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- 6/26/2020 -
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PerkinElmer (PKI)

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Summary:
Weekly :Overbought sectorLane's Stochastic is overbought
Daily :The price has fallen below the Parabolic SAR20 Day Moving Average has crossed above the 50 Day Moving AverageThe price has declined below the moving average in the center of the Bollinger Bands
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It was the negative week for the PerkinElmer (PKI). During the week, the PKI dropped -4.43 points, or -4.50%, and closed at 93.93 on Friday, June 26, 2020. Weekly volume was -40% below average.

PKI is a member of Health Care Sector. Health Care 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 PKI long-term trend chart]
A long-term uptrend had started on March 9, 2009 at 10.88 and reached 105.70 on June 5, 2020. PKI gained -94.82 points, or -871.51%, in 586 weeks. The price is now at the 12.41% retracement level.

Medium-term trend: [See PKI medium-term trend chart]
A medium-term uptrend had started on March 23, 2020 at 62.91 and reached 105.70 on June 5, 2020. PKI gained -42.79 points, or -68.02%, in 10 weeks. The price is now at the 27.51% retracement level.

Weekly Technical Indicators: [See PKI weekly technical indicators chart]
Weekly Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly 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 link to access Lane's Stochastic help.

The weekly MACD line is above its signal line since May 1, 2020. This is an indication that the medium-term trend is up. Use the following link to access a MACD help.

Short-term trend: [See PKI short-term trend chart]
A short-term downtrend had started on June 16, 2020 at 101.20 and reached 93.23 on June 26, 2020. PKI lost 7.97 points, or 7.88%, in 10 days. The price is now at the 8.78% retracement level.

Daily Technical Indicators: [See PKI daily technical indicators chart]
Daily technical indicators are neutral.

The daily MACD line is below its signal line since June 10, 2020. This is an indication that the short-term trend is down.

During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward 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.

During the last week, the price has declined below the moving average in the center of the Bollinger Bands. 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.

During the last week, the 20 Day Moving Average has advanced above the 50 Day Moving Average. Such crossover is considered a bullish 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) 22.03
Williams' Percentage Range (W%R) 78.30
Lane's Stochastic (%D-Slow) 33.51
Greed/Fear Indicator (GFI) 25.76
Moving Average Converg./Diverg. (MACD) 1.35
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 71.48
Williams' Percentage Range (W%R) 22.80
Lane's Stochastic (%D-Slow) 81.78
Overbought
Greed/Fear Indicator (GFI) 74.02
Moving Average Converg./Diverg. (MACD) 0.73
Trading Signals
Description Value Chart
Upper Bollinger Band 103.92
Weekly Stochastic Crossing 101.36
20 Day Moving Average 99.74
Parabolic System 97.80
Daily Stochastic Crossing 95.43
50 Day Moving Average 94.58
Price 93.93
Lower Bollinger Band 91.26
Sector and Industry
Description Name Rank
Sector Health Care 10
Industry Health Care Equipment 87
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 101.20
High Date 06/16/2020
Low 93.23
Low Date 06/26/2020
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 101.20
High Date 06/16/2020
Low 93.23
Low Date 06/26/2020
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 105.70
High Date 06/05/2020
Low 93.23
Low Date 06/26/2020
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 62.91
Low Date 03/23/2020
High 105.70
High Date 06/05/2020
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 10.88
Low Date 03/09/2009
High 105.70
High Date 06/05/2020
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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