The Greedy Trader Weekly Analysis
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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 :Overbought sectorBroken trend resistance line
Daily :Williams' Percentage Range and Lane's Stochastic are overboughtPrice is close to the 50 Day Moving AverageDaily  MACD line has moved above its signal line
Move cursor over the icon to see details.

It was a second consecutive positive week for the Alexion Pharmaceuticals Inc (ALXN). During the week, the ALXN climbed 0.62 points, or 0.50%, and closed at 123.44 on Friday, November 09, 2018. Weekly volume was -35% below average.

ALXN is a member of Healthcare Sector. Healthcare 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 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 Pennant chart pattern. The downtrend resistance line (105.82) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. ALXN may retest the broken resistance line. It is considered to be a support line now. 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 ALXN medium-term trend chart]
A medium-term downtrend had started on September 28, 2018 at 140.77 and reached 109.74 on October 29, 2018. ALXN lost 31.03 points, or 22.04%, in 4 weeks. The price is now at the 44.15% retracement level.

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

The weekly MACD line is below its signal line since October 19, 2018. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term downtrend is getting weak. Use the following link to access a MACD help.

Short-term trend: [See ALXN short-term trend chart]
A short-term uptrend had started on October 29, 2018 at 109.74 and reached 128.42 on November 8, 2018. ALXN gained -18.68 points, or -17.02%, in 10 days. The price is now at the 26.66% retracement level.

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

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

Price is close to the 50 Day Moving Average. While daily technical indicators are overbought, the 50 Day Moving Average is considered a resistance level. 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) 49.49
Williams' Percentage Range (W%R) 15.30
Overbought
Lane's Stochastic (%D-Slow) 85.90
Overbought
Greed/Fear Indicator (GFI) 73.35
Moving Average Converg./Diverg. (MACD) -1.29
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 49.85
Williams' Percentage Range (W%R) 45.90
Lane's Stochastic (%D-Slow) 35.00
Greed/Fear Indicator (GFI) 47.14
Moving Average Converg./Diverg. (MACD) 0.92
Trading Signals
Description Value Chart
Upper Bollinger Band 133.49
Daily Stochastic Crossing 126.31
50 Day Moving Average 123.83
Price 123.44
20 Day Moving Average 121.36
Weekly Stochastic Crossing 120.18
Yearly Trendline Resistance 116.00
Parabolic System 113.94
Lower Bollinger Band 111.40
Yearly Trendline Support 105.82
Sector and Industry
Description Name Rank
Sector Healthcare 9
Industry Drug Manufacturers/Other 114
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 128.42
High Date 11/08/2018
Low 122.00
Low Date 11/09/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 109.74
Low Date 10/29/2018
High 128.42
High Date 11/08/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 140.77
High Date 09/28/2018
Low 109.74
Low Date 10/29/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 102.10
Low Date 04/20/2018
High 140.77
High Date 09/28/2018
Description Value
Direction Down
Chart Pattern Falling Pennant
Status Broken Resistance
Resistance 116.00
Support 105.82
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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