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Archive
- 4/17/2025 -
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Perrigo Co (PRGO) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was a first positive week for the Perrigo Co (PRGO). During the week, the PRGO gained 0.68 points, or 2.76%, and closed at 25.32 on Thursday, April 17, 2025. It was the best weekly gain since February 28, 2025. Weekly volume was -38% below average.
 Long-term trend: [See PRGO long-term trend chart]
A long-term downtrend had started on February 25, 2020 at 63.86 and reached 23.14 on January 14, 2025. PRGO lost 40.72 points, or 63.76%, in 255 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (14.59) is broken. A broken support is considered to be a long-term bullish signal. 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 PRGO medium-term trend chart]
A medium-term downtrend had started on August 9, 2022 at 43.90 and reached 23.14 on January 14, 2025. PRGO lost 20.76 points, or 47.29%, in 127 weeks. The chart has formed a Falling Wedge chart pattern. The trend support level is at 22.33 and resistance is at 26.41. A Falling Wedge is a triangle formation with a noticeable slant to the downside. It represents the loss of a downside momentum on each successive low and has a bullish bias. The Falling wedge usually marks a reversal in a downtrend. In an uptrend a falling wedge is considered to be a continuation pattern. Use the following link to access a Falling Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Falling Wedge pattern in a medium-term trend.
 Weekly Technical Indicators: [See PRGO weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is above its signal line since February 21, 2025. The distance between MACD and the signal line is low and getting smaller. Use the following link to access a MACD help.
 Short-term trend: [See PRGO short-term trend chart]
A short-term uptrend had started on January 14, 2025 at 23.14 and reached 30.93 on March 3, 2025. PRGO gained -7.79 points, or -33.66%, in 48 days. The chart has formed a Broadening Ascending Wedge chart pattern. The price is near the trend support (25.09) line. The support is usually stronger when technical indicators are oversold. 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 support line in a short-term trend.
Daily Technical Indicators: [See PRGO daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is below its signal line since March 12, 2025.
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.
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