The Greedy Trader Weekly Analysis
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Archive
- 1/11/2019
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DIAMONDS Trust, Series 1
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Summary:
Weekly :Broken trend resistance line
Daily :Lane's Stochastic is strongly overboughtThe price moved above the moving average in the center of the Bollinger Bands
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It was a third positive week after 3 consecutive negative weeks for the DIAMONDS Trust, Series 1 (DIA). During the week, the DIA gained 5.55 points, or 2.37%, and closed at 239.83 on Friday, January 11, 2019. Weekly volume was -24% 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 269.28 on October 3, 2018. DIA gained -204.50 points, or -315.68%, in 499 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (198.11) 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 downtrend had started on October 3, 2018 at 269.28 and reached 216.97 on December 26, 2018. DIA lost 52.31 points, or 19.43%, in 12 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 210.18 and resistance is at 252.78. A Broadening Descending 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 Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending Wedge pattern 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 October 12, 2018. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is relatively high, but getting smaller. It indicates that the current medium-term downtrend is still strong, and momentum is beginning to wane. 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 January 3, 2019 at 226.36 and reached 240.16 on January 10, 2019. DIA gained -13.80 points, or -6.10%, in 7 days. Price is near the trend high.

Daily Technical Indicators: [See DIA daily technical indicators chart]
Daily Lane's Stochastic is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought daily overbought 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 link to access Lane's Stochastic help.

The daily MACD line is above its signal line since January 3, 2019. This is an indication that the short-term trend is up.

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) 61.47
Williams' Percentage Range (W%R) 29.10
Lane's Stochastic (%D-Slow) 95.97
Strong Overbought
Greed/Fear Indicator (GFI) 76.11
Moving Average Converg./Diverg. (MACD) -3.58
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 38.89
Williams' Percentage Range (W%R) 58.10
Lane's Stochastic (%D-Slow) 24.72
Greed/Fear Indicator (GFI) 37.67
Moving Average Converg./Diverg. (MACD) -0.82
Trading Signals
Description Value Chart
Monthly Trendline Resistance 252.78
Upper Bollinger Band 249.55
50 Day Moving Average 244.39
Price 239.83
Daily Stochastic Crossing 239.73
20 Day Moving Average 233.81
Parabolic System 231.96
Yearly Trendline Resistance 230.93
Weekly Stochastic Crossing 228.03
Lower Bollinger Band 224.09
Monthly Trendline Support 210.18
Yearly Trendline Support 198.11
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 226.36
Low Date 01/03/2019
High 240.16
High Date 01/10/2019
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 216.97
Low Date 12/26/2018
High 240.16
High Date 01/10/2019
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Valid
Resistance 252.78
Support 210.18
High 269.28
High Date 10/03/2018
Low 216.97
Low Date 12/26/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 150.57
Low Date 08/24/2015
High 269.28
High Date 10/03/2018
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 230.93
Support 198.11
Low 64.78
Low Date 03/06/2009
High 269.28
High Date 10/03/2018
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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