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Downtrend ExhaustionArchive
- 11/8/2024 -
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Coty, Inc (COTY) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was the negative week for the Coty, Inc (COTY). During the week, the COTY dropped -0.32 points, or -4.28%, and closed at 7.16 on Friday, November 8, 2024. Weekly volume was 101% above average.
COTY is a member of Consumer Staples Sector. Consumer Staples is the most oversold sector. COTY is a member of Personal Products Industry. Personal Products is the third most oversold industry. 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 COTY long-term trend chart]
A long-term uptrend had started on May 25, 2022 at 5.90 and reached 13.46 on July 12, 2023. COTY gained -7.56 points, or -128.14%, in 59 weeks. The chart has formed a Symmetric Triangle chart pattern. The uptrend support line (11.24) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. COTY may retest the broken support line. It is considered to be a resistance 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 support in a long-term trend.
 Medium-term trend: [See COTY medium-term trend chart]
A medium-term downtrend had started on February 27, 2024 at 13.30 and reached 7.02 on November 7, 2024. COTY lost 6.28 points, or 47.22%, in 36 weeks. The chart has formed a Falling Channel chart pattern. The downtrend support line (7.94) is broken, while daily and weekly technical indicators are oversold. Downtrend is exhausted and trend reversal is possible soon. 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 COTY weekly technical indicators chart]
Weekly Lane's Stochastic is oversold while Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold weekly Lane's Stochastic or strongly oversold weekly 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 links to access Lane's Stochastic and Williams' Percentage Range help.
The weekly MACD line is below its signal line since March 22, 2024. This is an indication that the medium-term trend is down. Use the following link to access a MACD help.
 Short-term trend: [See COTY short-term trend chart]
A short-term downtrend had started on October 30, 2024 at 7.88 and reached 7.02 on November 7, 2024. COTY lost 0.86 points, or 10.91%, in 8 days. The price is now at the 16.28% retracement level.
Daily Technical Indicators: [See COTY daily technical indicators chart]
Daily Lane's Stochastic is oversold while Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold daily Lane's Stochastic or strongly oversold daily Williams' Percentage Range.
During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.
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