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Uptrend Broken SupportArchive - 4/19/2024 - Sign In to see current Signals. |
Regeneron (REGN) Technical Analysis
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| Summary:
| | Weekly : | | Daily : Move cursor over the icon to see details.
| | It was the negative week for the Regeneron (REGN). During the week, the REGN gave back -7.88 points, or -0.87%, and closed at 896.82 on Friday, April 19, 2024. REGN was trading at average weekly trading volume. REGN is a member of Biotechnology Industry. Biotechnology is the seventh most oversold industry. 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 REGN long-term trend chart] A long-term uptrend had started on September 27, 2019 at 271.37 and reached 998.33 on February 28, 2024. REGN gained -726.96 points, or -267.89%, in 230 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend resistance line (730.08) 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 long-term trend. Medium-term trend: [See REGN medium-term trend chart] A medium-term uptrend had started on June 28, 2023 at 684.81 and reached 998.33 on February 28, 2024. REGN gained -313.52 points, or -45.78%, in 35 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The price is near the trend support (887.32) line. The support is usually stronger when technical indicators are oversold. 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 support line in a medium-term trend. Weekly Technical Indicators: [See REGN weekly technical indicators chart] Weekly technical indicators are neutral. The weekly MACD line is below its signal line since March 28, 2024. Use the following link to access a MACD help. Short-term trend: [See REGN short-term trend chart] A short-term downtrend had started on February 28, 2024 at 998.33 and reached 890.43 on April 16, 2024. REGN lost 107.90 points, or 10.81%, in 48 days. The price is now at the 5.92% retracement level. Daily Technical Indicators: [See REGN daily technical indicators chart] Daily Relative Strength Index is oversold while Lane's Stochastic is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold daily Relative Strength Index or strongly oversold daily Lane's Stochastic. During the last week, daily Lane's Stochastic main line (%K) has rallied above the oversold signal line (%D). 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 links to access Lane's Stochastic and Relative Strength Index help. The daily MACD line is below its signal line since March 1, 2024. This is an indication that the short-term trend is down. The distance between MACD and the signal line is relatively high, but getting smaller. It indicates that the current short-term downtrend is still strong, and momentum is beginning to wane.
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