The Greedy Trader Weekly Analysis
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- 6/4/2021 -
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DIAMONDS Trust, Series 1 (DIA)

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Summary:
Weekly :Relative Strength Index is overboughtWilliams' Percentage Range is strongly overboughtStochastic signal line moved below overbought areaBroken trend resistance lineTrend resistance at 334.52
Daily :Stochastic signal line moved below overbought areaA Parabolic SAR indicator is above and near the priceDaily  MACD line has moved above its signal line
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It was a second consecutive positive week for the DIAMONDS Trust, Series 1 (DIA). During the week, the DIA climbed 2.26 points, or 0.65%, and closed at 347.90 on Friday, June 4, 2021. Weekly volume was -19% below average.

Long-term trend: [See DIA long-term trend chart]
A long-term uptrend had started on March 6, 2009 at 64.78 and reached 351.09 on May 10, 2021. DIA gained -286.31 points, or -441.97%, in 635 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The uptrend resistance line (227.93) 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 DIA medium-term trend chart]
A medium-term uptrend had started on March 23, 2020 at 182.10 and reached 351.09 on May 10, 2021. DIA gained -168.99 points, or -92.80%, in 59 weeks. The chart has formed a Rising Wedge chart pattern. The price is near the trend resistance line (334.52). 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 DIA weekly technical indicators chart]
Weekly Relative Strength Index is overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Relative Strength Index or strongly overbought weekly Williams' Percentage Range. During the last week, weekly 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, Relative Strength Index and Williams' Percentage Range help.

The weekly MACD line is above its signal line since November 6, 2020. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term uptrend is getting weak. Use the following link to access a MACD help.

Short-term trend: [See DIA short-term trend chart]
A short-term uptrend had started on October 30, 2020 at 261.42 and reached 351.09 on May 10, 2021. DIA gained -89.67 points, or -34.30%, in 192 days. The chart has formed a Rising Channel chart pattern. The trend support level is at 341.07 and resistance is at 360.24. 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 short-term trend.

Daily Technical Indicators: [See DIA daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish signal.

During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.

A Parabolic SAR (stop and reversal) indicator (347.31) comes close to the price (347.90). 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) 61.89
Williams' Percentage Range (W%R) 25.30
Lane's Stochastic (%D-Slow) 79.73
Greed/Fear Indicator (GFI) 72.11
Moving Average Converg./Diverg. (MACD) 1.84
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 81.82
Overbought
Williams' Percentage Range (W%R) 7.70
Strong Overbought
Lane's Stochastic (%D-Slow) 79.15
Greed/Fear Indicator (GFI) 77.71
Moving Average Converg./Diverg. (MACD) 13.29
Trading Signals
Description Value Chart
Weekly Trendline Resistance 360.24
Upper Bollinger Band 349.53
Price 347.90
Monthly Trendline Support 347.32
Parabolic System 347.31
Daily Stochastic Crossing 347.24
Weekly Stochastic Crossing 347.09
20 Day Moving Average 343.67
Weekly Trendline Support 341.07
50 Day Moving Average 339.85
Lower Bollinger Band 337.63
Monthly Trendline Resistance 334.52
Yearly Trendline Resistance 314.15
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 298.60
Low Date 01/29/2021
High 351.09
High Date 05/10/2021
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 360.24
Support 341.07
Low 261.42
Low Date 10/30/2020
High 351.09
High Date 05/10/2021
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Test Resistance
Resistance 334.52
Support 347.32
Low 182.10
Low Date 03/23/2020
High 351.09
High Date 05/10/2021
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 150.57
Low Date 08/24/2015
High 351.09
High Date 05/10/2021
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Broken Resistance
Resistance 314.15
Support 227.93
Low 64.78
Low Date 03/06/2009
High 351.09
High Date 05/10/2021
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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