The Greedy Trader Weekly Analysis
Sign In Feb 16, 2018
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Number of records: 7
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Downtrend exhaustion - Stock Market Timing Signals and trading strategies.
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Alexion Pharmaceuticals Inc
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Summary:
Weekly :Weekly  MACD line has moved below its signal lineWilliams' Percentage Range is oversoldRelative Strength Index bullish divergence
Daily :Williams' Percentage Range and Lane's Stochastic are oversoldLane's Stochastic bullish divergencePrice is near the Fibonacci 23.6% retracement level
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It was the negative week for the Alexion Pharmaceuticals Inc (ALXN). During the week, the ALXN dropped -7.55 points, or -6.50%, and closed at 108.60 on Friday, February 09, 2018. Weekly volume was 26% above average.

Long-term trend: [See ALXN long-term trend chart]
A long-term downtrend had started on July 23, 2015 at 208.88 and reached 96.18 on May 26, 2017. ALXN lost 112.70 points, or 53.95%, in 96 weeks. The chart has formed a Falling Channel chart pattern. The trend support level is at 76.85 and resistance is at 137.21. A Falling Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Falling Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Falling Channel pattern in a long-term trend.

Medium-term trend: [See ALXN medium-term trend chart]
A medium-term downtrend had started on September 5, 2017 at 149.34 and reached 104.95 on February 9, 2018. ALXN lost 44.39 points, or 29.72%, in 22 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 77.10 and resistance is at 126.95. A Broadening Descending 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 Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending Wedge pattern in a medium-term trend.

Weekly Technical Indicators: [See ALXN 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 Relative Strength Index has bullish divergence. Use the following links to access the Relative Strength Index help, or use the Technical Stock Screener to see the list of stocks with weekly Relative Strength Index 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 Relative Strength Index 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 ALXN short-term trend chart]
A short-term downtrend had started on February 7, 2018 at 119.12 and reached 104.95 on February 9, 2018. ALXN lost 14.17 points, or 11.90%, in 2 days. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.

Daily Technical Indicators: [See ALXN daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range and Lane's Stochastic. Daily 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 daily Lane's Stochastic bullish divergence. Use the following link to access Lane's Stochastic help.

The daily MACD line is below its signal line since January 29, 2018. This is an indication that the short-term trend is down. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current short-term downtrend is strong.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 28.04
Williams' Percentage Range (W%R) 83.00
Oversold
Lane's Stochastic (%D-Slow) 17.10
Oversold Bullish
Greed/Fear Indicator (GFI) 20.71
Moving Average Converg./Diverg. (MACD) -0.53
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 40.98
Bullish
Williams' Percentage Range (W%R) 89.70
Oversold
Lane's Stochastic (%D-Slow) 68.53
Greed/Fear Indicator (GFI) 42.15
Moving Average Converg./Diverg. (MACD) -2.46 Bullish
Trading Signals
Description Value Chart
Upper Bollinger Band 129.01
Quarterly Trendline Resistance 126.95
Weekly Stochastic Crossing 120.95
20 Day Moving Average 120.13
50 Day Moving Average 117.88
Parabolic System 117.03
Daily Stochastic Crossing 108.74
Price 108.60
Lower Bollinger Band 106.86
Sector and Industry
Description Name Rank
Sector Healthcare 6
Industry Drug Manufacturers/Other 43
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 119.12
High Date 02/07/2018
Low 104.95
Low Date 02/09/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 119.12
High Date 02/07/2018
Low 104.95
Low Date 02/09/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 129.15
High Date 01/24/2018
Low 104.95
Low Date 02/09/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Valid
Resistance 126.95
Support 77.10
High 149.34
High Date 09/05/2017
Low 104.95
Low Date 02/09/2018
Description Value
Direction Down
Chart Pattern Falling Channel
Status Valid
Resistance 137.21
Support 76.85
High 208.88
High Date 07/23/2015
Low 96.18
Low Date 05/26/2017
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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