The Greedy Trader Weekly Analysis
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BB&T Corporation
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Summary:
Weekly :Broken trend resistance lineStochastic signal line moved above oversold area
Daily :The price has risen above the Parabolic SARThe price moved above the moving average in the center of the Bollinger BandsPrice is close to the 50 Day Moving Average
Move cursor over the icon to see details.

It was a second consecutive positive week for the BB&T Corporation (BBT). During the week, the BBT climbed 0.28 points, or 0.55%, and closed at 51.60 on Friday, August 03, 2018. Weekly volume was -13% 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 (36.03) 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 trend support level is at 48.40 and resistance is at 61.78. 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 technical indicators are neutral. During the last week, weekly Lane's Stochastic signal line (%D) has moved above oversold area. 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. The distance between MACD and the signal line is relatively high, but getting smaller. 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 May 22, 2018 at 56.03 and reached 49.71 on July 20, 2018. BBT lost 6.32 points, or 11.28%, in 59 days. The price is now at the 29.91% retracement level.

Daily Technical Indicators: [See BBT daily technical indicators chart]
Daily technical indicators are neutral.

The daily MACD line is above its signal line since July 25, 2018. The distance between MACD and the signal line is low, but getting bigger.

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. 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) 49.74
Williams' Percentage Range (W%R) 54.50
Lane's Stochastic (%D-Slow) 64.80
Greed/Fear Indicator (GFI) 53.35
Moving Average Converg./Diverg. (MACD) -0.31
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 43.23
Williams' Percentage Range (W%R) 75.90
Lane's Stochastic (%D-Slow) 22.73
Greed/Fear Indicator (GFI) 30.23
Moving Average Converg./Diverg. (MACD) 0.49
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 61.78
Upper Bollinger Band 52.77
50 Day Moving Average 52.08
Price 51.60
Daily Stochastic Crossing 51.37
20 Day Moving Average 51.36
Weekly Stochastic Crossing 51.06
Lower Bollinger Band 49.90
Parabolic System 49.83
Quarterly Trendline Support 48.40
Yearly Trendline Resistance 45.51
Sector and Industry
Description Name Rank
Sector Financial 4
Industry Regional-Mid-Atlantc Bnks 11
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 56.03
High Date 05/22/2018
Low 49.71
Low Date 07/20/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 56.31
High Date 03/12/2018
Low 49.71
Low Date 07/20/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
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 61.78
Support 48.40
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 45.51
Support 36.03
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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