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Archive
- 1/8/2021 -
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T. Rowe Price Group (TROW)

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Summary:
Weekly :Overbought sectorLane's Stochastic is overboughtWilliams' Percentage Range is strongly overbought
Daily :Daily  MACD line has moved above its signal lineThe price has risen above the Parabolic SARThe price is above the upper Bollinger BandPrice is near the Fibonacci 23.6% retracement levelThe period of low volatility of the stock price
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It was a second positive week after 3 consecutive negative weeks for the T. Rowe Price Group (TROW). During the week, the TROW gained 3.13 points, or 2.07%, and closed at 154.52 on Friday, January 8, 2021. Weekly volume was -9% below average.

TROW is a member of Financials Sector. Financials 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 TROW long-term trend chart]
A long-term uptrend had started on March 23, 2020 at 82.51 and reached 157.32 on January 8, 2021. TROW gained -74.81 points, or -90.67%, in 41 weeks. Price is near the trend high.

Medium-term trend: [See TROW medium-term trend chart]
A medium-term uptrend had started on September 24, 2020 at 121.58 and reached 157.32 on January 8, 2021. TROW gained -35.74 points, or -29.40%, in 15 weeks. The price is now at the 7.83% retracement level.

Weekly Technical Indicators: [See TROW weekly technical indicators chart]
Weekly Lane's Stochastic is overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Lane's Stochastic or strongly overbought 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 above its signal line since November 20, 2020. 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 TROW short-term trend chart]
A short-term uptrend had started on December 21, 2020 at 145.54 and reached 157.32 on January 8, 2021. TROW gained -11.78 points, or -8.09%, in 18 days. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.

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

During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.

During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward 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.

The price has closed on Friday above the upper Bollinger Band. It is considered a bullish signal. The distance between the Bollinger Bands is falling, and it was 5.28% on Friday. It is 66.66% lower than one year average. It indicates the period of low 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 58.53
Williams' Percentage Range (W%R) 20.10
Lane's Stochastic (%D-Slow) 63.95
Greed/Fear Indicator (GFI) 67.45
Moving Average Converg./Diverg. (MACD) 1.59
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 65.37
Williams' Percentage Range (W%R) 6.60
Strong Overbought
Lane's Stochastic (%D-Slow) 86.23
Overbought
Greed/Fear Indicator (GFI) 77.92
Moving Average Converg./Diverg. (MACD) 5.51
Trading Signals
Description Value Chart
Price 154.52
Daily Stochastic Crossing 154.13
Weekly Stochastic Crossing 153.78
Upper Bollinger Band 153.75
20 Day Moving Average 149.89
Parabolic System 146.47
Lower Bollinger Band 145.59
50 Day Moving Average 144.47
Sector and Industry
Description Name Rank
Sector Financials 11
Industry Asset Management & Custody Banks 103
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 147.05
Low Date 01/05/2021
High 157.32
High Date 01/08/2021
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 145.54
Low Date 12/21/2020
High 157.32
High Date 01/08/2021
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 121.58
Low Date 09/24/2020
High 157.32
High Date 01/08/2021
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 82.51
Low Date 03/23/2020
High 157.32
High Date 01/08/2021
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 62.97
Low Date 11/02/2016
High 157.32
High Date 01/08/2021
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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