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Archive
- 5/23/2025 -
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Perrigo Co (PRGO) Technical Analysis
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| Summary:
| | Weekly : | | Daily : 
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| | It was the negative week for the Perrigo Co (PRGO). During the week, the PRGO dropped -0.49 points, or -1.81%, and closed at 26.56 on Friday, May 23, 2025. Weekly volume was -28% below average.
 Long-term trend: [See PRGO long-term trend chart]
A long-term downtrend had started on February 25, 2020 at 63.86 and reached 23.14 on January 14, 2025. PRGO lost 40.72 points, or 63.76%, in 255 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (14.02) 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 PRGO medium-term trend chart]
A medium-term downtrend had started on August 9, 2022 at 43.90 and reached 23.14 on January 14, 2025. PRGO lost 20.76 points, or 47.29%, in 127 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (22.03) 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 medium-term trend.
 Weekly Technical Indicators: [See PRGO weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is above its signal line since May 9, 2025. The distance between MACD and the signal line is low, but getting bigger. Use the following link to access a MACD help.
 Short-term trend: [See PRGO short-term trend chart]
A short-term uptrend had started on January 14, 2025 at 23.14 and reached 30.93 on March 3, 2025. PRGO gained -7.79 points, or -33.66%, in 48 days. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 24.09 and resistance is at 44.22. 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 short-term trend.
Daily Technical Indicators: [See PRGO daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is above its signal line since April 25, 2025. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term uptrend is getting weak.
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.
Price is close to the 50 Day Moving Average. 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.
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