The Greedy Trader Weekly Analysis
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Archive
- 6/8/2018
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Regeneron
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Summary:
Weekly :Stochastic signal line moved above oversold areaWeekly  MACD line has moved above its signal lineBroken trend resistance line
Daily :Lane's Stochastic is overboughtPrice is close to the 50 Day Moving AverageBullish Doji Candlestick
Move cursor over the icon to see details.

It was a second consecutive positive week for the Regeneron (REGN). During the week, the REGN climbed 1.22 points, or 0.40%, and closed at 308.10 on Friday, June 08, 2018. Weekly volume was -7% below average.

Long-term trend: [See REGN long-term trend chart]
A long-term downtrend had started on June 22, 2017 at 543.55 and reached 281.89 on May 9, 2018. REGN lost 261.66 points, or 48.14%, in 45 weeks. The chart has formed a Falling Channel chart pattern. The downtrend resistance line (227.65) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. REGN may retest the broken resistance line. It is considered to be a support 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 resistance line 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 317.25 on June 7, 2018. REGN gained -35.36 points, or -12.54%, in 4 weeks. The chart has formed a Rising Wedge chart pattern. The trend support level is at 301.23 and resistance is at 317.38. A Rising Wage is a triangle formation with a noticeable slant to the upside. It represents the loss of an upside momentum on each successive high and has a bearish bias. The Rising wedge usually marks a reversal in an uptrend. In a downtrend a rising wedge is considered to be a continuation pattern. Use the following link to access a Rising Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Wedge pattern in a medium-term trend.

Weekly Technical Indicators: [See REGN weekly technical indicators chart]
Weekly technical indicators are neutral. During the last week, weekly Lane's Stochastic signal line (%D) has moved above oversold area. 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.

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

Short-term trend: [See REGN short-term trend chart]
A short-term uptrend had started on May 23, 2018 at 291.10 and reached 317.25 on June 7, 2018. REGN gained -26.15 points, or -8.98%, in 15 days. The price is now at the 34.99% retracement level.

Daily Technical Indicators: [See REGN daily technical indicators chart]
Daily Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Lane's Stochastic.

The daily MACD line is above its signal line since May 11, 2018. This is an indication that the short-term trend is up.

Price is close to the 50 Day Moving Average. While daily technical indicators are overbought, the 50 Day Moving Average is considered a resistance level. 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 REGN candlestick chart pattern]
On Friday the chart has formed a Bullish Doji Candlestick pattern. Use the Technical Stock Screener to see the list of stocks that had a Bullish Doji Candlestick pattern during the last week.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 57.99
Williams' Percentage Range (W%R) 33.70
Lane's Stochastic (%D-Slow) 80.52
Overbought
Greed/Fear Indicator (GFI) 68.28
Moving Average Converg./Diverg. (MACD) -1.27
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 42.93
Williams' Percentage Range (W%R) 77.00
Lane's Stochastic (%D-Slow) 27.85
Greed/Fear Indicator (GFI) 31.66
Moving Average Converg./Diverg. (MACD) -25.47
Trading Signals
Description Value Chart
Upper Bollinger Band 317.84
Monthly Trendline Resistance 317.38
Daily Stochastic Crossing 312.26
50 Day Moving Average 309.63
Price 308.10
20 Day Moving Average 303.27
Parabolic System 302.01
Monthly Trendline Support 301.23
Weekly Stochastic Crossing 297.55
Lower Bollinger Band 291.75
Quarterly Trendline Resistance 283.95
Sector and Industry
Description Name Rank
Sector Healthcare 7
Industry Biotechnology 60
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 317.25
High Date 06/07/2018
Low 303.64
Low Date 06/08/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 291.10
Low Date 05/23/2018
High 317.25
High Date 06/07/2018
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Valid
Resistance 317.38
Support 301.23
Low 281.89
Low Date 05/09/2018
High 317.25
High Date 06/07/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Falling Channel
Status Broken Resistance
Resistance 283.95
Support 227.65
High 543.55
High Date 06/22/2017
Low 281.89
Low Date 05/09/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
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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