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- 3/15/2024 -
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Polo Ralph Lauren Corp. (RL) Technical Analysis

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Summary:
Weekly :Lane's Stochastic is overboughtWilliams' Percentage Range is strongly overboughtBroken trend resistance lineBroken trend resistance line
Daily :Stochastic has raised above the signal lineThe price has risen above the Parabolic SARThe 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 Polo Ralph Lauren Corp. (RL). During the week, the RL gained 5.57 points, or 3.16%, and closed at 181.60 on Friday, March 15, 2024. Weekly volume was 22% above average.

Long-term trend: [See RL long-term trend chart]
A long-term uptrend had started on April 3, 2020 at 59.82 and reached 190.41 on February 23, 2024. RL gained -130.59 points, or -218.30%, in 203 weeks. The chart has formed a Symmetric Triangle chart pattern. The uptrend resistance line (110.70) 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 RL medium-term trend chart]
A medium-term uptrend had started on September 30, 2022 at 82.23 and reached 190.41 on February 23, 2024. RL gained -108.18 points, or -131.56%, in 73 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend resistance line (121.34) 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 RL weekly technical indicators chart]
Weekly Lane's Stochastic is overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Lane's Stochastic or strongly overbought 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 above its signal line since November 17, 2023. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is relatively high, but getting smaller. It indicates that the current medium-term uptrend is still strong, and momentum is beginning to wane. Use the following link to access a MACD help.

Short-term trend: [See RL short-term trend chart]
A short-term downtrend had started on February 23, 2024 at 190.41 and reached 174.82 on March 11, 2024. RL lost 15.59 points, or 8.19%, in 17 days. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 172.02 and resistance is at 183.06. A Broadening Descending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending Wedge pattern in a short-term trend.

Daily Technical Indicators: [See RL daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic main line (%K) has rallied above the oversold signal line (%D). Such crossover is considered a bullish signal.

The daily MACD line is below its signal line since February 29, 2024. This is an indication that the short-term trend is down.

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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 41.26
Williams' Percentage Range (W%R) 51.60
Lane's Stochastic (%D-Slow) 55.82
Greed/Fear Indicator (GFI) 48.50
Moving Average Converg./Diverg. (MACD) 6.05
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 77.82
Williams' Percentage Range (W%R) 9.90
Strong Overbought
Lane's Stochastic (%D-Slow) 89.56
Overbought
Greed/Fear Indicator (GFI) 81.52
Overbought
Moving Average Converg./Diverg. (MACD) 11.15
Trading Signals
Description Value Chart
Upper Bollinger Band 184.51
Weekly Stochastic Crossing 183.59
Weekly Trendline Resistance 183.06
20 Day Moving Average 182.35
Price 181.60
Daily Stochastic Crossing 180.86
Parabolic System 175.41
Weekly Trendline Support 172.02
Lower Bollinger Band 171.63
50 Day Moving Average 162.62
Sector and Industry
Description Name Rank
Sector Consumer Discretionary 7
Industry Apparel, Accessories & Luxury Goods 30
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 174.82
Low Date 03/11/2024
High 184.41
High Date 03/14/2024
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Valid
Resistance 183.06
Support 172.02
High 190.41
High Date 02/23/2024
Low 174.82
Low Date 03/11/2024
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 108.60
Low Date 10/12/2023
High 190.41
High Date 02/23/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Resistance
Resistance 144.10
Support 121.34
Low 82.23
Low Date 09/30/2022
High 190.41
High Date 02/23/2024
Description Value
Direction Up
Chart Pattern Symmetric Triangle
Status Broken Resistance
Resistance 120.51
Support 110.70
Low 59.82
Low Date 04/03/2020
High 190.41
High Date 02/23/2024
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.