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Downtrend ResistanceArchive - 3/15/2024 - Sign In to see current Signals. |
Regeneron (REGN) Technical Analysis
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| Summary:
| | Weekly : | | Daily : Move cursor over the icon to see details.
| | It was the negative week for the Regeneron (REGN). During the week, the REGN gave back -4.36 points, or -0.45%, and closed at 964.47 on Friday, March 15, 2024. REGN was trading at average weekly trading volume. Long-term trend: [See REGN long-term trend chart] A long-term uptrend had started on September 27, 2019 at 271.37 and reached 998.33 on February 28, 2024. REGN gained -726.96 points, or -267.89%, in 230 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend resistance line (720.67) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. 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 REGN medium-term trend chart] A medium-term uptrend had started on June 14, 2022 at 538.01 and reached 998.33 on February 28, 2024. REGN gained -460.32 points, or -85.56%, in 89 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend resistance line (817.81) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. 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 medium-term trend. Weekly Technical Indicators: [See REGN weekly technical indicators chart] Weekly Relative Strength Index, Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Relative Strength Index, 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, Relative Strength Index and Williams' Percentage Range help. The weekly MACD line is above its signal line since December 8, 2023. This is an indication that the medium-term trend is up. Use the following link to access a MACD help. Short-term trend: [See REGN short-term trend chart] A short-term uptrend had started on October 27, 2023 at 769.19 and reached 998.33 on February 28, 2024. REGN gained -229.14 points, or -29.79%, in 124 days. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 905.80 and resistance is at 1022.97. A Broadening Ascending 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 Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a short-term trend. Daily Technical Indicators: [See REGN daily technical indicators chart] Daily technical indicators are neutral. The daily MACD line is below its signal line since March 1, 2024. 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.
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