The Greedy Trader Weekly Analysis
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BB&T Corporation
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Summary:
Weekly :
Daily :Relative Strength Index is overboughtStochastic signal line moved below overbought areaPrice is close to the 50 Day Moving Average
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It was a third consecutive positive week for the BB&T Corporation (BBT). During the week, the BBT gained 0.89 points, or 1.84%, and closed at 49.26 on Friday, April 12, 2019. BBT was trading at average weekly trading volume.

Long-term trend: [See BBT long-term trend chart]
A long-term downtrend had started on March 12, 2018 at 56.31 and reached 40.68 on December 26, 2018. BBT lost 15.63 points, or 27.76%, in 41 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 34.99 and resistance is at 51.28. 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 long-term trend.

Medium-term trend: [See BBT medium-term trend chart]
A medium-term uptrend had started on December 26, 2018 at 40.68 and reached 52.45 on March 4, 2019. BBT gained -11.77 points, or -28.93%, in 9 weeks. The price is now at the 27.10% retracement level.

Weekly Technical Indicators: [See BBT weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is above its signal line since January 25, 2019. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term uptrend is getting stronger. Use the following link to access a MACD help.

Short-term trend: [See BBT short-term trend chart]
A short-term uptrend had started on March 25, 2019 at 44.51 and reached 49.68 on April 12, 2019. BBT gained -5.17 points, or -11.62%, in 18 days. The price is now at the 8.12% retracement level.

Daily Technical Indicators: [See BBT daily technical indicators chart]
Daily Relative Strength Index is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Relative Strength Index. During the last week, daily Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish 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 above its signal line since April 1, 2019. This is an indication that the short-term trend is up.

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) 86.64
Overbought
Williams' Percentage Range (W%R) 26.10
Lane's Stochastic (%D-Slow) 69.59
Greed/Fear Indicator (GFI) 76.69
Moving Average Converg./Diverg. (MACD) -0.40
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 60.45
Williams' Percentage Range (W%R) 27.90
Lane's Stochastic (%D-Slow) 43.19
Greed/Fear Indicator (GFI) 56.14
Moving Average Converg./Diverg. (MACD) -0.35
Trading Signals
Description Value Chart
Upper Bollinger Band 51.31
Quarterly Trendline Resistance 51.28
50 Day Moving Average 49.32
Price 49.26
Daily Stochastic Crossing 48.95
20 Day Moving Average 47.63
Weekly Stochastic Crossing 47.46
Parabolic System 47.14
Lower Bollinger Band 45.22
Sector and Industry
Description Name Rank
Sector Financial 6
Industry Regional-Mid-Atlantc Bnks 38
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 44.51
Low Date 03/25/2019
High 49.68
High Date 04/12/2019
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 52.45
High Date 03/04/2019
Low 44.51
Low Date 03/25/2019
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 40.68
Low Date 12/26/2018
High 52.45
High Date 03/04/2019
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Valid
Resistance 51.28
Support 34.99
High 56.31
High Date 03/12/2018
Low 40.68
Low Date 12/26/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
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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