The Greedy Trader Weekly Analysis
Sign In May 18, 2018
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Number of records: 11
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BB&T Corporation
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Summary:
Weekly :Broken uptrend resistance line - uptrend exhaustionWilliams' Percentage Range is overbought
Daily :Lane's Stochastic is overboughtWilliams' Percentage Range is strongly overboughtMACD bearish divergenceThe price has risen above the Parabolic SARPrice has crossed above the 50 Day Moving Average
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It was a first positive week for the BB&T Corporation (BBT). During the week, the BBT gained 1.95 points, or 3.67%, and closed at 55.06 on Friday, May 11, 2018. It was the best weekly gain since February 16, 2018. Weekly volume was -30% 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 (35.47) is broken, while daily and weekly technical indicators are overbought. Uptrend is exhausted and trend reversal is possible soon. 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 trend support level is at 46.98 and resistance is at 59.37. A Rising Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern in a medium-term trend.

Weekly Technical Indicators: [See BBT weekly technical indicators chart]
Weekly Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range. 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 Williams' Percentage Range 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 uptrend had started on April 2, 2018 at 50.13 and reached 55.42 on May 11, 2018. BBT gained -5.29 points, or -10.55%, in 39 days. The price is now at the 6.81% retracement level.

Daily Technical Indicators: [See BBT daily technical indicators chart]
Daily Lane's Stochastic is overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Lane's Stochastic or strongly overbought daily Williams' Percentage Range. Daily MACD has bearish divergence. Use the following links to access the MACD help, or use the Technical Stock Screener to see the list of stocks with daily MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. Use the following link to access Lane's Stochastic help.

The daily MACD line is above its signal line since April 18, 2018. This is an indication that the short-term trend is up.

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 advanced above the 50 Day Moving Average. Such crossover is considered a bullish 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) 64.19
Williams' Percentage Range (W%R) 7.60
Strong Overbought
Lane's Stochastic (%D-Slow) 87.19
Overbought
Greed/Fear Indicator (GFI) 81.25
Overbought
Moving Average Converg./Diverg. (MACD) 0.22 Bearish
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 49.88
Williams' Percentage Range (W%R) 19.00
Overbought
Lane's Stochastic (%D-Slow) 46.78
Greed/Fear Indicator (GFI) 59.40
Moving Average Converg./Diverg. (MACD) 1.51
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 59.37
Monthly Trendline Resistance 58.46
Upper Bollinger Band 55.83
Price 55.06
Daily Stochastic Crossing 55.00
50 Day Moving Average 53.31
20 Day Moving Average 53.21
Weekly Stochastic Crossing 52.80
Parabolic System 52.34
Lower Bollinger Band 51.22
Monthly Trendline Support 47.34
Quarterly Trendline Support 46.98
Yearly Trendline Resistance 45.24
Sector and Industry
Description Name Rank
Sector Financial 7
Industry Regional-Mid-Atlantc Bnks 128
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 50.13
Low Date 04/02/2018
High 55.42
High Date 05/11/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 56.31
High Date 03/12/2018
Low 50.13
Low Date 04/02/2018
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 58.46
Support 47.34
Low 41.17
Low Date 05/31/2017
High 56.31
High Date 03/12/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 59.37
Support 46.98
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 45.24
Support 35.47
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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