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Downtrend Broken Resist.Archive
- 6/6/2025 -
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Perrigo Co (PRGO) Technical Analysis
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| Summary:
| | Weekly : | | Daily : 
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| | It was the negative week for the Perrigo Co (PRGO). During the week, the PRGO dropped -0.61 points, or -2.28%, and closed at 26.16 on Friday, June 6, 2025. It was the worst weekly loss since April 11, 2025. Weekly volume was -20% 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 (13.81) 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 downtrend resistance line (21.92) 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 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 May 9, 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 April 10, 2025 at 23.71 and reached 27.90 on May 12, 2025. PRGO gained -4.19 points, or -17.67%, in 32 days. The price is now at the 41.53% retracement level.
 Daily Technical Indicators: [See PRGO daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold 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 below its signal line. Such crossover is considered a bearish signal.
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.
Price is close to the 50 Day Moving Average. While daily technical indicators are oversold, the 50 Day Moving Average is considered a support 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.
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