The Greedy Trader Weekly Analysis
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CBS Corp.
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Summary:
Weekly :Overbought sectorBroken trend support line
Daily :Stochastic has raised above the signal linePrice is near the Fibonacci 23.6% retracement levelThe price moved above the moving average in the center of the Bollinger BandsPrice is close to the 50 Day Moving Average
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It was a first positive week after 4 consecutive negative weeks for the CBS Corp. (CBS). During the week, the CBS gained 1.15 points, or 2.30%, and closed at 51.13 on Friday, June 08, 2018. Weekly volume was -30% below average.

CBS 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 CBS long-term trend chart]
A long-term uptrend had started on March 9, 2009 at 3.06 and reached 70.10 on April 5, 2017. CBS gained -67.04 points, or -2190.85%, in 421 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend support line (53.06) is broken. A broken support is considered to be a long-term bearish 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 support in a long-term trend.

Medium-term trend: [See CBS medium-term trend chart]
A medium-term uptrend had started on May 3, 2018 at 47.54 and reached 55.50 on May 15, 2018. CBS gained -7.96 points, or -16.74%, in 1 weeks. The price is now at the 54.90% retracement level.

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

The weekly MACD line is above its signal line since May 11, 2018. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term uptrend is getting stronger. Use the following link to access a MACD help.

Short-term trend: [See CBS short-term trend chart]
A short-term downtrend had started on May 15, 2018 at 55.50 and reached 49.79 on June 6, 2018. CBS lost 5.71 points, or 10.29%, in 22 days. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.

Daily Technical Indicators: [See CBS daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic main line (%K) has rallied above the oversold signal line (%D). Such crossover is considered a bullish signal. 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 daily MACD line is below its signal line since May 22, 2018. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term downtrend is getting weak.

During the last week, the price has moved above 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.

Price is close to the 50 Day Moving Average. 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) 45.05
Williams' Percentage Range (W%R) 78.80
Lane's Stochastic (%D-Slow) 44.72
Greed/Fear Indicator (GFI) 36.99
Moving Average Converg./Diverg. (MACD) -0.19
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 44.33
Williams' Percentage Range (W%R) 75.40
Lane's Stochastic (%D-Slow) 54.05
Greed/Fear Indicator (GFI) 42.84
Moving Average Converg./Diverg. (MACD) -2.03
Trading Signals
Description Value Chart
Upper Bollinger Band 53.51
Yearly Trendline Support 53.06
Parabolic System 52.41
Weekly Stochastic Crossing 51.48
20 Day Moving Average 51.42
50 Day Moving Average 51.19
Price 51.13
Daily Stochastic Crossing 50.76
Lower Bollinger Band 48.47
Sector and Industry
Description Name Rank
Sector Services 8
Industry Broadcasting - TV 46
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 55.50
High Date 05/15/2018
Low 49.79
Low Date 06/06/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 47.54
Low Date 05/03/2018
High 55.50
High Date 05/15/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 61.59
High Date 01/18/2018
Low 47.54
Low Date 05/03/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 70.10
High Date 04/05/2017
Low 47.54
Low Date 05/03/2018
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Support
Resistance 70.86
Support 53.06
Low 3.06
Low Date 03/09/2009
High 70.10
High Date 04/05/2017
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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