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Archive
- 8/9/2019 -
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PerkinElmer (PKI)

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Summary:
Weekly :Overbought sectorBroken trend resistance lineBroken trend resistance lineWilliams' Percentage Range is oversold
Daily :20 Day Moving Average has crossed below the 50 Day Moving AverageLane's Stochastic is oversoldThe period of high volatility of the stock price
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It was the negative week for the PerkinElmer (PKI). During the week, the PKI dropped -2.38 points, or -2.81%, and closed at 82.22 on Friday, August 9, 2019. Weekly volume was 9% above average.

PKI is a member of Technology Sector. Technology is the second 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 103.00 on April 9, 2019. PKI gained -92.12 points, or -846.69%, in 526 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (60.14) is broken. Usually a broken resistance is considered to be a long-term bullish 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 resistance line in a long-term trend.

Medium-term trend: [See PKI medium-term trend chart]
A medium-term uptrend had started on November 25, 2011 at 17.45 and reached 103.00 on April 9, 2019. PKI gained -85.55 points, or -490.26%, in 384 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (55.12) is broken. Usually a broken resistance is considered to be a long-term bullish 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 resistance line in a medium-term trend.

Weekly Technical Indicators: [See PKI 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. 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 July 3, 2019 at 99.57 and reached 80.56 on August 7, 2019. PKI lost 19.01 points, or 19.09%, in 35 days. The price is now at the 8.73% retracement level.

Daily Technical Indicators: [See PKI 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 9, 2019. This is an indication that the short-term trend is down.

The distance between the Bollinger Bands is 110.21% higher then one year average. It indicates the period of high volatility of the stock price. 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 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) 21.71
Williams' Percentage Range (W%R) 79.70
Lane's Stochastic (%D-Slow) 13.85
Oversold
Greed/Fear Indicator (GFI) 18.62
Oversold
Moving Average Converg./Diverg. (MACD) -2.24
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 32.83
Williams' Percentage Range (W%R) 86.00
Oversold
Lane's Stochastic (%D-Slow) 50.99
Greed/Fear Indicator (GFI) 36.68
Moving Average Converg./Diverg. (MACD) 1.41
Trading Signals
Description Value Chart
Upper Bollinger Band 99.54
50 Day Moving Average 92.50
20 Day Moving Average 90.04
Weekly Stochastic Crossing 89.01
Parabolic System 88.34
Price 82.22
Daily Stochastic Crossing 81.74
Lower Bollinger Band 77.57
Quarterly Trendline Resistance 74.84
Yearly Trendline Resistance 68.57
Sector and Industry
Description Name Rank
Sector Technology 8
Industry Scientific/Tech Instrmnts 35
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 99.57
High Date 07/03/2019
Low 80.56
Low Date 08/07/2019
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 103.00
High Date 04/09/2019
Low 80.56
Low Date 08/07/2019
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 45.35
Low Date 11/08/2016
High 103.00
High Date 04/09/2019
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 74.84
Support 55.12
Low 17.45
Low Date 11/25/2011
High 103.00
High Date 04/09/2019
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 68.57
Support 60.14
Low 10.88
Low Date 03/09/2009
High 103.00
High Date 04/09/2019
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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