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Monthly Price vs. Trendline:Testing Support
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Trend Line Resistance Trend Line Support Resistance.

Trendline support resistance provides an excellent buy/sell signals in trending market. On an uptrend, buy around the support trend line level and place a stop order below the trend line support. Take profit on the trend line resistance level. Reverse the technique in a downtrend. Short around the resistance trend line level and place a stop order above the trend line resistance.

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- 3/15/2024 -
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Broadridge Financial Solutions (BR) Technical Analysis

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Summary:
Weekly :Overbought sectorBroken trend support line
Daily :Daily  MACD line has moved below its signal lineThe price has fallen below the Parabolic SARPrice has crossed below the 50 Day Moving AverageThe 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 Broadridge Financial Solutions (BR). During the week, the BR dropped -3.35 points, or -1.65%, and closed at 200.20 on Friday, March 15, 2024. Weekly volume was -36% below average.

BR is a member of Information Technology Sector. Information Technology is the second most overbought 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 BR long-term trend chart]
A long-term uptrend had started on November 4, 2022 at 131.35 and reached 210.24 on January 30, 2024. BR gained -78.89 points, or -60.06%, in 64 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 141.63 and resistance is at 216.91. 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 long-term trend.

Medium-term trend: [See BR medium-term trend chart]
A medium-term uptrend had started on February 1, 2024 at 191.87 and reached 205.93 on March 7, 2024. BR gained -14.06 points, or -7.33%, in 5 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend support line (202.61) is broken. A broken support is considered to be a long-term bearish 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 support in a medium-term trend.

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

The weekly MACD line is below its signal line since February 9, 2024. 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 BR short-term trend chart]
A short-term downtrend had started on March 7, 2024 at 205.93 and reached 197.95 on March 15, 2024. BR lost 7.98 points, or 3.88%, in 8 days. The price is now at the 28.20% retracement level.

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

During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.

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.

During the last week, the price has crossed below the 50 Day Moving Average. Such crossover is considered a bearish signal. 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 47.49
Williams' Percentage Range (W%R) 69.30
Lane's Stochastic (%D-Slow) 41.74
Greed/Fear Indicator (GFI) 39.97
Moving Average Converg./Diverg. (MACD) 0.66
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 58.09
Williams' Percentage Range (W%R) 28.20
Lane's Stochastic (%D-Slow) 49.84
Greed/Fear Indicator (GFI) 57.81
Moving Average Converg./Diverg. (MACD) 8.19
Trading Signals
Description Value Chart
Yearly Trendline Resistance 216.91
Monthly Trendline Resistance 206.99
Upper Bollinger Band 206.97
Parabolic System 205.19
Monthly Trendline Support 202.61
Weekly Stochastic Crossing 201.63
50 Day Moving Average 201.54
20 Day Moving Average 201.43
Daily Stochastic Crossing 201.19
Price 200.20
Lower Bollinger Band 196.38
Sector and Industry
Description Name Rank
Sector Information Technology 8
Industry Data Processing & Outsourced Services 73
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 204.95
High Date 03/13/2024
Low 197.95
Low Date 03/15/2024
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 205.93
High Date 03/07/2024
Low 197.95
Low Date 03/15/2024
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Support
Resistance 206.99
Support 202.61
Low 191.87
Low Date 02/01/2024
High 205.93
High Date 03/07/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 210.24
High Date 01/30/2024
Low 191.87
Low Date 02/01/2024
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 216.91
Support 141.63
Low 131.35
Low Date 11/04/2022
High 210.24
High Date 01/30/2024
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.