The Greedy Trader Weekly Analysis
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Downtrend Broken Resistance

Downtrend Broken Resistance stock alert presents a technical analysis stock market picking technique based on combination of technical indicators, stock trend analysis, trend following indicators and pattern recognition. Downtrend broken resistance stock market alert is a trend trading warning signal. It is a confirmation that long term downtrend reversal is completed and a new uptrend is establiched.

Unlike other alerts, broken resistance is not a buy/sell signal. It is rather warning signal that trend direction has changed. For entry point it is usually better to wait for pull back and retest of resistance line. This point is considered as a second chance to participate in downtrend reversal.

Downtrend Broken Resist.

Archive
- 5/10/2024 -
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Coty, Inc (COTY) Technical Analysis

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Summary:
Weekly :
Daily :The price has fallen below the Parabolic SARThe price has declined below the moving average in the center of the Bollinger Bands
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It was the negative week for the Coty, Inc (COTY). During the week, the COTY dropped -0.43 points, or -3.71%, and closed at 11.17 on Friday, May 10, 2024. Weekly volume was 20% above average.

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 price is now at the 30.29% retracement level.

Medium-term trend: [See COTY medium-term trend chart]
A medium-term downtrend had started on February 27, 2024 at 13.30 and reached 10.41 on April 12, 2024. COTY lost 2.89 points, or 21.73%, in 6 weeks. The price is now at the 26.30% retracement level.

Weekly Technical Indicators: [See COTY weekly technical indicators chart]
Weekly technical indicators are neutral.

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 uptrend had started on April 12, 2024 at 10.41 and reached 11.81 on April 23, 2024. COTY gained -1.40 points, or -13.45%, in 11 days. The price is now at the 45.71% retracement level.

Daily Technical Indicators: [See COTY daily technical indicators chart]
Daily technical indicators are neutral.

The daily MACD line is above its signal line since April 18, 2024. 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.

During the last week, the price has declined below the moving average in the center of the Bollinger Bands. 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 47.66
Williams' Percentage Range (W%R) 46.00
Lane's Stochastic (%D-Slow) 42.27
Greed/Fear Indicator (GFI) 47.98
Moving Average Converg./Diverg. (MACD) -0.08
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 42.90
Williams' Percentage Range (W%R) 73.40
Lane's Stochastic (%D-Slow) 26.60
Greed/Fear Indicator (GFI) 33.73
Moving Average Converg./Diverg. (MACD) 0.12
Trading Signals
Description Value Chart
Upper Bollinger Band 11.98
Parabolic System 11.75
50 Day Moving Average 11.64
20 Day Moving Average 11.25
Price 11.17
Daily Stochastic Crossing 11.09
Weekly Stochastic Crossing 11.05
Lower Bollinger Band 10.65
Sector and Industry
Description Name Rank
Sector Consumer Staples 7
Industry Personal Products 67
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 11.81
High Date 04/23/2024
Low 10.64
Low Date 05/07/2024
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 10.41
Low Date 04/12/2024
High 11.81
High Date 04/23/2024
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 13.30
High Date 02/27/2024
Low 10.41
Low Date 04/12/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 9.02
Low Date 11/01/2023
High 13.30
High Date 02/27/2024
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 5.90
Low Date 05/25/2022
High 13.46
High Date 07/12/2023
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.