold while Lane's Stochastic is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold weekly Williams' Percentage Range or strongly oversold weekly Lane's Stochastic. During the last week, weekly 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 links to access Lane's Stochastic and Williams' Percentage Range help.

The weekly MACD line is below its signal line since May 3, 2019. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current medium-term downtrend is strong. Use the following link to access a MACD help.

Short-term trend: [See PBI short-term trend chart]
A short-term downtrend had started on April 30, 2019 at 7.23 and reached 3.41 on May 31, 2019. PBI lost 3.82 points, or 52.84%, in 31 days. The price is now at the 18.59% retracement level.

Daily Technical Indicators: [See PBI 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.

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) 33.05
Williams' Percentage Range (W%R) 66.70
Lane's Stochastic (%D-Slow) 48.27
Greed/Fear Indicator (GFI) 38.22
Moving Average Converg./Diverg. (MACD) -0.53
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 25.73
Williams' Percentage Range (W%R) 86.30
Oversold
Lane's Stochastic (%D-Slow) 9.85
Strong Oversold
Greed/Fear Indicator (GFI) 19.56
Oversold
Moving Average Converg./Diverg. (MACD) -0.49
Trading Signals
Description Value Chart
50 Day Moving Average 5.78
Upper Bollinger Band 5.50
20 Day Moving Average 4.53
Price 4.12
Daily Stochastic Crossing 4.05
Lower Bollinger Band 3.74
Weekly Stochastic Crossing 3.71
Parabolic System 3.51
Yearly Trendline Support 3.50
Sector and Industry
Description Name Rank
Sector Consumer Goods 7
Industry Business Equipment 57
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 7.23
High Date 04/30/2019
Low 3.41
Low Date 05/31/2019
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 7.28
High Date 04/24/2019
Low 3.41
Low Date 05/31/2019
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 8.32
High Date 02/22/2019
Low 3.41
Low Date 05/31/2019
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 14.80
High Date 01/31/2018
Low 3.41
Low Date 05/31/2019
Description Value
Direction Down
Chart Pattern Falling Channel
Status Valid
Resistance 8.72
Support 3.50
High 28.37
High Date 07/15/2014
Low 3.41
Low Date 05/31/2019
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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