The Greedy Trader Weekly Analysis
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Archive
- 6/7/2019
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Polo Ralph Lauren Corp.
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Summary:
Weekly :Broken trend support line
Daily :Bearish Downside Tasuki Gap CandlestickStochastic signal line moved above oversold areaDaily  MACD line has moved above its signal lineThe price has risen above the Parabolic SARPrice is near the Fibonacci 23.6% retracement level
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It was a first positive week after 4 consecutive negative weeks for the Polo Ralph Lauren Corp. (RL). During the week, the RL gained 5.75 points, or 5.47%, and closed at 110.88 on Friday, June 7, 2019. It was the best weekly gain since March 29, 2019. RL was trading at average weekly trading volume.

Long-term trend: [See RL long-term trend chart]
A long-term uptrend had started on December 24, 2018 at 95.63 and reached 133.63 on April 24, 2019. RL gained -38.00 points, or -39.74%, in 17 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend support line (139.46) is broken. A broken support is considered to be a long-term bearish 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 support in a long-term trend.

Medium-term trend: [See RL medium-term trend chart]
A medium-term downtrend had started on April 24, 2019 at 133.63 and reached 102.77 on May 31, 2019. RL lost 30.86 points, or 23.09%, in 5 weeks. The price is now at the 26.28% retracement level.

Weekly Technical Indicators: [See RL weekly technical indicators chart]
Weekly technical indicators are neutral.

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 uptrend had started on May 31, 2019 at 102.77 and reached 113.49 on June 5, 2019. RL gained -10.72 points, or -10.43%, in 5 days. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.

Daily Technical Indicators: [See RL daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily 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, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.

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.

Candlestick pattern: [See RL candlestick chart pattern]
On Friday the chart has formed a Bearish Downside Tasuki Gap Candlestick pattern. This is a rare continuation formation that appears in a strongly downward moving market. The reliability of the Bearish Downside Tasuki Gap pattern is medium. Use the Technical Stock Screener to see the list of stocks that had a Bearish Downside Tasuki Gap Candlestick pattern during the last week.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 46.30
Williams' Percentage Range (W%R) 68.10
Lane's Stochastic (%D-Slow) 65.16
Greed/Fear Indicator (GFI) 47.78
Moving Average Converg./Diverg. (MACD) -4.43
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 35.07
Williams' Percentage Range (W%R) 76.40
Lane's Stochastic (%D-Slow) 23.24
Greed/Fear Indicator (GFI) 30.41
Moving Average Converg./Diverg. (MACD) 0.62
Trading Signals
Description Value Chart
50 Day Moving Average 121.97
Upper Bollinger Band 121.94
20 Day Moving Average 111.56
Price 110.88
Daily Stochastic Crossing 110.51
Weekly Stochastic Crossing 107.75
Parabolic System 103.91
Lower Bollinger Band 103.83
Sector and Industry
Description Name Rank
Sector Consumer Goods 7
Industry Textile-Apparel Clothing 61
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 102.77
Low Date 05/31/2019
High 113.49
High Date 06/05/2019
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 102.77
Low Date 05/31/2019
High 113.49
High Date 06/05/2019
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 133.63
High Date 04/24/2019
Low 102.77
Low Date 05/31/2019
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Support
Resistance 136.88
Support 139.46
Low 95.63
Low Date 12/24/2018
High 133.63
High Date 04/24/2019
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
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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