The Greedy Trader Weekly Analysis
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Daily D%-Slow:< 20
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Lane's Stochastic (%D-Slow)

The Lane's Stochastic indicator developed by George Lane is one of the most useful and widely used momentum oscillators in technical analysis. Lane's Stochastic oscillator uses four indicators to combine relative strength with moving average methods. %K is an un-smoothed RSI. %D is a moving average of %K (fast stochastic). %D-Slow is a longer term moving average of %K, and finally %D-Slow (slow stochastic) Moving Avg. is another moving average. Like other overbought oversold oscillators, they are normalized within a scale of 0 to 100. Buy/sell signals are generated by %D stochastic crossover with its moving average above 80%, for overvalued, or below 20%, for undervalued stocks. The divergence between price and indicator is the most important buy/sell stocks trading signal. Lane's Stochastic bullish divergence/bearish divergence should be considered together with other stock market trading alerts, trading indicator and technical trading techniques.

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- 3/15/2024 -
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Borgwarner Inc (BWA) Technical Analysis

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Summary:
Weekly :Oversold industryWeekly  MACD line has moved above its signal lineTrend resistance at 32.37
Daily :A Parabolic SAR indicator is above and near the price
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It was a third positive week after 4 consecutive negative weeks for the Borgwarner Inc (BWA). During the week, the BWA climbed 0.08 points, or 0.25%, and closed at 32.12 on Friday, March 15, 2024. Weekly volume was 29% above average.

BWA is a member of Auto Parts & Equipment Industry. Auto Parts & Equipment is the fifth most oversold industry. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.

Long-term trend: [See BWA long-term trend chart]
A long-term downtrend had started on March 3, 2023 at 51.17 and reached 29.51 on February 20, 2024. BWA lost 21.66 points, or 42.33%, in 50 weeks. The price is now at the 12.05% retracement level.

Medium-term trend: [See BWA medium-term trend chart]
A medium-term downtrend had started on January 2, 2024 at 36.42 and reached 29.51 on February 20, 2024. BWA lost 6.91 points, or 18.97%, in 7 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The price is near the trend resistance line (32.37). The resistance is usually stronger when technical indicators are overbought. 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 resistance line in a medium-term trend.

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

During the last week, weekly MACD line has moved above its signal line. Such crossover is considered a bullish signal. Use the following link to access a MACD help.

Short-term trend: [See BWA short-term trend chart]
A short-term uptrend had started on February 20, 2024 at 29.51 and reached 33.06 on March 13, 2024. BWA gained -3.55 points, or -12.03%, in 22 days. The price is now at the 26.48% retracement level.

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

The daily MACD line is above its signal line since February 28, 2024. This is an indication that the short-term trend is up.

A Parabolic SAR (stop and reversal) indicator (31.89) comes close to the price (32.12). It indicates that the trend is getting weaker. 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 73.84
Williams' Percentage Range (W%R) 25.90
Lane's Stochastic (%D-Slow) 69.54
Greed/Fear Indicator (GFI) 72.49
Moving Average Converg./Diverg. (MACD) -0.24
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 46.95
Williams' Percentage Range (W%R) 72.60
Lane's Stochastic (%D-Slow) 24.97
Greed/Fear Indicator (GFI) 32.41
Moving Average Converg./Diverg. (MACD) -2.34
Trading Signals
Description Value Chart
Upper Bollinger Band 33.47
Daily Stochastic Crossing 32.58
50 Day Moving Average 32.52
Monthly Trendline Resistance 32.37
Price 32.12
Parabolic System 31.89
20 Day Moving Average 31.28
Weekly Stochastic Crossing 31.01
Lower Bollinger Band 30.23
Monthly Trendline Support 27.28
Sector and Industry
Description Name Rank
Sector Consumer Discretionary 7
Industry Auto Parts & Equipment 5
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 33.06
High Date 03/13/2024
Low 31.83
Low Date 03/14/2024
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 29.51
Low Date 02/20/2024
High 33.06
High Date 03/13/2024
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Test Resistance
Resistance 32.37
Support 27.28
High 36.42
High Date 01/02/2024
Low 29.51
Low Date 02/20/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 51.17
High Date 03/03/2023
Low 29.51
Low Date 02/20/2024
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 55.55
High Date 06/03/2021
Low 29.51
Low Date 02/20/2024
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.