The Greedy Trader Weekly Analysis
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Archive
- 1/11/2019
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Viacom Inc.
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Summary:
Weekly :Price is near the Fibonacci 61.8% retracement level
Daily :Williams' Percentage Range and Lane's Stochastic are strongly overboughtThe price moved above the moving average in the center of the Bollinger Bands
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It was a third positive week after 5 consecutive negative weeks for the Viacom Inc. (VIAB). During the week, the VIAB gained 2.54 points, or 9.44%, and closed at 29.44 on Friday, January 11, 2019. Weekly volume was 15% above average.

Long-term trend: [See VIAB long-term trend chart]
A long-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. Price is near the Fibonacci 61.8% retracement level. The Fibonacci retracement level is considered a support/resistance level.

Medium-term trend: [See VIAB medium-term trend chart]
A medium-term downtrend had started on September 27, 2018 at 34.44 and reached 23.31 on December 27, 2018. VIAB lost 11.13 points, or 32.32%, in 13 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 21.90 and resistance is at 31.78. 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 medium-term trend.

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

The weekly MACD line is below its signal line since November 30, 2018. This is an indication that the medium-term trend is down. 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 December 27, 2018 at 23.31 and reached 29.77 on January 11, 2019. VIAB gained -6.46 points, or -27.71%, in 15 days. The price is now at the 5.11% retracement level.

Daily Technical Indicators: [See VIAB daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought daily overbought Williams' Percentage Range and Lane's Stochastic. 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 daily MACD line is above its signal line since January 2, 2019. This is an indication that the short-term trend is up. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current short-term uptrend is strong.

During the last week, the price has moved above 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) 72.75
Williams' Percentage Range (W%R) 2.10
Strong Overbought
Lane's Stochastic (%D-Slow) 96.15
Strong Overbought
Greed/Fear Indicator (GFI) 88.93
Overbought
Moving Average Converg./Diverg. (MACD) -0.77
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 42.25
Williams' Percentage Range (W%R) 42.00
Lane's Stochastic (%D-Slow) 22.78
Greed/Fear Indicator (GFI) 42.43
Moving Average Converg./Diverg. (MACD) -0.06
Trading Signals
Description Value Chart
Monthly Trendline Resistance 31.78
Upper Bollinger Band 30.79
50 Day Moving Average 29.79
Daily Stochastic Crossing 29.57
Price 29.44
Parabolic System 27.44
20 Day Moving Average 27.28
Weekly Stochastic Crossing 25.76
Lower Bollinger Band 25.40
Sector and Industry
Description Name Rank
Sector Services 4
Industry Entertainment - Divrsfied 131
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 25.21
Low Date 12/31/2018
High 29.77
High Date 01/11/2019
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 23.31
Low Date 12/27/2018
High 29.77
High Date 01/11/2019
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Valid
Resistance 31.78
Support 21.90
High 34.44
High Date 09/27/2018
Low 23.31
Low Date 12/27/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 26.56
Low Date 05/29/2018
High 34.44
High Date 09/27/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
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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