The Greedy Trader Weekly Analysis
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Archive
- 8/9/2019 -
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PPG Industries (PPG)

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Summary:
Weekly :Stochastic signal line moved below overbought areaWeekly  MACD line has moved below its signal lineOversold sectorPrice is near the Fibonacci 23.6% retracement level
Daily :Bearish Harami CandlestickThe price has risen above the Parabolic SARPrice is close to the 50 Day Moving Average
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It was a first positive week for the PPG Industries (PPG). During the week, the PPG gained 1.16 points, or 1.02%, and closed at 115.33 on Friday, August 9, 2019. PPG was trading at average weekly trading volume.

PPG is a member of Conglomerates Sector. Conglomerates is the second most oversold 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 PPG long-term trend chart]
A long-term uptrend had started on October 15, 2018 at 94.37 and reached 121.29 on April 18, 2019. PPG gained -26.92 points, or -28.53%, in 26 weeks. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.

Medium-term trend: [See PPG medium-term trend chart]
A medium-term downtrend had started on July 31, 2019 at 119.41 and reached 109.39 on August 6, 2019. PPG lost 10.02 points, or 8.39%, in 0 weeks. The price is now at the 59.28% retracement level.

Weekly Technical Indicators: [See PPG weekly technical indicators chart]
Weekly technical indicators are neutral. During the last week, weekly Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish 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.

During the last week, weekly MACD line has moved below its signal line. Such crossover is considered a bearish signal. Use the following link to access a MACD help.

Short-term trend: [See PPG short-term trend chart]
A short-term uptrend had started on August 6, 2019 at 109.39 and reached 116.76 on August 8, 2019. PPG gained -7.37 points, or -6.74%, in 2 days. The price is now at the 19.40% retracement level.

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

The daily MACD line is below its signal line since July 30, 2019.

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.

Price is close to the 50 Day Moving Average. 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.

Candlestick pattern: [See PPG candlestick chart pattern]
On Friday the chart has formed a Bearish Harami Candlestick pattern. A Bearish Harami pattern occurs in an uptrend. It shows the bulls’ upward drive has weakened and now a trend reversal is possible. The reliability of the Bearish Harami pattern is low. Use the Technical Stock Screener to see the list of stocks that had a Bearish Harami Candlestick pattern during the last week.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 45.77
Williams' Percentage Range (W%R) 39.80
Lane's Stochastic (%D-Slow) 39.04
Greed/Fear Indicator (GFI) 48.33
Moving Average Converg./Diverg. (MACD) -0.20
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 46.62
Williams' Percentage Range (W%R) 34.80
Lane's Stochastic (%D-Slow) 77.92
Greed/Fear Indicator (GFI) 65.22
Moving Average Converg./Diverg. (MACD) 2.07
Trading Signals
Description Value Chart
Upper Bollinger Band 120.39
Weekly Stochastic Crossing 117.15
20 Day Moving Average 116.41
50 Day Moving Average 115.71
Price 115.33
Daily Stochastic Crossing 113.96
Lower Bollinger Band 110.98
Parabolic System 109.43
Sector and Industry
Description Name Rank
Sector Conglomerates 2
Industry Conglomerates 59
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 109.39
Low Date 08/06/2019
High 116.76
High Date 08/08/2019
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 119.41
High Date 07/31/2019
Low 109.39
Low Date 08/06/2019
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 104.44
Low Date 06/03/2019
High 119.41
High Date 07/31/2019
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 94.37
Low Date 10/15/2018
High 121.29
High Date 04/18/2019
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 94.46
Low Date 12/30/2016
High 122.07
High Date 01/18/2018
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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