The Greedy Trader Weekly Analysis
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Archive
- 5/10/2019
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Dow Jones
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Summary:
Weekly :Williams' Percentage Range and Lane's Stochastic are overbought
Daily :Price has crossed below the 50 Day Moving AveragePrice is near the Fibonacci 38.2% retracement levelThe price has declined below the moving average in the center of the Bollinger Bands
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It was the negative week for the Dow Jones (^DJI). During the week, the ^DJI dropped -562.58 points, or -2.12%, and closed at 25942.37 on Friday, May 10, 2019. It was the worst weekly loss since March 8, 2019. ^DJI was trading at average weekly trading volume.

Long-term trend: [See ^DJI long-term trend chart]
A long-term downtrend had started on October 3, 2018 at 26951.81 and reached 21712.53 on December 26, 2018. ^DJI lost 5239.28 points, or 19.44%, in 12 weeks. The price is now at the 80.73% retracement level.

Medium-term trend: [See ^DJI medium-term trend chart]
A medium-term uptrend had started on December 26, 2018 at 21712.53 and reached 26695.96 on April 23, 2019. ^DJI gained -4983.43 points, or -22.95%, in 16 weeks. The price is now at the 15.12% retracement level.

Weekly Technical Indicators: [See ^DJI weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range 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 Williams' Percentage Range help.

The weekly MACD line is above its signal line since February 1, 2019. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term uptrend is getting weak. Use the following link to access a MACD help.

Short-term trend: [See ^DJI short-term trend chart]
A short-term downtrend had started on April 23, 2019 at 26695.96 and reached 25469.86 on May 10, 2019. ^DJI lost 1226.10 points, or 4.59%, in 17 days. Price is near the Fibonacci 38.2% retracement level. The Fibonacci retracement level is considered a support/resistance level.

Daily Technical Indicators: [See ^DJI daily technical indicators chart]
Daily technical indicators are neutral.

The daily MACD line is below its signal line since April 25, 2019. This is an indication that the short-term trend is down.

During the last week, the price has declined below the moving average in the center of the Bollinger Bands. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.

During the last week, the price has crossed below the 50 Day Moving Average. Such crossover is considered a bearish 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 33.73
Williams' Percentage Range (W%R) 76.00
Lane's Stochastic (%D-Slow) 33.25
Greed/Fear Indicator (GFI) 30.31
Moving Average Converg./Diverg. (MACD) 71.82
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 61.00
Williams' Percentage Range (W%R) 18.70
Overbought
Lane's Stochastic (%D-Slow) 82.32
Overbought
Greed/Fear Indicator (GFI) 72.15
Moving Average Converg./Diverg. (MACD) 266.25
Trading Signals
Description Value Chart
Upper Bollinger Band 26719.02
Weekly Stochastic Crossing 26453.77
20 Day Moving Average 26378.03
Parabolic System 26314.17
50 Day Moving Average 26079.85
Price 25942.37
Daily Stochastic Crossing 25788.51
Lower Bollinger Band 25756.44
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 26695.96
High Date 04/23/2019
Low 25469.86
Low Date 05/10/2019
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 21712.53
Low Date 12/26/2018
High 26695.96
High Date 04/23/2019
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 26951.81
High Date 10/03/2018
Low 21712.53
Low Date 12/26/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 15370.33
Low Date 08/24/2015
High 26951.81
High Date 10/03/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 6440.08
Low Date 03/09/2009
High 26951.81
High Date 10/03/2018
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.

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