The Greedy Trader Weekly Analysis
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Archive
- 3/15/2019
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Dow Jones
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Summary:
Weekly :Williams' Percentage Range is overboughtLane's Stochastic is strongly overbought
Daily :The price has risen above the Parabolic SARPrice is near the Fibonacci 61.8% retracement levelThe price moved above the moving average in the center of the Bollinger BandsThe period of low volatility of the stock price
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It was a first positive week for the Dow Jones (^DJI). During the week, the ^DJI gained 398.63 points, or 1.57%, and closed at 25848.87 on Friday, March 15, 2019. Weekly volume was 13% above average.

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 78.95% 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 26241.42 on February 25, 2019. ^DJI gained -4528.89 points, or -20.86%, in 8 weeks. The price is now at the 8.67% retracement level.

Weekly Technical Indicators: [See ^DJI weekly technical indicators chart]
Weekly Williams' Percentage Range is overbought while Lane's Stochastic is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range or strongly overbought weekly 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. 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 February 25, 2019 at 26241.42 and reached 25208.00 on March 11, 2019. ^DJI lost 1033.42 points, or 3.94%, in 14 days. Price is near the Fibonacci 61.8% 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 February 27, 2019. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term downtrend is getting weak.

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.

During the last week, the price has moved above the moving average in the center of the Bollinger Bands. The distance between the Bollinger Bands is falling, and it was 2.87% on Friday. It is 57.04% lower than one year average. It indicates the period of low volatility of the stock price. 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 41.64
Williams' Percentage Range (W%R) 50.40
Lane's Stochastic (%D-Slow) 55.49
Greed/Fear Indicator (GFI) 48.92
Moving Average Converg./Diverg. (MACD) 201.90
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 61.21
Williams' Percentage Range (W%R) 12.20
Overbought
Lane's Stochastic (%D-Slow) 90.20
Strong Overbought
Greed/Fear Indicator (GFI) 79.24
Moving Average Converg./Diverg. (MACD) -40.56
Trading Signals
Description Value Chart
Weekly Stochastic Crossing 26014.99
Upper Bollinger Band 26006.41
Price 25848.87
20 Day Moving Average 25818.96
Daily Stochastic Crossing 25623.28
Lower Bollinger Band 25265.12
Parabolic System 25212.60
50 Day Moving Average 25063.79
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 26241.42
High Date 02/25/2019
Low 25208.00
Low Date 03/11/2019
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 21712.53
Low Date 12/26/2018
High 26241.42
High Date 02/25/2019
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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