The Greedy Trader Weekly Analysis
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- 5/22/2020 -
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DIAMONDS Trust, Series 1 (DIA)

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Summary:
Weekly :Trend support at 244.58
Daily :Williams' Percentage Range and Lane's Stochastic are overboughtDaily  MACD line has moved above its signal lineThe price has risen above the Parabolic SARThe price moved above the moving average in the center of the Bollinger Bands
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It was a first positive week for the DIAMONDS Trust, Series 1 (DIA). During the week, the DIA gained 7.97 points, or 3.36%, and closed at 244.88 on Friday, May 22, 2020. Weekly volume was -28% 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 295.87 on February 12, 2020. DIA gained -231.09 points, or -356.73%, in 570 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 214.33 and resistance is at 305.10. A Broadening Ascending 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 Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a long-term trend.

Medium-term trend: [See DIA medium-term trend chart]
A medium-term uptrend had started on August 24, 2015 at 150.57 and reached 295.87 on February 12, 2020. DIA gained -145.30 points, or -96.50%, in 233 weeks. The chart has formed a Rising Channel chart pattern. The price is near the trend support (244.58) 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 DIA weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is below its signal line since February 21, 2020. The distance between MACD and the signal line is low and getting smaller. 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 May 14, 2020 at 228.30 and reached 247.38 on May 21, 2020. DIA gained -19.08 points, or -8.36%, in 7 days. The price is now at the 13.10% retracement level.

Daily Technical Indicators: [See DIA daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range and Lane's Stochastic. 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 and Williams' Percentage Range help.

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

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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 58.87
Williams' Percentage Range (W%R) 14.20
Overbought
Lane's Stochastic (%D-Slow) 86.74
Overbought
Greed/Fear Indicator (GFI) 77.12
Moving Average Converg./Diverg. (MACD) 1.98
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 37.55
Williams' Percentage Range (W%R) 44.80
Lane's Stochastic (%D-Slow) 71.19
Greed/Fear Indicator (GFI) 58.29
Moving Average Converg./Diverg. (MACD) -9.39
Trading Signals
Description Value Chart
Upper Bollinger Band 247.57
Price 244.88
Quarterly Trendline Support 244.58
Daily Stochastic Crossing 244.54
20 Day Moving Average 240.79
Weekly Stochastic Crossing 238.43
Lower Bollinger Band 232.45
Parabolic System 230.28
50 Day Moving Average 229.29
Yearly Trendline Support 214.33
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 228.30
Low Date 05/14/2020
High 247.38
High Date 05/21/2020
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 182.10
Low Date 03/23/2020
High 247.67
High Date 04/29/2020
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 295.87
High Date 02/12/2020
Low 182.10
Low Date 03/23/2020
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Test Support
Resistance 301.49
Support 244.58
Low 150.57
Low Date 08/24/2015
High 295.87
High Date 02/12/2020
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 305.10
Support 214.33
Low 64.78
Low Date 03/06/2009
High 295.87
High Date 02/12/2020
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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