The Greedy Trader Weekly Analysis
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CBS Corp.
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Summary:
Weekly :Overbought sectorWeekly  MACD line has moved below its signal lineBroken trend support line - Downtrend exhaustionWilliams' Percentage Range is oversoldLane's Stochastic bullish divergenceTrend support at 51.50
Daily :20 Day Moving Average has crossed below the 50 Day Moving AverageWilliams' Percentage Range oversoldLane's Stochastic is strongly oversoldPrice is near the Fibonacci 23.6% retracement levelThe period of high volatility of the stock price
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It was the negative week for the CBS Corp. (CBS). During the week, the CBS dropped -2.64 points, or -4.77%, and closed at 52.76 on Friday, February 09, 2018. Weekly volume was 8% above average.

CBS is a member of Services Sector. Services 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 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 price is near the trend support (51.50) line. The support is usually stronger when technical indicators are oversold. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend support line in a long-term trend.

Medium-term trend: [See CBS medium-term trend chart]
A medium-term downtrend had started on January 18, 2018 at 61.59 and reached 50.63 on February 9, 2018. CBS lost 10.96 points, or 17.80%, in 3 weeks. The chart has formed a Falling Pennant chart pattern. The downtrend support line (57.74) is broken, while daily and weekly technical indicators are oversold. Downtrend 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 support in a medium-term trend.

Weekly Technical Indicators: [See CBS weekly technical indicators chart]
Weekly Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold Williams' Percentage Range. Weekly Lane's Stochastic has bullish divergence. Use the following links to access the Lane's Stochastic help, or use the Technical Stock Screener to see the list of stocks with weekly Lane's Stochastic bullish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading 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 links to access Lane's Stochastic and Williams' Percentage Range help.

During the last week, weekly MACD line has moved below its signal line. Such crossover is considered a bearish signal. 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 February 1, 2018 at 59.59 and reached 50.63 on February 9, 2018. CBS lost 8.96 points, or 15.04%, in 8 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 Williams' Percentage Range is oversold while Lane's Stochastic is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold daily Williams' Percentage Range or strongly oversold daily Lane's Stochastic.

The daily MACD line is below its signal line since January 30, 2018. This is an indication that the short-term trend is down. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current short-term downtrend is strong.

The distance between the Bollinger Bands is 154.88% higher then one year average. It indicates the period of high 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.

During the last week, the 20 Day Moving Average has crossed below the 50 Day Moving Average. Such crossover is considered a bearish signal. 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) 31.71
Williams' Percentage Range (W%R) 86.80
Oversold
Lane's Stochastic (%D-Slow) 9.34
Strong Oversold
Greed/Fear Indicator (GFI) 18.09
Oversold
Moving Average Converg./Diverg. (MACD) -0.68
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 43.26
Williams' Percentage Range (W%R) 86.80
Oversold
Lane's Stochastic (%D-Slow) 46.52
Bullish
Greed/Fear Indicator (GFI) 35.48
Moving Average Converg./Diverg. (MACD) -1.17 Bullish
Trading Signals
Description Value Chart
Upper Bollinger Band 61.41
Weekly Trendline Resistance 58.23
50 Day Moving Average 57.84
Weekly Trendline Support 57.74
20 Day Moving Average 57.21
Parabolic System 55.95
Weekly Stochastic Crossing 55.69
Price 52.76
Daily Stochastic Crossing 51.64
Yearly Trendline Support 51.50
Lower Bollinger Band 51.19
Sector and Industry
Description Name Rank
Sector Services 9
Industry Broadcasting - TV 16
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 59.59
High Date 02/01/2018
Low 50.63
Low Date 02/09/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Falling Pennant
Status Broken Support
Resistance 58.23
Support 57.74
High 61.59
High Date 01/18/2018
Low 50.63
Low Date 02/09/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 70.10
High Date 04/05/2017
Low 50.63
Low Date 02/09/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 38.51
Low Date 09/29/2015
High 70.10
High Date 04/05/2017
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Test Support
Resistance 69.65
Support 51.50
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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