The Greedy Trader Weekly Analysis
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Number of records: 8
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Indices ETFs Technical Analysis

Archive
- 8/16/2019 -
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DIAMONDS Trust, Series 1 (DIA)

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Summary:
Weekly :Stochastic signal line moved below overbought areaWeekly  MACD line has moved below its signal lineBroken trend support linePrice is near the Fibonacci 23.6% retracement level
Daily :The price has fallen below the Parabolic SAR20 Day Moving Average has crossed below the 50 Day Moving AverageWilliams' Percentage Range is oversold
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It was the negative week for the DIAMONDS Trust, Series 1 (DIA). During the week, the DIA dropped -4.36 points, or -1.66%, and closed at 258.82 on Friday, August 16, 2019. DIA was trading at average weekly trading volume.

Long-term trend: [See DIA long-term trend chart]
A long-term uptrend had started on December 26, 2018 at 216.97 and reached 273.99 on July 16, 2019. DIA gained -57.02 points, or -26.28%, in 28 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend support line (261.80) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. DIA may retest the broken support line. It is considered to be a resistance line now. 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 support in a long-term trend.

Medium-term trend: [See DIA medium-term trend chart]
A medium-term downtrend had started on July 16, 2019 at 273.99 and reached 253.93 on August 15, 2019. DIA lost 20.06 points, or 7.32%, in 4 weeks. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.

Weekly Technical Indicators: [See DIA weekly technical indicators chart]
Weekly technical indicators are neutral. 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 link to access Lane's Stochastic help.

During the last week, weekly MACD line has moved below its signal line. Such crossover is considered a bearish signal. 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 August 15, 2019 at 253.93 and reached 259.23 on August 16, 2019. DIA gained -5.30 points, or -2.09%, in 1 days. The price is now at the 7.74% retracement level.

Daily Technical Indicators: [See DIA daily technical indicators chart]
Daily Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range. Use the following link to access Williams' Percentage Range help.

The daily MACD line is below its signal line since July 19, 2019.

During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward 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 20 Day Moving Average has crossed below the 50 Day Moving Average. Such crossover is considered a bearish 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) 34.34
Williams' Percentage Range (W%R) 82.40
Oversold
Lane's Stochastic (%D-Slow) 30.60
Greed/Fear Indicator (GFI) 27.51
Moving Average Converg./Diverg. (MACD) -1.72
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 48.99
Williams' Percentage Range (W%R) 61.60
Lane's Stochastic (%D-Slow) 66.32
Greed/Fear Indicator (GFI) 51.78
Moving Average Converg./Diverg. (MACD) 3.48
Trading Signals
Description Value Chart
Monthly Trendline Resistance 276.82
Upper Bollinger Band 275.40
50 Day Moving Average 266.18
Weekly Stochastic Crossing 265.78
20 Day Moving Average 265.08
Parabolic System 264.68
Monthly Trendline Support 261.80
Price 258.82
Daily Stochastic Crossing 257.29
Lower Bollinger Band 251.25
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 253.93
Low Date 08/15/2019
High 259.23
High Date 08/16/2019
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 273.99
High Date 07/16/2019
Low 253.93
Low Date 08/15/2019
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Support
Resistance 276.82
Support 261.80
Low 216.97
Low Date 12/26/2018
High 273.99
High Date 07/16/2019
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 150.57
Low Date 08/24/2015
High 273.99
High Date 07/16/2019
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 64.78
Low Date 03/06/2009
High 273.99
High Date 07/16/2019
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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