The Greedy Trader Weekly Analysis
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Archive
- 6/8/2018
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Viacom Inc.
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Summary:
Weekly :Overbought sectorBroken trend support lineWilliams' Percentage Range and Lane's Stochastic are oversoldStochastic has raised above the signal lineTrend resistance at 27.88
Daily :Broken trend resistance lineDaily  MACD line has moved above its signal lineThe price is close to the moving average in the center of the Bollinger Bands
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It was a first positive week for the Viacom Inc. (VIAB). During the week, the VIAB gained 1.20 points, or 4.49%, and closed at 27.91 on Friday, June 08, 2018. It was the best weekly gain since January 12, 2018. Weekly volume was -50% below 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 price is near the trend resistance line (27.88). The resistance is usually stronger when technical indicators are overbought. 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 resistance line in a long-term trend.

Medium-term trend: [See VIAB medium-term trend chart]
A medium-term uptrend had started on November 16, 2017 at 22.13 and reached 35.55 on January 12, 2018. VIAB gained -13.42 points, or -60.64%, in 8 weeks. The chart has formed a Rising Pennant chart pattern. The uptrend support line (42.68) 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 medium-term trend.

Weekly Technical Indicators: [See VIAB weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold Williams' Percentage Range and Lane's Stochastic. During the last week, weekly Lane's Stochastic main line (%K) has rallied above the oversold signal line (%D). 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 links to access Lane's Stochastic and Williams' Percentage Range help.

The weekly MACD line is below its signal line since April 6, 2018. Use the following link to access a MACD help.

Short-term trend: [See VIAB short-term trend chart]
A short-term downtrend had started on April 25, 2018 at 32.15 and reached 26.56 on May 29, 2018. VIAB lost 5.59 points, or 17.39%, in 34 days. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (25.48) 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 short-term trend.

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

During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.

The price is close to the moving average in the center of the Bollinger Bands. 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) 59.18
Williams' Percentage Range (W%R) 71.20
Lane's Stochastic (%D-Slow) 70.29
Greed/Fear Indicator (GFI) 52.75
Moving Average Converg./Diverg. (MACD) -0.78
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 22.21
Williams' Percentage Range (W%R) 85.30
Oversold
Lane's Stochastic (%D-Slow) 14.62
Oversold
Greed/Fear Indicator (GFI) 23.03
Moving Average Converg./Diverg. (MACD) -0.26
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 30.67
Monthly Trendline Resistance 30.67
Upper Bollinger Band 29.50
50 Day Moving Average 29.42
Price 27.91
Yearly Trendline Resistance 27.88
Daily Stochastic Crossing 27.73
20 Day Moving Average 27.66
Monthly Trendline Support 27.52
Weekly Stochastic Crossing 27.18
Parabolic System 26.92
Lower Bollinger Band 26.36
Weekly Trendline Support 25.48
Weekly Trendline Resistance 25.45
Sector and Industry
Description Name Rank
Sector Services 8
Industry Entertainment - Divrsfied 59
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 26.56
Low Date 05/29/2018
High 28.00
High Date 06/08/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Broken Resistance
Resistance 25.45
Support 25.48
High 32.15
High Date 04/25/2018
Low 26.56
Low Date 05/29/2018
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Valid
Resistance 30.67
Support 27.52
High 35.55
High Date 01/12/2018
Low 26.56
Low Date 05/29/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Pennant
Status Broken Support
Resistance 30.67
Support 42.68
Low 22.13
Low Date 11/16/2017
High 35.55
High Date 01/12/2018
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Test Resistance
Resistance 27.88
Support 19.64
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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