The Greedy Trader Weekly Analysis
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Weekly Price vs. Fibonacci:Near 38.2% retracement level
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Stock market trading indicator and technical analysis stock screen presents technical stock market timing signals for technical investment analysis like screen stochastic or moving average trading system.. Screen includes following popular indicators and trading systems: Relative Strength Index (RSI), Williams' Percentage Range (W%R) and Lane's Stochastic (%D–Slow), moving average, macd convergence divergence, bullish and bearish divergence. For the best result different technical indicators should be analyzed in different time frames together with trend analysis, sector/industry ranking and stock timing alerts.

The Cooper Companies (COO)

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Summary:
Weekly :Overbought sectorLane's Stochastic is overboughtBroken trend resistance lineTrend support at 367.93
Daily :Williams' Percentage Range is oversoldPrice has crossed below the 50 Day Moving AverageThe price touches the lower Bollinger BandThe period of low volatility of the stock price
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It was the negative week for the The Cooper Companies (COO). During the week, the COO dropped -16.71 points, or -4.33%, and closed at 369.39 on Friday, May 26, 2023. It was the worst weekly loss since March 10, 2023. Weekly volume was 20% above average.

COO is a member of Health Care Sector. Health Care 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 COO long-term trend chart]
A long-term downtrend had started on September 3, 2021 at 463.38 and reached 244.22 on October 13, 2022. COO lost 219.16 points, or 47.30%, in 57 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The downtrend resistance line (157.17) 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 COO medium-term trend chart]
A medium-term uptrend had started on October 13, 2022 at 244.22 and reached 395.20 on May 10, 2023. COO gained -150.98 points, or -61.82%, in 29 weeks. The chart has formed a Rising Wedge chart pattern. The price is near the trend support (367.93) line. The support is usually stronger when technical indicators are oversold. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend support line in a medium-term trend.

Weekly Technical Indicators: [See COO weekly technical indicators chart]
Weekly Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Lane's Stochastic. 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.

The weekly MACD line is above its signal line since November 4, 2022. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term uptrend is getting weak. Use the following link to access a MACD help.

Short-term trend: [See COO short-term trend chart]
A short-term downtrend had started on May 22, 2023 at 394.87 and reached 367.05 on May 26, 2023. COO lost 27.82 points, or 7.05%, in 4 days. The price is now at the 8.41% retracement level.

Daily Technical Indicators: [See COO daily technical indicators chart]
Daily Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range. Use the following link to access Williams' Percentage Range help.

The daily MACD line is below its signal line since April 24, 2023. This is an indication that the short-term trend is down. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current short-term downtrend is strong.

The price touches the lower Bollinger Band. The distance between the Bollinger Bands is falling, and it was 6.51% on Friday. It is 50.21% lower than one year average. It indicates the period of low volatility of the stock price. 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. While the medium-term trend is up and daily technical indicators are oversold, the 50 Day Moving Average is considered a support level. 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) 30.45
Williams' Percentage Range (W%R) 85.90
Oversold
Lane's Stochastic (%D-Slow) 24.15
Greed/Fear Indicator (GFI) 22.89
Moving Average Converg./Diverg. (MACD) 3.19
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 57.63
Williams' Percentage Range (W%R) 32.20
Lane's Stochastic (%D-Slow) 85.64
Overbought
Greed/Fear Indicator (GFI) 70.73
Moving Average Converg./Diverg. (MACD) 13.61
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 399.40
Upper Bollinger Band 393.18
Weekly Stochastic Crossing 390.76
Parabolic System 388.95
20 Day Moving Average 384.12
50 Day Moving Average 374.68
Daily Stochastic Crossing 370.49
Price 369.39
Lower Bollinger Band 369.16
Quarterly Trendline Support 367.93
Yearly Trendline Resistance 351.29
Sector and Industry
Description Name Rank
Sector Health Care 8
Industry Health Care Supplies 89
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 394.87
High Date 05/22/2023
Low 367.05
Low Date 05/26/2023
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 395.20
High Date 05/10/2023
Low 367.05
Low Date 05/26/2023
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 320.04
Low Date 03/02/2023
High 395.20
High Date 05/10/2023
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Test Support
Resistance 399.40
Support 367.93
Low 244.22
Low Date 10/13/2022
High 395.20
High Date 05/10/2023
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Broken Resistance
Resistance 351.29
Support 157.17
High 463.38
High Date 09/03/2021
Low 244.22
Low Date 10/13/2022
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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