The Greedy Trader Weekly Analysis
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Number of records: 6
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BB&T Corporation
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Summary:
Weekly :Broken trend resistance lineStochastic has raised above the signal lineTrend support at 50.29
Daily :Williams' Percentage Range is overboughtPrice is close to the 50 Day Moving AverageDaily  MACD line has moved above its signal lineThe price has risen above the Parabolic SARThe price moved above the moving average in the center of the Bollinger Bands
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It was a first positive week for the BB&T Corporation (BBT). During the week, the BBT gained 2.69 points, or 5.79%, and closed at 49.17 on Friday, November 02, 2018. Weekly volume was 46% above average.

Long-term trend: [See BBT long-term trend chart]
A long-term uptrend had started on March 6, 2009 at 12.90 and reached 56.31 on March 12, 2018. BBT gained -43.41 points, or -336.51%, in 470 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend resistance line (36.66) 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 BBT medium-term trend chart]
A medium-term uptrend had started on February 11, 2016 at 29.95 and reached 56.31 on March 12, 2018. BBT gained -26.36 points, or -88.01%, in 108 weeks. The chart has formed a Rising Channel chart pattern. The price is near the trend support (50.29) 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 BBT weekly technical indicators chart]
Weekly technical indicators are neutral. During the last week, weekly 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 link to access Lane's Stochastic help.

The weekly MACD line is below its signal line since March 23, 2018. Use the following link to access a MACD help.

Short-term trend: [See BBT short-term trend chart]
A short-term downtrend had started on August 21, 2018 at 53.08 and reached 45.93 on October 12, 2018. BBT lost 7.15 points, or 13.47%, in 52 days. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 42.69 and resistance is at 49.92. A Broadening Descending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending Wedge pattern in a short-term trend.

Daily Technical Indicators: [See BBT daily technical indicators chart]
Daily Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range. Use the following link to access Williams' Percentage Range 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.

During the last week, the price has moved above 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.

Price is close to the 50 Day Moving Average. While daily technical indicators are overbought, the 50 Day Moving Average is considered a resistance level. 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) 62.85
Williams' Percentage Range (W%R) 13.50
Overbought
Lane's Stochastic (%D-Slow) 73.09
Greed/Fear Indicator (GFI) 74.15
Moving Average Converg./Diverg. (MACD) -0.58
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 44.50
Williams' Percentage Range (W%R) 54.90
Lane's Stochastic (%D-Slow) 23.15
Greed/Fear Indicator (GFI) 38.28
Moving Average Converg./Diverg. (MACD) -0.58
Trading Signals
Description Value Chart
Upper Bollinger Band 50.45
Quarterly Trendline Support 50.29
Weekly Trendline Resistance 49.92
50 Day Moving Average 49.58
Price 49.17
Daily Stochastic Crossing 49.06
20 Day Moving Average 47.92
Weekly Stochastic Crossing 47.49
Parabolic System 46.16
Lower Bollinger Band 46.13
Yearly Trendline Resistance 45.81
Weekly Trendline Support 42.69
Sector and Industry
Description Name Rank
Sector Financial 3
Industry Regional-Mid-Atlantc Bnks 75
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 45.93
Low Date 10/12/2018
High 49.88
High Date 11/02/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Valid
Resistance 49.92
Support 42.69
High 53.08
High Date 08/21/2018
Low 45.93
Low Date 10/12/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 56.31
High Date 03/12/2018
Low 45.93
Low Date 10/12/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Test Support
Resistance 63.67
Support 50.29
Low 29.95
Low Date 02/11/2016
High 56.31
High Date 03/12/2018
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Resistance
Resistance 45.81
Support 36.66
Low 12.90
Low Date 03/06/2009
High 56.31
High Date 03/12/2018
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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