The Greedy Trader Weekly Analysis
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Archive
- 10/5/2018
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Viacom Inc.
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Summary:
Weekly :Overbought sectorWilliams' Percentage Range is overboughtBroken trend resistance line
Daily :Stochastic signal line moved below overbought areaThe price has fallen below the Parabolic SARTrend support at 32.63
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It was the negative week for the Viacom Inc. (VIAB). During the week, the VIAB dropped -1.16 points, or -3.44%, and closed at 32.60 on Friday, October 05, 2018. It was the worst weekly loss since August 31, 2018. Weekly volume was 6% above average.

VIAB is a member of Services Sector. Services is the second most overbought sector. 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 VIAB long-term trend chart]
A long-term downtrend had started on July 16, 2014 at 89.76 and reached 22.13 on November 16, 2017. VIAB lost 67.63 points, or 75.35%, in 174 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (18.16) is broken. A broken support is considered to be a long-term bullish 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 resistance line in a long-term trend.

Medium-term trend: [See VIAB medium-term trend chart]
A medium-term uptrend had started on May 29, 2018 at 26.56 and reached 34.44 on September 27, 2018. VIAB gained -7.88 points, or -29.67%, in 17 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 28.82 and resistance is at 33.80. A Broadening Ascending 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 Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a medium-term trend.

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

The weekly MACD line is above its signal line since August 3, 2018. This is an indication that the medium-term trend is up. Use the following link to access a MACD help.

Short-term trend: [See VIAB short-term trend chart]
A short-term uptrend had started on September 6, 2018 at 28.40 and reached 34.44 on September 27, 2018. VIAB gained -6.04 points, or -21.27%, in 21 days. The chart has formed a Symmetric Triangle chart pattern. The price is near the trend support (32.63) line. The support is usually stronger when technical indicators are oversold. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend support line in a short-term trend.

Daily Technical Indicators: [See VIAB daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish signal. Use the following link to access Lane's Stochastic help.

The daily MACD line is above its signal line since September 17, 2018. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term uptrend is getting weak.

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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 68.19
Williams' Percentage Range (W%R) 23.40
Lane's Stochastic (%D-Slow) 45.63
Greed/Fear Indicator (GFI) 63.49
Moving Average Converg./Diverg. (MACD) 0.77
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 58.34
Williams' Percentage Range (W%R) 16.70
Overbought
Lane's Stochastic (%D-Slow) 64.24
Greed/Fear Indicator (GFI) 67.60
Moving Average Converg./Diverg. (MACD) -0.07
Trading Signals
Description Value Chart
Upper Bollinger Band 35.23
Parabolic System 34.11
Monthly Trendline Resistance 33.80
Weekly Trendline Resistance 33.24
Daily Stochastic Crossing 33.09
Weekly Stochastic Crossing 32.67
Weekly Trendline Support 32.63
Price 32.60
20 Day Moving Average 31.66
50 Day Moving Average 30.63
Monthly Trendline Support 28.82
Lower Bollinger Band 28.73
Sector and Industry
Description Name Rank
Sector Services 8
Industry Entertainment - Divrsfied 80
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 34.44
High Date 09/27/2018
Low 32.03
Low Date 10/02/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Symmetric Triangle
Status Test Support
Resistance 33.24
Support 32.63
Low 28.40
Low Date 09/06/2018
High 34.44
High Date 09/27/2018
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 33.80
Support 28.82
Low 26.56
Low Date 05/29/2018
High 34.44
High Date 09/27/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 35.55
High Date 01/12/2018
Low 26.56
Low Date 05/29/2018
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Broken Resistance
Resistance 23.68
Support 18.16
High 89.76
High Date 07/16/2014
Low 22.13
Low Date 11/16/2017
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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