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Archive
- 4/30/2021 -
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Zoetis (ZTS)

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Summary:
Weekly :Williams' Percentage Range is strongly overboughtBroken trend resistance line
Daily :Lane's Stochastic is overboughtWilliams' Percentage Range is strongly overboughtStochastic has declined below the signal lineLane's Stochastic and MACD bearish divergence
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It was a eighth positive week after 3 consecutive negative weeks for the Zoetis (ZTS). During the week, the ZTS gained 2.49 points, or 1.46%, and closed at 173.03 on Friday, April 30, 2021. Weekly volume was -79% below average.

Long-term trend: [See ZTS long-term trend chart]
A long-term downtrend had started on November 5, 2020 at 176.64 and reached 141.41 on March 5, 2021. ZTS lost 35.23 points, or 19.94%, in 17 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The downtrend resistance line (131.96) 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. ZTS 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 ZTS medium-term trend chart]
A medium-term uptrend had started on March 5, 2021 at 141.41 and reached 174.85 on April 30, 2021. ZTS gained -33.44 points, or -23.65%, in 8 weeks. The price is now at the 5.44% retracement level.

Weekly Technical Indicators: [See ZTS weekly technical indicators chart]
Weekly Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought 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 April 16, 2021. This is an indication that the medium-term trend is up. Use the following link to access a MACD help.

Short-term trend: [See ZTS short-term trend chart]
A short-term uptrend had started on April 26, 2021 at 169.01 and reached 174.85 on April 30, 2021. ZTS gained -5.84 points, or -3.46%, in 4 days. The price is now at the 31.16% retracement level.

Daily Technical Indicators: [See ZTS daily technical indicators chart]
Daily 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 daily Lane's Stochastic or strongly overbought daily Williams' Percentage Range. During the last week, daily Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish signal. Daily Lane's Stochastic and MACD have bearish divergence. Use the following links to access the Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with daily Lane's Stochastic and MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. Use the following link to access Lane's Stochastic help.

The daily MACD line is above its signal line since March 12, 2021. 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 79.19
Williams' Percentage Range (W%R) 5.90
Strong Overbought
Lane's Stochastic (%D-Slow) 85.48
Overbought Bearish
Greed/Fear Indicator (GFI) 86.25
Overbought
Moving Average Converg./Diverg. (MACD) 3.50 Bearish
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 56.94
Williams' Percentage Range (W%R) 3.40
Strong Overbought
Lane's Stochastic (%D-Slow) 77.37
Greed/Fear Indicator (GFI) 77.49
Moving Average Converg./Diverg. (MACD) 1.49
Trading Signals
Description Value Chart
Upper Bollinger Band 177.34
Daily Stochastic Crossing 173.88
Price 173.03
Parabolic System 171.26
Weekly Stochastic Crossing 169.09
20 Day Moving Average 165.98
Monthly Trendline Resistance 159.87
50 Day Moving Average 159.07
Lower Bollinger Band 155.96
Sector and Industry
Description Name Rank
Sector Health Care 4
Industry Pharmaceuticals 12
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 169.01
Low Date 04/26/2021
High 174.85
High Date 04/30/2021
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 141.41
Low Date 03/05/2021
High 174.85
High Date 04/30/2021
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Broken Resistance
Resistance 159.87
Support 131.96
High 176.64
High Date 11/05/2020
Low 141.41
Low Date 03/05/2021
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 37.73
Low Date 08/24/2015
High 176.64
High Date 11/05/2020
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 34.16
Low Date 10/15/2014
High 176.64
High Date 11/05/2020
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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