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S&P 500 Overbought StocksArchive
- 12/13/2024 -
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Broadridge Financial Solutions (BR) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was the negative week for the Broadridge Financial Solutions (BR). During the week, the BR gave back -1.93 points, or -0.82%, and closed at 233.50 on Friday, December 13, 2024. Weekly volume was -27% below average.
 Long-term trend: [See BR long-term trend chart]
A long-term uptrend had started on November 4, 2022 at 131.35 and reached 237.96 on December 6, 2024. BR gained -106.61 points, or -81.16%, in 109 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 211.56 and resistance is at 255.19. 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 long-term trend.
 Medium-term trend: [See BR medium-term trend chart]
A medium-term uptrend had started on November 5, 2024 at 208.20 and reached 237.96 on December 6, 2024. BR gained -29.76 points, or -14.29%, in 4 weeks. The chart has formed a Ascending Triangle chart pattern. The uptrend support line (236.10) 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 medium-term trend.
 Weekly Technical Indicators: [See BR 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 November 1, 2024. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current medium-term uptrend is strong. Use the following link to access a MACD help.
 Short-term trend: [See BR short-term trend chart]
A short-term downtrend had started on December 11, 2024 at 236.90 and reached 233.20 on December 13, 2024. BR lost 3.70 points, or 1.56%, in 2 days. The price is now at the 8.11% retracement level.
 Daily Technical Indicators: [See BR 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.
During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.
A Parabolic SAR (stop and reversal) indicator (232.66) comes close to the price (233.50). It indicates that the trend is getting weaker. 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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| Daily Oscillators |
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| Weekly Oscillators |
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| Trading
Signals |
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| Sector and
Industry |
| Description |
Name |
Rank |
| Sector |
Information Technology |
7 |
| Industry |
Data Processing & Outsourced Services |
87 |
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| Daily Trend |
| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| High |
236.90 |
| High Date |
12/11/2024 |
| Low |
233.20 |
| Low Date |
12/13/2024 |
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| Weekly Trend |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| Status |
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| Resistance |
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| Support |
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| High |
236.90 |
| High Date |
12/11/2024 |
| Low |
233.20 |
| Low Date |
12/13/2024 |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Ascending Triangle |
| Status |
Broken Support |
| Resistance |
237.10 |
| Support |
236.10 |
| Low |
208.20 |
| Low Date |
11/05/2024 |
| High |
237.96 |
| High Date |
12/06/2024 |
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| Quarterly Trend |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Status |
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| Resistance |
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| Support |
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| Low |
188.30 |
| Low Date |
05/08/2024 |
| High |
237.96 |
| High Date |
12/06/2024 |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Broadening Ascending Wedge |
| Status |
Valid |
| Resistance |
255.19 |
| Support |
211.56 |
| Low |
131.35 |
| Low Date |
11/04/2022 |
| High |
237.96 |
| High Date |
12/06/2024 |
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