The Greedy Trader Weekly Analysis
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Number of records: 10
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BB&T Corporation
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Summary:
Weekly :Broken trend resistance lineTrend support at 49.70
Daily :Stochastic has raised above the signal line
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It was a first positive week for the BB&T Corporation (BBT). During the week, the BBT climbed 0.45 points, or 0.93%, and closed at 48.99 on Friday, October 05, 2018. Weekly volume was -14% below 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 (36.46) 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 (49.70) 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.

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 47.85 on October 2, 2018. BBT lost 5.23 points, or 9.85%, in 42 days. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 48.38 and resistance is at 51.15. 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 technical indicators are neutral. 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 link to access Lane's Stochastic help.

The daily MACD line is below its signal line since September 7, 2018. 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 40.40
Williams' Percentage Range (W%R) 60.40
Lane's Stochastic (%D-Slow) 24.90
Greed/Fear Indicator (GFI) 34.96
Moving Average Converg./Diverg. (MACD) -0.62
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 44.70
Williams' Percentage Range (W%R) 78.80
Lane's Stochastic (%D-Slow) 33.03
Greed/Fear Indicator (GFI) 33.16
Moving Average Converg./Diverg. (MACD) -0.11
Trading Signals
Description Value Chart
Upper Bollinger Band 52.17
Weekly Trendline Resistance 51.15
50 Day Moving Average 51.07
20 Day Moving Average 50.04
Parabolic System 49.85
Quarterly Trendline Support 49.70
Weekly Stochastic Crossing 49.09
Price 48.99
Daily Stochastic Crossing 48.68
Weekly Trendline Support 48.38
Lower Bollinger Band 47.72
Yearly Trendline Resistance 45.72
Sector and Industry
Description Name Rank
Sector Financial 3
Industry Regional-Mid-Atlantc Bnks 22
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 51.79
High Date 09/20/2018
Low 47.85
Low Date 10/02/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Valid
Resistance 51.15
Support 48.38
High 53.08
High Date 08/21/2018
Low 47.85
Low Date 10/02/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 56.31
High Date 03/12/2018
Low 47.85
Low Date 10/02/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Test Support
Resistance 63.08
Support 49.70
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 45.72
Support 36.46
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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