The Greedy Trader Weekly Analysis
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Archive
- 5/10/2019
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Regeneron
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Summary:
Weekly :Oversold sectorLane's Stochastic oversoldWilliams' Percentage Range is strongly oversoldBroken trend support line
Daily :The price is below the lower Bollinger BandBearish Three Inside Down CandlestickWilliams' Percentage Range is oversoldMACD bullish divergence
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It was the negative week for the Regeneron (REGN). During the week, the REGN dropped -24.03 points, or -7.13%, and closed at 312.86 on Friday, May 10, 2019. Weekly volume was 68% above average.

REGN is a member of Healthcare Sector. Healthcare is the 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 REGN long-term trend chart]
A long-term downtrend had started on August 4, 2015 at 605.93 and reached 281.89 on May 9, 2018. REGN lost 324.04 points, or 53.48%, in 144 weeks. The chart has formed a Falling Channel chart pattern. The trend support level is at 245.17 and resistance is at 489.18. A Falling Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Falling Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Falling Channel pattern in a long-term trend.

Medium-term trend: [See REGN medium-term trend chart]
A medium-term uptrend had started on May 9, 2018 at 281.89 and reached 442.00 on March 4, 2019. REGN gained -160.11 points, or -56.80%, in 42 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend support line (377.84) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. REGN may retest the broken support line. It is considered to be a resistance line now. 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 support in a medium-term trend.

Weekly Technical Indicators: [See REGN weekly technical indicators chart]
Weekly Lane's Stochastic is oversold while Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold weekly Lane's Stochastic or strongly oversold weekly 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 links to access Lane's Stochastic and Williams' Percentage Range help.

The weekly MACD line is below its signal line since March 22, 2019. The distance between MACD and the signal line is near its high and getting bigger. Use the following link to access a MACD help.

Short-term trend: [See REGN short-term trend chart]
A short-term downtrend had started on May 6, 2019 at 344.92 and reached 311.35 on May 10, 2019. REGN lost 33.57 points, or 9.73%, in 4 days. Price is near the trend low.

Daily Technical Indicators: [See REGN daily technical indicators chart]
Daily Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range. Daily MACD has bullish divergence. Use the following links to access the MACD help, or use the Technical Stock Screener to see the list of stocks with daily MACD bullish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal.

The daily MACD line is below its signal line since May 6, 2019. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current short-term downtrend is getting stronger.

The price has closed on Friday below the lower Bollinger Band. It is considered a bearish signal. 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.

Candlestick pattern: [See REGN candlestick chart pattern]
On Friday the chart has formed a Bearish Three Inside Down Candlestick pattern. The Bearish Three Inside Down pattern is another name for the Confirmed Bearish Harami pattern. This is a trend-reversal pattern indicating the start of a new downtrend. The reliability of the Bearish Three Inside Down pattern is very high. Use the Technical Stock Screener to see the list of stocks that had a Bearish Three Inside Down Candlestick pattern during the last week.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 38.53
Williams' Percentage Range (W%R) 85.30
Oversold
Lane's Stochastic (%D-Slow) 26.03
Greed/Fear Indicator (GFI) 26.41
Moving Average Converg./Diverg. (MACD) -16.72 Bullish
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 28.08
Williams' Percentage Range (W%R) 90.60
Strong Oversold
Lane's Stochastic (%D-Slow) 10.77
Oversold
Greed/Fear Indicator (GFI) 19.06
Oversold
Moving Average Converg./Diverg. (MACD) 4.86
Trading Signals
Description Value Chart
50 Day Moving Average 382.69
Upper Bollinger Band 379.32
20 Day Moving Average 342.39
Parabolic System 333.98
Weekly Stochastic Crossing 319.06
Daily Stochastic Crossing 317.08
Lower Bollinger Band 313.17
Price 312.86
Sector and Industry
Description Name Rank
Sector Healthcare 1
Industry Biotechnology 26
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 344.92
High Date 05/06/2019
Low 311.35
Low Date 05/10/2019
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 415.89
High Date 04/02/2019
Low 311.35
Low Date 05/10/2019
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 442.00
High Date 03/04/2019
Low 311.35
Low Date 05/10/2019
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Support
Resistance 451.80
Support 377.84
Low 281.89
Low Date 05/09/2018
High 442.00
High Date 03/04/2019
Description Value
Direction Down
Chart Pattern Falling Channel
Status Valid
Resistance 489.18
Support 245.17
High 605.93
High Date 08/04/2015
Low 281.89
Low Date 05/09/2018
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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