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Archive
- 8/20/2010
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Eastman Kodak |
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| Summary:
| | Weekly :   | | Daily :
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| | It was a first positive week after 3 consecutive negative weeks for the Eastman Kodak (EK). During the week, the EK gained 0.07 points, or 1.89%, and closed at 3.77 on Friday, August 20, 2010. Weekly volume was -47% below average.
EK is a member of Consumer Goods Sector. Consumer Goods is the most overbought sector. EK is a member of Photographic Equip/Supls Industry. Photographic Equip/Supls is the second 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 EK long-term trend chart]
A long-term downtrend had started on June 15, 2007 at 30.20 and reached 2.01 on March 6, 2009. EK lost 28.19 points, or 93.34%, in 90 weeks. The chart has formed a Broadening Descending Wedge chart pattern. A Broadening Descending 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 Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending Wedge pattern in a long-term trend.
 Medium-term trend: [See EK medium-term trend chart]
A medium-term uptrend had started on March 6, 2009 at 2.01 and reached 9.08 on April 26, 2010. EK gained -7.07 points, or -351.74%, in 59 weeks. The chart has formed a Rising Channel chart pattern. The uptrend support line (6.78) 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. EK 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 EK weekly technical indicators chart]
Weekly Lane's Stochastic is oversold while Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold weekly Lane's Stochastic or strongly oversold weekly Williams' Percentage Range. 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 May 7, 2010. Use the following link to access a MACD help.
 Short-term trend: [See EK short-term trend chart]
A short-term downtrend had started on April 26, 2010 at 9.08 and reached 3.57 on August 20, 2010. EK lost 5.51 points, or 60.68%, in 116 days. The chart has formed a Falling Wedge chart pattern. A Falling Wedge is a triangle formation with a noticeable slant to the downside. It represents the loss of a downside momentum on each successive low and has a bullish bias. The Falling wedge usually marks a reversal in a downtrend. In an uptrend a falling wedge is considered to be a continuation pattern. Use the following link to access a Falling Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Falling Wedge pattern in a short-term trend.
 Daily Technical Indicators: [See EK daily technical indicators chart]
Daily Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range. During the last week, daily Lane's Stochastic main line (%K) has rallied above the oversold signal line (%D). Such crossover is considered a bullish signal.
During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.
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