The Greedy Trader Weekly Analysis
Sign In May 17, 2019
Skip Navigation Links
   Home
   AnalysisExpand    Analysis
   AlertsExpand    Alerts
   Stock PickExpand    Stock Pick
   MembersExpand    Members
   ResourcesExpand    Resources
   About UsExpand    About Us
Symbol:  

• Symbol Lookup
• Add to Watch List
• Candlestick Patterns
• Stock Technical Indicators
• Stock Trends Analysis
• Market Sector Rank
• Stock Trading Signals
Archive
- 5/10/2019
Sign In to see current Signals.
Signet Jewelers
Subscribe to TheGreedyTrader Weekly Alerts
Summary:
Weekly :Lane's Stochastic oversoldWilliams' Percentage Range is strongly oversold
Daily :The price has fallen below the Parabolic SARThe Bollinger Bands are historically close together
Move cursor over the icon to see details.

It was the negative week for the Signet Jewelers (SIG). During the week, the SIG dropped -0.27 points, or -1.17%, and closed at 22.88 on Friday, May 10, 2019. Weekly volume was -14% below average.

Long-term trend: [See SIG long-term trend chart]
A long-term downtrend had started on October 30, 2015 at 152.27 and reached 21.64 on April 26, 2019. SIG lost 130.63 points, or 85.79%, in 182 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 1.81 and resistance is at 56.64. 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 long-term trend.

Medium-term trend: [See SIG medium-term trend chart]
A medium-term downtrend had started on March 4, 2019 at 29.36 and reached 21.64 on April 26, 2019. SIG lost 7.72 points, or 26.29%, in 7 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 20.65 and resistance is at 28.55. 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 SIG 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 above its signal line since March 22, 2019. The distance between MACD and the signal line is low, but getting bigger. Use the following link to access a MACD help.

Short-term trend: [See SIG short-term trend chart]
A short-term uptrend had started on April 26, 2019 at 21.64 and reached 23.87 on May 8, 2019. SIG gained -2.23 points, or -10.30%, in 12 days. The price is now at the 44.39% retracement level.

Daily Technical Indicators: [See SIG daily technical indicators chart]
Daily technical indicators are neutral.

The daily MACD line is above its signal line since April 29, 2019. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current short-term uptrend is getting stronger.

During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward 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.

The distance between the Bollinger Bands (6.47%) is close to one year low (6.48%). It is 77.64% lower than one year average. It indicates the period of low volatility of the stock price, and it is considered a buy signal for the option traders. 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) 55.22
Williams' Percentage Range (W%R) 42.90
Lane's Stochastic (%D-Slow) 58.75
Greed/Fear Indicator (GFI) 57.04
Moving Average Converg./Diverg. (MACD) -0.80
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 46.34
Williams' Percentage Range (W%R) 91.50
Strong Oversold
Lane's Stochastic (%D-Slow) 16.50
Oversold
Greed/Fear Indicator (GFI) 23.75
Moving Average Converg./Diverg. (MACD) -6.62
Trading Signals
Description Value Chart
50 Day Moving Average 25.28
Upper Bollinger Band 24.21
Parabolic System 23.89
Daily Stochastic Crossing 23.19
20 Day Moving Average 22.88
Price 22.88
Lower Bollinger Band 22.74
Weekly Stochastic Crossing 22.59
Monthly Trendline Support 20.65
Sector and Industry
Description Name Rank
Sector Services 7
Industry Jewelry Stores 43
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 23.87
High Date 05/08/2019
Low 22.08
Low Date 05/10/2019
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 21.64
Low Date 04/26/2019
High 23.87
High Date 05/08/2019
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Valid
Resistance 28.55
Support 20.65
High 29.36
High Date 03/04/2019
Low 21.64
Low Date 04/26/2019
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 71.07
High Date 08/30/2018
Low 21.64
Low Date 04/26/2019
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Valid
Resistance 56.64
Support 1.81
High 152.27
High Date 10/30/2015
Low 21.64
Low Date 04/26/2019
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.

Copyright© 2004-2018 All rights reserved.