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Archive
- 8/16/2019 -
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Signet Jewelers (SIG)

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Summary:
Weekly :Oversold industryWilliams' Percentage Range is oversoldLane's Stochastic bullish divergence
Daily :Broken trend support line - Downtrend exhaustionRelative Strength Index oversoldWilliams' Percentage Range and Lane's Stochastic are strongly oversoldThe period of high volatility of the stock price
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It was the negative week for the Signet Jewelers (SIG). During the week, the SIG dropped -2.52 points, or -17.49%, and closed at 11.89 on Friday, August 16, 2019. Weekly volume was 57% above average.

SIG is a member of Jewelry Stores Industry. Jewelry Stores is the ninth most oversold industry. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.

Long-term trend: [See SIG long-term trend chart]
A long-term downtrend had started on October 30, 2015 at 152.27 and reached 11.51 on August 15, 2019. SIG lost 140.76 points, or 92.44%, in 197 weeks. The chart has formed a Broadening Descending Wedge chart pattern. 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 11.51 on August 15, 2019. SIG lost 17.85 points, or 60.80%, in 23 weeks. Price is near the trend low.

Weekly Technical Indicators: [See SIG 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. Weekly Lane's Stochastic has bullish divergence. Use the following links to access the Lane's Stochastic help, or use the Technical Stock Screener to see the list of stocks with weekly Lane's Stochastic bullish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading 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 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 and getting smaller. Use the following link to access a MACD help.

Short-term trend: [See SIG short-term trend chart]
A short-term downtrend had started on July 19, 2019 at 19.12 and reached 11.51 on August 15, 2019. SIG lost 7.61 points, or 39.80%, in 27 days. The chart has formed a Falling Channel chart pattern. The downtrend support line (16.11) is broken, while daily and weekly technical indicators are oversold. Downtrend is exhausted and trend reversal is possible soon. 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 short-term trend.

Daily Technical Indicators: [See SIG daily technical indicators chart]
Daily Relative Strength Index is oversold while Williams' Percentage Range and Lane's Stochastic are strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold daily Relative Strength Index or strongly oversold daily Williams' Percentage Range and Lane's Stochastic. Use the following link to access Relative Strength Index help.

The daily MACD line is below its signal line since July 31, 2019. This is an indication that the short-term trend is down.

The distance between the Bollinger Bands is 156.35% 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) 15.07
Oversold
Williams' Percentage Range (W%R) 96.00
Strong Oversold
Lane's Stochastic (%D-Slow) 7.64
Strong Oversold
Greed/Fear Indicator (GFI) 8.91
Strong Oversold
Moving Average Converg./Diverg. (MACD) -1.03
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 20.79
Williams' Percentage Range (W%R) 98.30
Strong Oversold
Lane's Stochastic (%D-Slow) 22.27
Bullish
Greed/Fear Indicator (GFI) 20.05
Moving Average Converg./Diverg. (MACD) -5.12
Trading Signals
Description Value Chart
Upper Bollinger Band 19.70
50 Day Moving Average 17.17
20 Day Moving Average 15.91
Parabolic System 13.48
Weekly Stochastic Crossing 12.89
Price 11.89
Daily Stochastic Crossing 11.85
Lower Bollinger Band 10.84
Sector and Industry
Description Name Rank
Sector Services 5
Industry Jewelry Stores 9
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 18.46
High Date 07/31/2019
Low 11.51
Low Date 08/15/2019
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Falling Channel
Status Broken Support
Resistance 17.99
Support 16.11
High 19.12
High Date 07/19/2019
Low 11.51
Low Date 08/15/2019
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 29.36
High Date 03/04/2019
Low 11.51
Low Date 08/15/2019
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 71.07
High Date 08/30/2018
Low 11.51
Low Date 08/15/2019
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status
Resistance
Support
High 152.27
High Date 10/30/2015
Low 11.51
Low Date 08/15/2019
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.

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