The Greedy Trader Weekly Analysis
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Acuity Brands Inc
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Summary:
Weekly :Overbought sectorBroken trend resistance lineLane's Stochastic is oversold
Daily :The price has declined below the moving average in the center of the Bollinger Bands
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It was the negative week for the Acuity Brands Inc (AYI). During the week, the AYI dropped -4.07 points, or -3.11%, and closed at 126.94 on Friday, November 09, 2018. Weekly volume was -34% below average.

AYI is a member of Services Sector. Services is the second 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 AYI long-term trend chart]
A long-term downtrend had started on August 23, 2016 at 280.89 and reached 109.98 on May 7, 2018. AYI lost 170.91 points, or 60.85%, in 88 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (83.58) 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 AYI medium-term trend chart]
A medium-term downtrend had started on September 21, 2018 at 173.01 and reached 116.15 on October 24, 2018. AYI lost 56.86 points, or 32.87%, in 4 weeks. The price is now at the 18.98% retracement level.

Weekly Technical Indicators: [See AYI weekly technical indicators chart]
Weekly Lane's Stochastic is oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold Lane's Stochastic. 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 Lane's Stochastic help.

The weekly MACD line is below its signal line since October 12, 2018. This is an indication that the medium-term trend is down. Use the following link to access a MACD help.

Short-term trend: [See AYI short-term trend chart]
A short-term uptrend had started on October 24, 2018 at 116.15 and reached 134.68 on November 7, 2018. AYI gained -18.53 points, or -15.95%, in 14 days. The price is now at the 41.77% retracement level.

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

The daily MACD line is above its signal line since October 29, 2018. This is an indication that the short-term trend is up.

During the last week, the price has declined below the moving average in the center of the Bollinger Bands. 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) 57.06
Williams' Percentage Range (W%R) 44.60
Lane's Stochastic (%D-Slow) 70.06
Greed/Fear Indicator (GFI) 60.83
Moving Average Converg./Diverg. (MACD) -3.59
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 45.01
Williams' Percentage Range (W%R) 78.80
Lane's Stochastic (%D-Slow) 11.78
Oversold
Greed/Fear Indicator (GFI) 25.86
Moving Average Converg./Diverg. (MACD) -0.71
Trading Signals
Description Value Chart
50 Day Moving Average 139.65
Upper Bollinger Band 137.57
Daily Stochastic Crossing 131.21
Price 126.94
20 Day Moving Average 125.11
Parabolic System 125.02
Weekly Stochastic Crossing 124.23
Lower Bollinger Band 119.41
Yearly Trendline Resistance 106.51
Sector and Industry
Description Name Rank
Sector Services 8
Industry Electronics Wholesale 17
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 134.68
High Date 11/07/2018
Low 124.08
Low Date 11/09/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 116.15
Low Date 10/24/2018
High 134.68
High Date 11/07/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 173.01
High Date 09/21/2018
Low 116.15
Low Date 10/24/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 109.98
Low Date 05/07/2018
High 173.01
High Date 09/21/2018
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Broken Resistance
Resistance 106.51
Support 83.58
High 280.89
High Date 08/23/2016
Low 109.98
Low Date 05/07/2018
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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