The Greedy Trader Weekly Analysis
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Archive
7/12/2019
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Archive
- 7/12/2019 -
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Omnicom Group (OMC)

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Summary:
Weekly :Broken uptrend resistance line - uptrend exhaustionWilliams' Percentage Range is strongly overboughtBroken trend resistance line
Daily :Williams' Percentage Range and Lane's Stochastic are overboughtThe price has fallen below the Parabolic SAR
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It was the negative week for the Omnicom Group (OMC). During the week, the OMC gave back -0.06 points, or -0.07%, and closed at 84.69 on Friday, July 12, 2019. It was the worst weekly loss since May 31, 2019. Weekly volume was -20% below average.

Long-term trend: [See OMC long-term trend chart]
A long-term downtrend had started on December 13, 2016 at 89.66 and reached 65.32 on November 8, 2017. OMC lost 24.34 points, or 27.15%, in 47 weeks. The chart has formed a Ascending Triangle chart pattern. The downtrend resistance line (66.32) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. OMC may retest the broken resistance line. It is considered to be a support 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 resistance line in a long-term trend.

Medium-term trend: [See OMC medium-term trend chart]
A medium-term uptrend had started on September 28, 2018 at 65.85 and reached 84.89 on July 3, 2019. OMC gained -19.04 points, or -28.91%, in 39 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend resistance line (77.70) is broken, while daily and weekly technical indicators are overbought. Uptrend is exhausted and trend reversal is possible soon. 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 medium-term trend.

Weekly Technical Indicators: [See OMC weekly technical indicators chart]
Weekly Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought 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 link to access Williams' Percentage Range help.

The weekly MACD line is above its signal line since April 12, 2019. This is an indication that the medium-term trend is up. Use the following link to access a MACD help.

Short-term trend: [See OMC short-term trend chart]
A short-term uptrend had started on June 3, 2019 at 76.72 and reached 84.89 on July 3, 2019. OMC gained -8.17 points, or -10.65%, in 30 days. Price is near the trend high.

Daily Technical Indicators: [See OMC daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range and Lane's Stochastic. Use the following link to access Lane's Stochastic help.

The daily MACD line is above its signal line since June 10, 2019. 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 70.99
Williams' Percentage Range (W%R) 17.60
Overbought
Lane's Stochastic (%D-Slow) 81.20
Overbought
Greed/Fear Indicator (GFI) 78.21
Moving Average Converg./Diverg. (MACD) 1.20
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 74.40
Williams' Percentage Range (W%R) 8.00
Strong Overbought
Lane's Stochastic (%D-Slow) 72.47
Greed/Fear Indicator (GFI) 73.08
Moving Average Converg./Diverg. (MACD) 1.49
Trading Signals
Description Value Chart
Upper Bollinger Band 86.11
Parabolic System 84.82
Price 84.69
Daily Stochastic Crossing 84.49
Weekly Stochastic Crossing 83.06
20 Day Moving Average 82.27
Monthly Trendline Resistance 80.84
50 Day Moving Average 80.28
Lower Bollinger Band 78.85
Monthly Trendline Support 77.70
Yearly Trendline Resistance 75.75
Sector and Industry
Description Name Rank
Sector Services 5
Industry Advertising Agencies 120
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 76.72
Low Date 06/03/2019
High 84.89
High Date 07/03/2019
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 71.75
Low Date 02/12/2019
High 84.89
High Date 07/03/2019
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Resistance
Resistance 80.84
Support 77.70
Low 65.85
Low Date 09/28/2018
High 84.89
High Date 07/03/2019
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 65.32
Low Date 11/08/2017
High 84.89
High Date 07/03/2019
Description Value
Direction Down
Chart Pattern Ascending Triangle
Status Broken Resistance
Resistance 75.75
Support 66.32
High 89.66
High Date 12/13/2016
Low 65.32
Low Date 11/08/2017
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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