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Archive
- 4/5/2024 -
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W. R. Berk (WRB) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was the negative week for the W. R. Berk (WRB). During the week, the WRB dropped -1.18 points, or -1.33%, and closed at 87.26 on Friday, April 5, 2024. Weekly volume was -12% below average.
WRB is a member of Financials Sector. Financials is the 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 WRB long-term trend chart]
A long-term downtrend had started on March 14, 2022 at 96.46 and reached 55.50 on May 26, 2023. WRB lost 40.96 points, or 42.46%, in 62 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (49.85) 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 WRB medium-term trend chart]
A medium-term uptrend had started on May 26, 2023 at 55.50 and reached 89.19 on March 28, 2024. WRB gained -33.69 points, or -60.70%, in 43 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The uptrend resistance line (71.83) 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 medium-term trend.
 Weekly Technical Indicators: [See WRB weekly technical indicators chart]
Weekly Lane's Stochastic is overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Lane's Stochastic or strongly overbought weekly Williams' Percentage Range. During the last week, weekly Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish 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 June 23, 2023. This is an indication that the medium-term trend is up. Use the following link to access a MACD help.
 Short-term trend: [See WRB short-term trend chart]
A short-term downtrend had started on March 28, 2024 at 89.19 and reached 86.51 on April 4, 2024. WRB lost 2.68 points, or 3.00%, in 7 days. The price is now at the 27.99% retracement level.
 Daily Technical Indicators: [See WRB 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.
During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.
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.
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