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Uptrend Broken SupportArchive
- 4/26/2024 -
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Regeneron (REGN) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was the negative week for the Regeneron (REGN). During the week, the REGN dropped -13.62 points, or -1.52%, and closed at 883.20 on Friday, April 26, 2024. Weekly volume was -18% below average.
REGN is a member of Health Care Sector. Health Care is the second most oversold sector. REGN is a member of Biotechnology Industry. Biotechnology is the seventh 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 REGN long-term trend chart]
A long-term uptrend had started on September 27, 2019 at 271.37 and reached 998.33 on February 28, 2024. REGN gained -726.96 points, or -267.89%, in 230 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend resistance line (732.04) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. 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 REGN medium-term trend chart]
A medium-term uptrend had started on June 14, 2022 at 538.01 and reached 998.33 on February 28, 2024. REGN gained -460.32 points, or -85.56%, in 89 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 855.28 and resistance is at 1027.37. A Rising Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern in a medium-term trend.
 Weekly Technical Indicators: [See REGN weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is below its signal line since March 28, 2024. The distance between MACD and the signal line is relatively 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 downtrend had started on February 28, 2024 at 998.33 and reached 875.23 on April 26, 2024. REGN lost 123.10 points, or 12.33%, in 58 days. The chart has formed a Falling Wedge chart pattern. The downtrend support line (921.74) is broken. Usually a broken support is considered to be a long-term bearish signal, although a short-term pull back is possible. 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 short-term trend.
 Daily Technical Indicators: [See REGN daily technical indicators chart]
Daily Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with daily strongly oversold Williams' Percentage Range. During the last week, daily Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish signal. Daily Relative Strength Index, Lane's Stochastic and MACD have bullish divergence. Use the following links to access the Relative Strength Index, Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with daily Relative Strength Index, Lane's Stochastic and MACD bullish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading 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, Relative Strength Index and Williams' Percentage Range help.
The daily MACD line is below its signal line since March 1, 2024. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term downtrend is getting weak.
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