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Archive
- 8/9/2019 -
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Polo Ralph Lauren Corp. (RL)

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Summary:
Weekly :Williams' Percentage Range is oversoldBroken trend support line
Daily :Williams' Percentage Range oversoldLane's Stochastic is strongly oversoldLane's Stochastic and MACD bullish divergenceThe period of high volatility of the stock price
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It was the negative week for the Polo Ralph Lauren Corp. (RL). During the week, the RL dropped -5.16 points, or -5.22%, and closed at 93.72 on Friday, August 9, 2019. Weekly volume was 24% above average.

Long-term trend: [See RL long-term trend chart]
A long-term uptrend had started on May 26, 2017 at 66.06 and reached 147.79 on July 31, 2018. RL gained -81.73 points, or -123.72%, in 61 weeks. The chart has formed a Symmetric Triangle chart pattern. The uptrend support line (107.32) 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. RL 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 long-term trend.

Medium-term trend: [See RL medium-term trend chart]
A medium-term downtrend had started on July 31, 2018 at 147.79 and reached 93.21 on August 9, 2019. RL lost 54.58 points, or 36.93%, in 53 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 45.20 and resistance is at 128.53. 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 medium-term trend.

Weekly Technical Indicators: [See RL weekly technical indicators chart]
Weekly Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with weekly strongly oversold 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 link to access Williams' Percentage Range help.

The weekly MACD line is below its signal line since May 10, 2019. This is an indication that the medium-term trend is down. 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 July 16, 2019 at 115.50 and reached 93.21 on August 9, 2019. RL lost 22.29 points, or 19.30%, in 24 days. Price is near the trend low.

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

The daily MACD line is below its signal line since July 29, 2019. This is an indication that the short-term trend is down.

The distance between the Bollinger Bands is 121.38% higher then one year average. It indicates the period of high volatility of the stock price. 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) 23.59
Williams' Percentage Range (W%R) 84.40
Oversold
Lane's Stochastic (%D-Slow) 6.62
Strong Oversold Bullish
Greed/Fear Indicator (GFI) 15.27
Oversold
Moving Average Converg./Diverg. (MACD) -3.27 Bullish
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 21.46
Williams' Percentage Range (W%R) 91.40
Strong Oversold
Lane's Stochastic (%D-Slow) 29.84
Greed/Fear Indicator (GFI) 25.55
Moving Average Converg./Diverg. (MACD) -2.42
Trading Signals
Description Value Chart
Upper Bollinger Band 116.87
Monthly Trendline Support 111.44
50 Day Moving Average 109.33
Monthly Trendline Resistance 108.88
Yearly Trendline Support 107.32
20 Day Moving Average 105.10
Parabolic System 100.90
Weekly Stochastic Crossing 100.64
Daily Stochastic Crossing 94.20
Price 93.72
Lower Bollinger Band 89.73
Sector and Industry
Description Name Rank
Sector Consumer Goods 5
Industry Textile-Apparel Clothing 14
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 115.50
High Date 07/16/2019
Low 93.21
Low Date 08/09/2019
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 118.65
High Date 06/24/2019
Low 93.21
Low Date 08/09/2019
Description Value
Direction Down
Chart Pattern Falling Pennant
Status Broken Support
Resistance 108.88
Support 111.44
High 133.63
High Date 04/24/2019
Low 93.21
Low Date 08/09/2019
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Valid
Resistance 128.53
Support 45.20
High 147.79
High Date 07/31/2018
Low 93.21
Low Date 08/09/2019
Description Value
Direction Up
Chart Pattern Symmetric Triangle
Status Broken Support
Resistance 127.83
Support 107.32
Low 66.06
Low Date 05/26/2017
High 147.79
High Date 07/31/2018
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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