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Archive
- 11/8/2024 -
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Regeneron (REGN) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
Move cursor over the icon to see details.
| | It was the negative week for the Regeneron (REGN). During the week, the REGN dropped -12.50 points, or -1.49%, and closed at 829.20 on Friday, November 8, 2024. Weekly volume was 38% above average.
REGN is a member of Health Care Sector. Health Care is the second most oversold 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 REGN long-term trend chart]
A long-term uptrend had started on September 27, 2019 at 271.37 and reached 1211.20 on August 27, 2024. REGN gained -939.83 points, or -346.33%, in 256 weeks. The chart has formed a Rising Wedge chart pattern. The trend support level is at 785.34 and resistance is at 847.80. A Rising Wage is a triangle formation with a noticeable slant to the upside. It represents the loss of an upside momentum on each successive high and has a bearish bias. The Rising wedge usually marks a reversal in an uptrend. In a downtrend a rising wedge is considered to be a continuation pattern. Use the following link to access a Rising Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Wedge pattern in a long-term trend.
 Medium-term trend: [See REGN medium-term trend chart]
A medium-term uptrend had started on June 14, 2022 at 538.01 and reached 1211.20 on August 27, 2024. REGN gained -673.19 points, or -125.13%, in 115 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The uptrend support line (879.60) 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. REGN 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 medium-term trend.
 Weekly Technical Indicators: [See REGN weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are strongly oversold. Use the Technical Stock Screener to see the list of stocks with weekly strongly oversold Williams' Percentage Range and 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 links to access Lane's Stochastic and Williams' Percentage Range help.
The weekly MACD line is below its signal line since September 20, 2024. The distance between MACD and the signal line is near its high and getting bigger. Use the following link to access a MACD help.
 Short-term trend: [See REGN short-term trend chart]
A short-term uptrend had started on November 6, 2024 at 813.50 and reached 832.50 on November 7, 2024. REGN gained -19.00 points, or -2.34%, in 1 days. The price is now at the 17.37% retracement level.
 Daily Technical Indicators: [See REGN daily technical indicators chart]
Daily Relative Strength Index is oversold while Williams' Percentage Range and Lane's Stochastic are strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold daily Relative Strength Index or strongly oversold daily Williams' Percentage Range and Lane's Stochastic. Use the following link to access Relative Strength Index help.
The daily MACD line is below its signal line since October 18, 2024.
The distance between the Bollinger Bands (33.99%) is close to one year high (25.10%). It is 252.68% higher then one year average. It indicates the period of high volatility of the stock price, and it is considered a sell signal for the option traders. 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.
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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 |
Health Care |
2 |
| Industry |
Biotechnology |
47 |
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| Daily Trend |
| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Low |
813.50 |
| Low Date |
11/06/2024 |
| High |
832.50 |
| High Date |
11/07/2024 |
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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 |
1170.58 |
| High Date |
09/13/2024 |
| Low |
813.50 |
| Low Date |
11/06/2024 |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
Falling Channel |
| Status |
Valid |
| Resistance |
890.01 |
| Support |
818.40 |
| High |
1211.20 |
| High Date |
08/27/2024 |
| Low |
813.50 |
| Low Date |
11/06/2024 |
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| Quarterly Trend |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Broadening Ascending Wedge |
| Status |
Broken Support |
| Resistance |
1266.71 |
| Support |
879.60 |
| Low |
538.01 |
| Low Date |
06/14/2022 |
| High |
1211.20 |
| High Date |
08/27/2024 |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Rising Wedge |
| Status |
Valid |
| Resistance |
847.80 |
| Support |
785.34 |
| Low |
271.37 |
| Low Date |
09/27/2019 |
| High |
1211.20 |
| High Date |
08/27/2024 |
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