The Greedy Trader Weekly Analysis
Sign In May 17, 2019
Skip Navigation Links
   Home
   AnalysisExpand    Analysis
   AlertsExpand    Alerts
   Stock PickExpand    Stock Pick
   MembersExpand    Members
   ResourcesExpand    Resources
   About UsExpand    About Us
Symbol:  

• Symbol Lookup
• Add to Watch List
• Candlestick Patterns - N/A
• Stock Technical Indicators
• Stock Trends Analysis
• Market Sector Rank
• Stock Trading Signals
Archive
- 5/10/2019
Sign In to see current Signals.
Omnicom Group
Subscribe to TheGreedyTrader Weekly Alerts
Summary:
Weekly :Broken trend resistance line
Daily :
Move cursor over the icon to see details.

It was the negative week for the Omnicom Group (OMC). During the week, the OMC gave back -0.49 points, or -0.61%, and closed at 79.55 on Friday, May 10, 2019. Weekly volume was -24% 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 (66.21) is broken. A broken support is considered to be a long-term bullish 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 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 84.35 on April 18, 2019. OMC gained -18.50 points, or -28.09%, in 28 weeks. The chart has formed a Rising Wedge chart pattern. The trend support level is at 75.04 and resistance is at 80.01. A Rising Wage is a triangle formation with a noticeable slant to the upside. It represents the loss of an upside momentum on each successive high and has a bearish bias. The Rising wedge usually marks a reversal in an uptrend. In a downtrend a rising wedge is considered to be a continuation pattern. Use the following link to access a Rising Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Wedge pattern in a medium-term trend.

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

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 February 12, 2019 at 71.75 and reached 84.35 on April 18, 2019. OMC gained -12.60 points, or -17.56%, in 65 days. The chart has formed a Broadening Right-Angled, Ascending Wedge chart pattern. The trend support level is at 72.49 and resistance is at 87.36. 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 Right-Angled, Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Right-Angled, Ascending Wedge pattern in a short-term trend.

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

The daily MACD line is below its signal line since April 30, 2019. The distance between MACD and the signal line is low, but getting bigger.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 38.50
Williams' Percentage Range (W%R) 57.60
Lane's Stochastic (%D-Slow) 34.05
Greed/Fear Indicator (GFI) 38.31
Moving Average Converg./Diverg. (MACD) 1.09
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 54.12
Williams' Percentage Range (W%R) 32.10
Lane's Stochastic (%D-Slow) 66.94
Greed/Fear Indicator (GFI) 64.02
Moving Average Converg./Diverg. (MACD) 0.87
Trading Signals
Description Value Chart
Weekly Trendline Resistance 87.36
Upper Bollinger Band 82.35
Parabolic System 81.17
Weekly Stochastic Crossing 80.72
20 Day Moving Average 80.03
Monthly Trendline Resistance 80.01
Price 79.55
Daily Stochastic Crossing 79.03
50 Day Moving Average 76.77
Yearly Trendline Resistance 76.68
Lower Bollinger Band 75.79
Monthly Trendline Support 75.04
Weekly Trendline Support 72.49
Yearly Trendline Support 66.21
Sector and Industry
Description Name Rank
Sector Services 7
Industry Advertising Agencies 90
Daily Trend
Description Value
Direction Down
Chart Pattern Falling Wedge
High 84.35
High Date 04/18/2019
Low 78.35
Low Date 05/02/2019
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Broadening Right-Angled, Ascending Wedge
Status Valid
Resistance 87.36
Support 72.49
Low 71.75
Low Date 02/12/2019
High 84.35
High Date 04/18/2019
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Valid
Resistance 80.01
Support 75.04
Low 65.85
Low Date 09/28/2018
High 84.35
High Date 04/18/2019
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 65.32
Low Date 11/08/2017
High 84.35
High Date 04/18/2019
Description Value
Direction Down
Chart Pattern Ascending Triangle
Status Broken Resistance
Resistance 76.68
Support 66.21
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.

Copyright© 2004-2018 All rights reserved.