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Downtrend Broken Resist.Archive
- 5/2/2025 -
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W. R. Berk (WRB) Technical Analysis
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| Summary:
| | Weekly :   | | Daily :
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| | It was a fourth consecutive positive week for the W. R. Berk (WRB). During the week, the WRB gained 2.13 points, or 3.02%, and closed at 72.61 on Friday, May 2, 2025. Weekly volume was 8% above average.
WRB is a member of Financials Sector. Financials is the most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.
 Long-term trend: [See WRB long-term trend chart]
A long-term uptrend had started on July 19, 2024 at 51.41 and reached 76.38 on March 28, 2025. WRB gained -24.97 points, or -48.57%, in 36 weeks. The chart has formed a Broadening Right-Angled, Ascending Wedge chart pattern. The price is near the trend resistance line (72.07). 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 WRB medium-term trend chart]
A medium-term uptrend had started on January 10, 2025 at 55.97 and reached 76.38 on March 28, 2025. WRB gained -20.41 points, or -36.47%, in 11 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (64.70) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. 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.
The weekly MACD line is above its signal line since October 11, 2024. This is an indication that the medium-term trend is up. 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 April 30, 2025 at 69.93 and reached 72.90 on May 2, 2025. WRB gained -2.97 points, or -4.25%, in 2 days. The price is now at the 9.76% retracement level.
 Daily Technical Indicators: [See WRB daily technical indicators chart]
Daily Lane's Stochastic is overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Lane's Stochastic or strongly overbought daily Williams' Percentage Range. 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.
The daily MACD line is above its signal line since April 21, 2025. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term uptrend is getting weak.
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