The Greedy Trader Weekly Analysis
Sign In May 17, 2024
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Candlesticks Name: Bearish Deliberation
Number of records: 10
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- 5/10/2024 -
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Broadridge Financial Solutions (BR) Technical Analysis

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Summary:
Weekly :
Daily :The price has fallen below the Parabolic SARThe price has declined below the moving average in the center of the Bollinger Bands
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It was the negative week for the Broadridge Financial Solutions (BR). During the week, the BR dropped -3.16 points, or -1.59%, and closed at 195.69 on Friday, May 10, 2024. Weekly volume was 20% above average.

Long-term trend: [See BR long-term trend chart]
A long-term uptrend had started on November 4, 2022 at 131.35 and reached 210.24 on January 30, 2024. BR gained -78.89 points, or -60.06%, in 64 weeks. The price is now at the 18.44% retracement level.

Medium-term trend: [See BR medium-term trend chart]
A medium-term downtrend had started on January 30, 2024 at 210.24 and reached 188.30 on May 8, 2024. BR lost 21.94 points, or 10.44%, in 14 weeks. The price is now at the 33.68% retracement level.

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

The weekly MACD line is below its signal line since February 9, 2024. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current medium-term downtrend is strong. Use the following link to access a MACD help.

Short-term trend: [See BR short-term trend chart]
A short-term downtrend had started on May 7, 2024 at 202.00 and reached 188.30 on May 8, 2024. BR lost 13.70 points, or 6.78%, in 1 days. The price is now at the 53.94% retracement level.

Daily Technical Indicators: [See BR daily technical indicators chart]
Daily technical indicators are neutral.

The daily MACD line is above its signal line since May 2, 2024. The distance between MACD and the signal line is low and getting smaller.

During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward 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 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 52.18
Williams' Percentage Range (W%R) 58.20
Lane's Stochastic (%D-Slow) 58.86
Greed/Fear Indicator (GFI) 50.95
Moving Average Converg./Diverg. (MACD) -1.24
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 42.03
Williams' Percentage Range (W%R) 73.90
Lane's Stochastic (%D-Slow) 31.25
Greed/Fear Indicator (GFI) 35.68
Moving Average Converg./Diverg. (MACD) 5.63
Trading Signals
Description Value Chart
Parabolic System 201.65
Upper Bollinger Band 201.61
50 Day Moving Average 199.68
Price 195.69
20 Day Moving Average 195.13
Daily Stochastic Crossing 195.07
Weekly Stochastic Crossing 192.40
Lower Bollinger Band 191.31
Sector and Industry
Description Name Rank
Sector Information Technology 4
Industry Data Processing & Outsourced Services 50
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 202.00
High Date 05/07/2024
Low 188.30
Low Date 05/08/2024
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 202.00
High Date 05/07/2024
Low 188.30
Low Date 05/08/2024
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 207.55
High Date 04/09/2024
Low 188.30
Low Date 05/08/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 210.24
High Date 01/30/2024
Low 188.30
Low Date 05/08/2024
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 131.35
Low Date 11/04/2022
High 210.24
High Date 01/30/2024
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.