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Uptrend Broken SupportArchive
- 4/19/2024 -
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W. R. Berk (WRB) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was a first positive week for the W. R. Berk (WRB). During the week, the WRB climbed 0.25 points, or 0.30%, and closed at 82.40 on Friday, April 19, 2024. Weekly volume was 10% above 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 (49.58) 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 trend support level is at 72.59 and resistance is at 91.61. A Broadening Ascending 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 Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a medium-term trend.
 Weekly Technical Indicators: [See WRB weekly technical indicators chart]
Weekly technical indicators are neutral. During the last week, weekly Lane's Stochastic signal line (%D) has moved below overbought area. 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 link to access Lane's Stochastic help.
During the last week, weekly MACD line has moved below its signal line. Such crossover is considered a bearish signal. Use the following link to access a MACD help.
 Short-term trend: [See WRB short-term trend chart]
A short-term uptrend had started on April 17, 2024 at 80.37 and reached 82.43 on April 19, 2024. WRB gained -2.06 points, or -2.56%, in 2 days. Price is near the trend high.
 Daily Technical Indicators: [See WRB daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range and Lane's Stochastic. During the last week, daily Lane's Stochastic main line (%K) has rallied above the oversold signal line (%D). Such crossover is considered a bullish signal. Use the following link to access Williams' Percentage Range help.
The daily MACD line is below its signal line since April 1, 2024.
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