The Greedy Trader Weekly Analysis
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Weekly W%R:> 80
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Williams' Percentage Range (W%R)

Williams' %R is an effective momentum indicator that measures overbought/oversold levels. Like other indicators, W%R ranges between 0% and 100% , but in opposite to the other indicators, the 0% indicating overbought and 100% - the oversold stocks. W%R measures the closing price in relation to the recent low/high range. A bullish signal is generated when the W%R has reached 100, five time bars have elapsed, and the W%R has subsequently fallen to 95. A reverse signal is considered as bearish. For the sake of simplicity, the W%R closed above 10% is considered bearish and below 90% - bullish. In trending markets, the W%R stays at one end of the scale and gives false signals to trade against the trend. That is why W%R is not considered a stand-along technique, and it is essential to use it with some sort of trend formation indicators. The divergence between price and W%R rarely occurs and presents an important buy/sell signal. As our research shows, the W%R move to upper or lower bounds can be used as an earliest signal of an impending reversal. Using the Williams %R bullish divergence/bearish divergence, chart patterns, trendlines, support, and resistance lines along with the W%R chart can be very useful.

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- 3/15/2024 -
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Coty, Inc (COTY) Technical Analysis

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Summary:
Weekly :Trend support at 12.23
Daily :Bullish Meeting Lines CandlestickThe price has declined below the moving average in the center of the Bollinger BandsPrice is close to the 50 Day Moving Average
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It was the negative week for the Coty, Inc (COTY). During the week, the COTY dropped -0.39 points, or -3.06%, and closed at 12.34 on Friday, March 15, 2024. Weekly volume was -54% below 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 chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 9.77 and resistance is at 16.77. 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 COTY medium-term trend chart]
A medium-term uptrend had started on November 1, 2023 at 9.02 and reached 13.30 on February 27, 2024. COTY gained -4.28 points, or -47.45%, in 16 weeks. The chart has formed a Rising Channel chart pattern. The price is near the trend support (12.23) line. The support is usually stronger when technical indicators are oversold. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend support line in a medium-term trend.

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

The weekly MACD line is above its signal line since December 1, 2023. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term uptrend is getting weak. Use the following link to access a MACD help.

Short-term trend: [See COTY short-term trend chart]
A short-term downtrend had started on March 8, 2024 at 12.98 and reached 12.18 on March 15, 2024. COTY lost 0.80 points, or 6.16%, in 7 days. The price is now at the 20% retracement level.

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

The daily MACD line is below its signal line since March 7, 2024. This is an indication that the short-term trend is down.

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.

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.

Candlestick pattern: [See COTY candlestick chart pattern]
On Friday the chart has formed a Bullish Meeting Lines Candlestick pattern. This pattern appears during a decline, and it is a sign that a potential bullish reversal is in play. The reliability of the Bullish Meeting Lines Candlestick pattern is medium. Use the Technical Stock Screener to see the list of stocks that had a Bullish Meeting Lines Candlestick pattern during the last week.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 28.87
Williams' Percentage Range (W%R) 73.10
Lane's Stochastic (%D-Slow) 33.46
Greed/Fear Indicator (GFI) 29.72
Moving Average Converg./Diverg. (MACD) 0.13
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 56.29
Williams' Percentage Range (W%R) 25.50
Lane's Stochastic (%D-Slow) 60.11
Greed/Fear Indicator (GFI) 61.17
Moving Average Converg./Diverg. (MACD) 0.31
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 13.76
Upper Bollinger Band 13.16
Parabolic System 12.77
Weekly Stochastic Crossing 12.71
20 Day Moving Average 12.65
Daily Stochastic Crossing 12.43
Price 12.34
50 Day Moving Average 12.28
Quarterly Trendline Support 12.23
Lower Bollinger Band 11.88
Sector and Industry
Description Name Rank
Sector Consumer Staples 4
Industry Personal Products 96
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 12.98
High Date 03/08/2024
Low 12.18
Low Date 03/15/2024
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 12.98
High Date 03/08/2024
Low 12.18
Low Date 03/15/2024
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 13.30
High Date 02/27/2024
Low 12.18
Low Date 03/15/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Test Support
Resistance 13.76
Support 12.23
Low 9.02
Low Date 11/01/2023
High 13.30
High Date 02/27/2024
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 16.77
Support 9.77
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.