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Archive
- 4/26/2024 -
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Perrigo Co (PRGO) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was a second consecutive positive week for the Perrigo Co (PRGO). During the week, the PRGO gained 1.14 points, or 3.70%, and closed at 31.94 on Friday, April 26, 2024. Weekly volume was -28% below average.
PRGO is a member of Health Care Sector. Health Care is the second most oversold 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 PRGO long-term trend chart]
A long-term downtrend had started on February 25, 2020 at 63.86 and reached 25.77 on February 29, 2024. PRGO lost 38.09 points, or 59.65%, in 209 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (20.13) 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 January 9, 2024 at 34.60 and reached 25.77 on February 29, 2024. PRGO lost 8.83 points, or 25.52%, in 7 weeks. The price is now at the 69.88% retracement level.
 Weekly Technical Indicators: [See PRGO weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is above its signal line since March 22, 2024. The distance between MACD and the signal line is low, but getting bigger. 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 February 29, 2024 at 25.77 and reached 32.46 on April 4, 2024. PRGO gained -6.69 points, or -25.96%, in 35 days. The price is now at the 7.77% retracement level.
Daily Technical Indicators: [See PRGO daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish 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 link to access Lane's Stochastic help.
During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.
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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| Daily Oscillators |
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| Weekly Oscillators |
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| Trading
Signals |
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| Sector and
Industry |
| Description |
Name |
Rank |
| Sector |
Health Care |
2 |
| Industry |
Pharmaceuticals |
45 |
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| Daily Trend |
| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Low |
25.77 |
| Low Date |
02/29/2024 |
| High |
32.46 |
| High Date |
04/04/2024 |
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| Weekly Trend |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| Status |
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| Resistance |
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| Support |
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| High |
34.60 |
| High Date |
01/09/2024 |
| Low |
25.77 |
| Low Date |
02/29/2024 |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| Status |
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| Resistance |
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| Support |
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| High |
43.90 |
| High Date |
08/09/2022 |
| Low |
25.77 |
| Low Date |
02/29/2024 |
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| Quarterly Trend |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
Falling Wedge |
| Status |
Broken Resistance |
| Resistance |
30.04 |
| Support |
20.13 |
| High |
63.86 |
| High Date |
02/25/2020 |
| Low |
25.77 |
| Low Date |
02/29/2024 |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| Status |
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| Resistance |
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| Support |
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| High |
215.73 |
| High Date |
04/08/2015 |
| Low |
25.77 |
| Low Date |
02/29/2024 |
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