The Greedy Trader Weekly Analysis
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Gannett Co.
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Summary:
Weekly :Overbought sectorWeekly  MACD line has moved above its signal lineTrend resistance at 11.85
Daily :Relative Strength Index and Lane's Stochastic are overboughtWilliams' Percentage Range is strongly overboughtBroken trend resistance line20 Day Moving Average has crossed above the 50 Day Moving AverageThe period of high volatility of the stock price
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It was a third consecutive positive week for the Gannett Co. (GCI). During the week, the GCI climbed 0.06 points, or 0.52%, and closed at 11.63 on Friday, May 18, 2018. Weekly volume was 9% above average.

GCI is a member of Services Sector. Services is the 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 GCI long-term trend chart]
A long-term uptrend had started on November 3, 2016 at 7.30 and reached 12.38 on December 5, 2017. GCI gained -5.08 points, or -69.59%, in 56 weeks. The price is now at the 14.76% retracement level.

Medium-term trend: [See GCI medium-term trend chart]
A medium-term downtrend had started on December 5, 2017 at 12.38 and reached 9.04 on April 4, 2018. GCI lost 3.34 points, or 26.98%, in 17 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The price is near the trend resistance line (11.85). The resistance is usually stronger when technical indicators are overbought. 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 resistance line in a medium-term trend.

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

During the last week, weekly MACD line has moved above its signal line. Such crossover is considered a bullish signal. Use the following link to access a MACD help.

Short-term trend: [See GCI short-term trend chart]
A short-term uptrend had started on April 4, 2018 at 9.04 and reached 11.71 on May 10, 2018. GCI gained -2.67 points, or -29.54%, in 36 days. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (9.87) 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 short-term trend.

Daily Technical Indicators: [See GCI daily technical indicators chart]
Daily Relative Strength Index and Lane's Stochastic are overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Relative Strength Index and Lane's Stochastic or strongly overbought daily 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, Relative Strength Index and Williams' Percentage Range help.

The daily MACD line is above its signal line since April 13, 2018. This is an indication that the short-term trend is up.

The distance between the Bollinger Bands is 104.43% higher then one year average. It indicates the period of high volatility of the stock price. 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 20 Day Moving Average has advanced above the 50 Day Moving Average. Such crossover is considered a bullish 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) 86.30
Overbought
Williams' Percentage Range (W%R) 5.90
Strong Overbought
Lane's Stochastic (%D-Slow) 89.34
Overbought
Greed/Fear Indicator (GFI) 89.91
Overbought
Moving Average Converg./Diverg. (MACD) 0.38
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 54.72
Williams' Percentage Range (W%R) 20.40
Lane's Stochastic (%D-Slow) 57.50
Greed/Fear Indicator (GFI) 65.14
Moving Average Converg./Diverg. (MACD) 0.05
Trading Signals
Description Value Chart
Upper Bollinger Band 12.50
Monthly Trendline Resistance 11.85
Daily Stochastic Crossing 11.64
Price 11.63
Parabolic System 11.19
Weekly Stochastic Crossing 10.80
20 Day Moving Average 10.53
Weekly Trendline Resistance 10.22
50 Day Moving Average 10.04
Weekly Trendline Support 9.87
Lower Bollinger Band 9.01
Sector and Industry
Description Name Rank
Sector Services 9
Industry Publishing - Newspapers 138
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 9.51
Low Date 04/25/2018
High 11.71
High Date 05/10/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 10.22
Support 9.87
Low 9.04
Low Date 04/04/2018
High 11.71
High Date 05/10/2018
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Test Resistance
Resistance 11.85
Support 8.26
High 12.38
High Date 12/05/2017
Low 9.04
Low Date 04/04/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 7.30
Low Date 11/03/2016
High 12.38
High Date 12/05/2017
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 38.48
High Date 06/23/2015
Low 7.30
Low Date 11/03/2016
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.

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