The Greedy Trader Weekly Analysis
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Price vs. 50 Day Moving Average:Below
Price vs. 20 Day Moving Average:Above
Number of records: 4
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Moving Average Crossover - stock market timing alerts.
The moving average is one of the oldest analytical tools for stock market alerts. It shows the average value of the stock price over a period of time and is used to emphasize the direction of a trend. While price is below the moving average, it is considered as bearish behaviour in relation to the trend length being viewed. When price falls from the level above the moving average to the level below the moving average, it warns that the price trend being viewed may be weakening, and it presents stock market timing alerts. The moving average is a lagging indicator of the price trend. Moving average and stock price crossover is a stock trading signal. The basic interpretation is to buy when the stock price moves above its moving average and to sell when the price moves below its moving average. The length of the moving average should match the trend time frame. We use 20 day moving average crossover to identify weekly trend and 50 day moving average crossover for monthly trend stock market alerts.
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AMCOR LTD ADR (AMCR)

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Summary:
Weekly :Overbought sectorBroken trend support lineWeekly  MACD line has moved above its signal line
Daily :Daily  MACD line has moved below its signal lineThe price has fallen below the Parabolic SARPrice has crossed below the 50 Day Moving AverageThe price has declined below the moving average in the center of the Bollinger Bands
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It was the negative week for the AMCOR LTD ADR (AMCR). During the week, the AMCR dropped -0.48 points, or -3.88%, and closed at 11.90 on Friday, November 19, 2021. It was the worst weekly loss since June 18, 2021. Weekly volume was -87% below average.

AMCR is a member of Materials Sector. Materials 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 AMCR long-term trend chart]
A long-term uptrend had started on October 28, 2020 at 10.26 and reached 12.92 on August 25, 2021. AMCR gained -2.66 points, or -25.93%, in 43 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend support line (12.02) is broken. A broken support is considered to be a long-term bearish 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 support in a long-term trend.

Medium-term trend: [See AMCR medium-term trend chart]
A medium-term uptrend had started on July 19, 2021 at 11.15 and reached 12.92 on August 25, 2021. AMCR gained -1.77 points, or -15.87%, in 5 weeks. The chart has formed a Symmetric Triangle chart pattern. The trend support level is at 11.70 and resistance is at 12.38. A Symmetric Triangle pattern represents the area of indecision, where the movement direction is questioned. Chart pattern analysis usually considers a symmetric triangle chart pattern as a continuation formation which resolves in the direction of larger trend, but it also may mark the trend reversal. Use the following link to access a Symmetric Triangle chart pattern help, or use a Technical Stock Screener to see the list of stocks with Symmetric Triangle pattern in a medium-term trend.

Weekly Technical Indicators: [See AMCR 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 AMCR short-term trend chart]
A short-term downtrend had started on November 1, 2021 at 11.92 and reached 11.89 on November 19, 2021. AMCR lost 0.03 points, or 0.25%, in 18 days. The price is now at the 33.33% retracement level.

Daily Technical Indicators: [See AMCR daily technical indicators chart]
Daily technical indicators are neutral.

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.

During the last week, the price has declined below 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.

During the last week, the price 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) 48.41
Williams' Percentage Range (W%R) 75.00
Lane's Stochastic (%D-Slow) 38.55
Greed/Fear Indicator (GFI) 37.32
Moving Average Converg./Diverg. (MACD) 0.07
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 45.95
Williams' Percentage Range (W%R) 49.70
Lane's Stochastic (%D-Slow) 55.40
Greed/Fear Indicator (GFI) 49.77
Moving Average Converg./Diverg. (MACD) 0.12
Trading Signals
Description Value Chart
Yearly Trendline Resistance 13.15
Parabolic System 12.44
Upper Bollinger Band 12.43
Quarterly Trendline Resistance 12.38
20 Day Moving Average 12.17
Weekly Stochastic Crossing 12.08
Daily Stochastic Crossing 12.06
Yearly Trendline Support 12.02
50 Day Moving Average 11.99
Price 11.90
Lower Bollinger Band 11.84
Quarterly Trendline Support 11.70
Sector and Industry
Description Name Rank
Sector Materials 8
Industry Paper Packaging 20
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 12.49
High Date 11/03/2021
Low 11.89
Low Date 11/19/2021
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 11.92
High Date 11/01/2021
Low 11.89
Low Date 11/19/2021
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 11.48
Low Date 10/01/2021
High 12.49
High Date 11/03/2021
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Symmetric Triangle
Status Valid
Resistance 12.38
Support 11.70
Low 11.15
Low Date 07/19/2021
High 12.92
High Date 08/25/2021
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Support
Resistance 13.15
Support 12.02
Low 10.26
Low Date 10/28/2020
High 12.92
High Date 08/25/2021
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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