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Price vs. Upper Bollinger Band:Crossover
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Bollinger Band crossover - Stock market timing signal.
The Bollinger bands indicator developed by John Bollinger in the early 1980s is one of the most popular and powerful trading tools. These bands are charted two standard deviations away from a simple moving average, and they provide a relative definition of high and low. Bollinger bands trading technique uses one band as an entry point exit of the other. The center band presents a neutral support/resistance level. As with most indicators, signals generated by bollinger band crossover should be confirmed using complimentary indicators.
bollinger bands,bollinger band crossover,stock market timing signal,bollinger band indicator screener
Archive
- 6/7/2019
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AmerisourceBergen Corp.
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Summary:
Weekly :Trend resistance at 82.54Broken trend resistance line
Daily :Williams' Percentage Range and Lane's Stochastic are overboughtMACD bearish divergenceDaily  MACD line has moved above its signal lineThe price has risen above the Parabolic SARThe price moved above the moving average in the center of the Bollinger Bands
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It was a first positive week for the AmerisourceBergen Corp. (ABC). During the week, the ABC gained 5.62 points, or 7.22%, and closed at 83.48 on Friday, June 7, 2019. ABC was trading at average weekly trading volume.

Long-term trend: [See ABC long-term trend chart]
A long-term downtrend had started on January 29, 2018 at 106.27 and reached 69.36 on December 26, 2018. ABC lost 36.91 points, or 34.73%, in 47 weeks. The chart has formed a Falling Wedge chart pattern. The price is near the trend resistance line (82.54). The resistance is usually stronger when technical indicators are overbought. 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 resistance line in a long-term trend.

Medium-term trend: [See ABC medium-term trend chart]
A medium-term downtrend had started on October 19, 2018 at 94.85 and reached 69.36 on December 26, 2018. ABC lost 25.49 points, or 26.87%, in 9 weeks. The chart has formed a Ascending Triangle chart pattern. The downtrend resistance line (71.05) 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. ABC 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 medium-term trend.

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

The weekly MACD line is above its signal line since May 17, 2019. Use the following link to access a MACD help.

Short-term trend: [See ABC short-term trend chart]
A short-term uptrend had started on April 22, 2019 at 70.55 and reached 83.67 on June 7, 2019. ABC gained -13.12 points, or -18.60%, in 46 days. The chart has formed a Rising Channel chart pattern. The trend support level is at 78.80 and resistance is at 84.54. A Rising 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 Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern in a short-term trend.

Daily Technical Indicators: [See ABC 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. Daily MACD has bearish divergence. Use the following links to access the MACD help, or use the Technical Stock Screener to see the list of stocks with daily MACD bearish 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, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.

During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.

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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 68.37
Williams' Percentage Range (W%R) 14.90
Overbought
Lane's Stochastic (%D-Slow) 80.55
Overbought
Greed/Fear Indicator (GFI) 78.01
Moving Average Converg./Diverg. (MACD) 1.02 Bearish
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 50.63
Williams' Percentage Range (W%R) 30.60
Lane's Stochastic (%D-Slow) 74.94
Greed/Fear Indicator (GFI) 65.67
Moving Average Converg./Diverg. (MACD) -2.02
Trading Signals
Description Value Chart
Weekly Trendline Resistance 84.54
Upper Bollinger Band 83.90
Price 83.48
Daily Stochastic Crossing 82.63
Quarterly Trendline Resistance 82.54
Weekly Stochastic Crossing 80.64
20 Day Moving Average 79.53
Monthly Trendline Resistance 79.32
Weekly Trendline Support 78.80
Parabolic System 78.76
50 Day Moving Average 77.27
Lower Bollinger Band 75.61
Monthly Trendline Support 71.05
Quarterly Trendline Support 69.04
Sector and Industry
Description Name Rank
Sector Services 6
Industry Drugs Wholesale 101
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 77.07
Low Date 05/31/2019
High 83.67
High Date 06/07/2019
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 84.54
Support 78.80
Low 70.55
Low Date 04/22/2019
High 83.67
High Date 06/07/2019
Description Value
Direction Down
Chart Pattern Ascending Triangle
Status Broken Resistance
Resistance 79.32
Support 71.05
High 94.85
High Date 10/19/2018
Low 69.36
Low Date 12/26/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Test Resistance
Resistance 82.54
Support 69.04
High 106.27
High Date 01/29/2018
Low 69.36
Low Date 12/26/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 13.33
Low Date 11/21/2008
High 120.68
High Date 04/30/2015
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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