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Archive
- 8/9/2019 -
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Perrigo Co (PRGO)

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Summary:
Weekly :Lane's Stochastic is overboughtBroken trend resistance line
Daily :Price has crossed below the 50 Day Moving AverageWilliams' Percentage Range and Lane's Stochastic are oversoldThe 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 Perrigo Co (PRGO). During the week, the PRGO dropped -5.51 points, or -10.51%, and closed at 46.90 on Friday, August 9, 2019. Weekly volume was 35% above average.

Long-term trend: [See PRGO long-term trend chart]
A long-term downtrend had started on April 8, 2015 at 215.73 and reached 36.28 on December 24, 2018. PRGO lost 179.45 points, or 83.18%, in 193 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (23.85) is broken. A broken support is considered to be a long-term bullish signal. 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 PRGO medium-term trend chart]
A medium-term downtrend had started on May 9, 2019 at 52.97 and reached 40.68 on May 31, 2019. PRGO lost 12.29 points, or 23.20%, in 3 weeks. The price is now at the 50.61% retracement level.

Weekly Technical Indicators: [See PRGO 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 February 22, 2019. Use the following link to access a MACD help.

Short-term trend: [See PRGO short-term trend chart]
A short-term downtrend had started on July 24, 2019 at 55.63 and reached 45.64 on August 8, 2019. PRGO lost 9.99 points, or 17.96%, in 15 days. The price is now at the 12.61% retracement level.

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

The daily MACD line is below its signal line since July 31, 2019. This is an indication that the short-term trend is down. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current short-term downtrend is strong.

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 price 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) 29.68
Williams' Percentage Range (W%R) 86.70
Oversold
Lane's Stochastic (%D-Slow) 17.87
Oversold
Greed/Fear Indicator (GFI) 20.29
Moving Average Converg./Diverg. (MACD) 0.86
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 45.68
Williams' Percentage Range (W%R) 57.90
Lane's Stochastic (%D-Slow) 80.51
Overbought
Greed/Fear Indicator (GFI) 56.55
Moving Average Converg./Diverg. (MACD) -2.16
Trading Signals
Description Value Chart
Upper Bollinger Band 55.10
Weekly Stochastic Crossing 53.06
Parabolic System 52.06
20 Day Moving Average 51.83
50 Day Moving Average 48.36
Daily Stochastic Crossing 47.46
Price 46.90
Lower Bollinger Band 46.46
Yearly Trendline Resistance 39.24
Sector and Industry
Description Name Rank
Sector Healthcare 6
Industry Drug Related Products 90
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 55.63
High Date 07/24/2019
Low 45.64
Low Date 08/08/2019
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 40.68
Low Date 05/31/2019
High 55.63
High Date 07/24/2019
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 52.97
High Date 05/09/2019
Low 40.68
Low Date 05/31/2019
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 95.93
High Date 01/26/2018
Low 36.28
Low Date 12/24/2018
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Broken Resistance
Resistance 39.24
Support 23.85
High 215.73
High Date 04/08/2015
Low 36.28
Low Date 12/24/2018
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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