The Greedy Trader Weekly Analysis
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Uptrend Support

Uptrend Support stock alert presents a technical analysis stock market picking technique based on combination of technical indicators, stock trend analysis, trend following indicators and pattern recognition. Stock market alert is a warning signal. Uptrend Support stock alert indicates that price is near long-term support trendline and probability of short-term trend reversal is high. The strategy here is to take advantage of established uptrend price pullback and entering the long position just prior to the continuation of the trend. The strategy has relatively low risk.

Uptrend Support

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- 5/10/2024 -
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International Flav/Frag (IFF) Technical Analysis

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Summary:
Weekly :Overbought sectorLane's Stochastic is overboughtWilliams' Percentage Range is strongly overboughtLane's Stochastic bearish divergencePrice is near the Fibonacci 38.2% retracement level
Daily :Broken uptrend resistance line - uptrend exhaustionRelative Strength Index is overboughtWilliams' Percentage Range and Lane's Stochastic are strongly overbought
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It was a fifth consecutive positive week for the International Flav/Frag (IFF). During the week, the IFF gained 10.54 points, or 12.17%, and closed at 97.18 on Friday, May 10, 2024. Weekly volume was 29% above average.

IFF is a member of Materials Sector. Materials 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 IFF long-term trend chart]
A long-term downtrend had started on August 11, 2021 at 157.08 and reached 62.11 on August 18, 2023. IFF lost 94.97 points, or 60.46%, in 105 weeks. Price is near the Fibonacci 38.2% retracement level. The Fibonacci retracement level is considered a support/resistance level.

Medium-term trend: [See IFF medium-term trend chart]
A medium-term uptrend had started on August 18, 2023 at 62.11 and reached 98.02 on May 10, 2024. IFF gained -35.91 points, or -57.82%, in 38 weeks. Price is near the trend high.

Weekly Technical Indicators: [See IFF weekly technical indicators chart]
Weekly 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 weekly Lane's Stochastic or strongly overbought weekly Williams' Percentage Range. Weekly Lane's Stochastic has bearish divergence. Use the following links to access the Lane's Stochastic help, or use the Technical Stock Screener to see the list of stocks with weekly Lane's Stochastic 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 weekly MACD line is above its signal line since October 13, 2023. This is an indication that the medium-term trend is up. Use the following link to access a MACD help.

Short-term trend: [See IFF short-term trend chart]
A short-term uptrend had started on February 28, 2024 at 72.94 and reached 98.02 on May 10, 2024. IFF gained -25.08 points, or -34.38%, in 72 days. The chart has formed a Symmetric Triangle chart pattern. The uptrend resistance line (84.29) is broken, while daily and weekly technical indicators are overbought. Uptrend is exhausted and trend reversal is possible soon. 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 short-term trend.

Daily Technical Indicators: [See IFF daily technical indicators chart]
Daily Relative Strength Index is overbought while Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Relative Strength Index or strongly overbought daily Williams' Percentage Range and Lane's Stochastic. Use the following link to access Relative Strength Index help.

The daily MACD line is above its signal line since May 2, 2024. 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 82.88
Overbought
Williams' Percentage Range (W%R) 4.20
Strong Overbought
Lane's Stochastic (%D-Slow) 95.72
Strong Overbought
Greed/Fear Indicator (GFI) 91.47
Strong Overbought
Moving Average Converg./Diverg. (MACD) 1.81
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 73.06
Williams' Percentage Range (W%R) 2.70
Strong Overbought
Lane's Stochastic (%D-Slow) 84.83
Overbought Bearish
Greed/Fear Indicator (GFI) 81.33
Overbought
Moving Average Converg./Diverg. (MACD) 1.71
Trading Signals
Description Value Chart
Upper Bollinger Band 98.48
Daily Stochastic Crossing 97.54
Price 97.18
Weekly Stochastic Crossing 95.20
Parabolic System 91.05
20 Day Moving Average 87.13
Weekly Trendline Resistance 85.92
50 Day Moving Average 84.38
Weekly Trendline Support 84.29
Lower Bollinger Band 78.91
Sector and Industry
Description Name Rank
Sector Materials 10
Industry Specialty Chemicals 73
Daily Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Low 81.75
Low Date 04/15/2024
High 98.02
High Date 05/10/2024
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Symmetric Triangle
Status Broken Resistance
Resistance 85.92
Support 84.29
Low 72.94
Low Date 02/28/2024
High 98.02
High Date 05/10/2024
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 62.11
Low Date 08/18/2023
High 98.02
High Date 05/10/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 157.08
High Date 08/11/2021
Low 62.11
Low Date 08/18/2023
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 157.40
High Date 01/17/2018
Low 62.11
Low Date 08/18/2023
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.