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Archive
- 8/10/2018
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Viacom Inc.
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Summary:
Weekly :Overbought sectorWeekly  MACD line has moved above its signal lineBroken trend resistance lineBroken trend resistance line
Daily :Williams' Percentage Range is overbought20 Day Moving Average has crossed below the 50 Day Moving AverageBroken trend resistance line
Move cursor over the icon to see details.

It was a first positive week for the Viacom Inc. (VIAB). During the week, the VIAB gained 1.25 points, or 4.30%, and closed at 30.34 on Friday, August 10, 2018. Weekly volume was -25% 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 downtrend resistance line (18.86) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. VIAB may retest the broken resistance line. It is considered to be a support line now. 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 downtrend had started on January 12, 2018 at 35.55 and reached 26.56 on May 29, 2018. VIAB lost 8.99 points, or 25.29%, in 19 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (26.89) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. VIAB may retest the broken resistance line. It is considered to be a support line now. 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 medium-term trend.

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

During the last week, weekly MACD line has moved above its signal line. Such crossover is considered a bullish signal. 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 July 24, 2018 at 27.24 and reached 31.16 on August 9, 2018. VIAB gained -3.92 points, or -14.39%, in 16 days. The chart has formed a Symmetric Triangle chart pattern. The uptrend resistance line (28.79) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. 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 Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily 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 daily MACD line is above its signal line since July 31, 2018. This is an indication that the short-term trend is up.

During the last week, the 20 Day Moving Average has crossed below the 50 Day Moving Average. Such crossover is considered a bearish signal. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 71.70
Williams' Percentage Range (W%R) 19.60
Overbought
Lane's Stochastic (%D-Slow) 66.09
Greed/Fear Indicator (GFI) 72.72
Moving Average Converg./Diverg. (MACD) -0.05
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 50.18
Williams' Percentage Range (W%R) 31.50
Lane's Stochastic (%D-Slow) 55.64
Greed/Fear Indicator (GFI) 59.65
Moving Average Converg./Diverg. (MACD) -0.52
Trading Signals
Description Value Chart
Upper Bollinger Band 30.73
Monthly Trendline Resistance 30.39
Price 30.34
Daily Stochastic Crossing 30.14
Quarterly Trendline Resistance 29.36
Weekly Stochastic Crossing 29.16
50 Day Moving Average 29.00
Weekly Trendline Resistance 28.93
Weekly Trendline Support 28.79
20 Day Moving Average 28.71
Parabolic System 28.36
Lower Bollinger Band 27.45
Quarterly Trendline Support 26.89
Yearly Trendline Resistance 26.10
Monthly Trendline Support 25.69
Sector and Industry
Description Name Rank
Sector Services 8
Industry Entertainment - Divrsfied 91
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 28.42
Low Date 08/08/2018
High 31.16
High Date 08/09/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Symmetric Triangle
Status Broken Resistance
Resistance 28.93
Support 28.79
Low 27.24
Low Date 07/24/2018
High 31.16
High Date 08/09/2018
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Test Resistance
Resistance 30.39
Support 25.69
High 30.81
High Date 06/22/2018
Low 27.24
Low Date 07/24/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Broken Resistance
Resistance 29.36
Support 26.89
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 26.10
Support 18.86
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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