The Greedy Trader Weekly Analysis
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Archive
- 6/7/2019
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PerkinElmer
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Summary:
Weekly :Broken trend resistance lineBroken trend resistance lineLane's Stochastic is oversoldStochastic has raised above the signal line
Daily :Williams' Percentage Range and Lane's Stochastic are overboughtDaily  MACD line has moved above its signal lineThe price has risen above the Parabolic SARPrice has crossed above the 50 Day Moving AverageThe price moved above the moving average in the center of the Bollinger Bands
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It was a first positive week for the PerkinElmer (PKI). During the week, the PKI gained 6.58 points, or 7.62%, and closed at 92.92 on Friday, June 7, 2019. It was the best weekly gain since January 11, 2019. Weekly volume was 16% above average.

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 (59.30) 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 (54.26) 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 Lane's Stochastic is oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold 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 link to access Lane's Stochastic help.

The weekly MACD line is below its signal line since May 3, 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 April 9, 2019 at 103.00 and reached 83.45 on May 20, 2019. PKI lost 19.55 points, or 18.98%, in 41 days. The chart has formed a Broadening Descending Wedge chart pattern.

Daily Technical Indicators: [See PKI daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range and Lane's Stochastic. Use the following link to access Williams' Percentage Range 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.

During the last week, the price has moved above 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 price 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) 73.24
Williams' Percentage Range (W%R) 12.10
Overbought
Lane's Stochastic (%D-Slow) 87.69
Overbought
Greed/Fear Indicator (GFI) 82.94
Overbought
Moving Average Converg./Diverg. (MACD) -1.72
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 45.51
Williams' Percentage Range (W%R) 49.70
Lane's Stochastic (%D-Slow) 18.29
Oversold
Greed/Fear Indicator (GFI) 39.36
Moving Average Converg./Diverg. (MACD) 2.20
Trading Signals
Description Value Chart
Upper Bollinger Band 93.96
Price 92.92
Daily Stochastic Crossing 92.89
50 Day Moving Average 92.88
20 Day Moving Average 87.50
Weekly Stochastic Crossing 86.33
Parabolic System 84.86
Lower Bollinger Band 84.08
Sector and Industry
Description Name Rank
Sector Technology 4
Industry Scientific/Tech Instrmnts 60
Daily Trend
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
High 103.00
High Date 04/09/2019
Low 83.45
Low Date 05/20/2019
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 71.83
Low Date 12/26/2018
High 103.00
High Date 04/09/2019
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 73.98
Support 54.26
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 67.73
Support 59.30
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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