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Archive
- 10/16/2026 -
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W. R. Berk (WRB) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was a third consecutive positive week for the W. R. Berk (WRB). During the week, the WRB gained 3.51 points, or 4.88%, and closed at 75.42 on Friday, October 16, 2026. It was the best weekly gain since July 24, 2026. Weekly volume was -18% below average.
 Long-term trend: [See WRB long-term trend chart]
A long-term downtrend had started on November 21, 2025 at 78.96 and reached 62.87 on June 1, 2026. WRB lost 16.09 points, or 20.38%, in 27 weeks. The price is now at the 78.00% retracement level.
 Medium-term trend: [See WRB medium-term trend chart]
A medium-term downtrend had started on July 28, 2026 at 77.45 and reached 66.26 on September 28, 2026. WRB lost 11.19 points, or 14.45%, in 8 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (65.45) 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. WRB 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 WRB weekly technical indicators chart]
Weekly technical indicators are neutral.
During the last week, weekly MACD line has moved above its signal line. Such crossover is considered a bullish signal. Use the following link to access a MACD help.
 Short-term trend: [See WRB short-term trend chart]
A short-term uptrend had started on September 28, 2026 at 66.26 and reached 75.83 on October 15, 2026. WRB gained -9.57 points, or -14.44%, in 17 days. Price is near the trend high.
 Daily Technical Indicators: [See WRB daily technical indicators chart]
Daily Relative Strength Index and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought daily overbought Relative Strength Index 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 Relative Strength Index help.
The daily MACD line is above its signal line since October 1, 2026. This is an indication that the short-term trend is up. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current short-term uptrend is strong.
During the last week, the 20 Day Moving Average has advanced above the 50 Day Moving Average. Such crossover is considered a bullish signal. 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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