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Archive
- 8/11/2017
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DIAMONDS Trust, Series 1
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Summary:
Weekly :Williams' Percentage Range is overboughtLane's Stochastic is strongly overboughtStochastic has declined below the signal lineBroken trend resistance lineBroken trend resistance line
Daily :Stochastic has declined below the signal lineDaily  MACD line has moved below its signal lineThe price has fallen below the Parabolic SARThe price is close to the moving average in the center of the Bollinger Bands
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It was the first negative week for the DIAMONDS Trust, Series 1 (DIA). During the week, the DIA gave back -1.91 points, or -0.87%, and closed at 218.70 on Friday, August 11, 2017. It was the worst weekly loss since April 13, 2017. Weekly volume was 41% above 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 221.68 on August 8, 2017. DIA gained -156.90 points, or -242.20%, in 439 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (179.24) 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 August 24, 2015 at 150.57 and reached 221.68 on August 8, 2017. DIA gained -71.11 points, or -47.23%, in 102 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend resistance line (197.03) 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 medium-term trend.

Weekly Technical Indicators: [See DIA weekly technical indicators chart]
Weekly Williams' Percentage Range is overbought while Lane's Stochastic is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range or strongly overbought weekly Lane's Stochastic. During the last week, weekly Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). 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 and Williams' Percentage Range help.

The weekly MACD line is above its signal line since July 28, 2017. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term uptrend is getting stronger. 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 April 19, 2017 at 203.64 and reached 221.68 on August 8, 2017. DIA gained -18.04 points, or -8.86%, in 111 days. The chart has formed a Rising Channel chart pattern. The trend support level is at 217.42 and resistance is at 221.04. 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 main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish signal.

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

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.

The price is close to 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) 72.26
Williams' Percentage Range (W%R) 41.40
Lane's Stochastic (%D-Slow) 51.93
Greed/Fear Indicator (GFI) 60.92
Moving Average Converg./Diverg. (MACD) 1.53
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 73.32
Williams' Percentage Range (W%R) 16.20
Overbought
Lane's Stochastic (%D-Slow) 92.12
Strong Overbought
Greed/Fear Indicator (GFI) 81.27
Overbought
Moving Average Converg./Diverg. (MACD) 4.80
Trading Signals
Description Value Chart
Monthly Trendline Resistance 229.33
Upper Bollinger Band 222.00
Parabolic System 221.77
Weekly Trendline Resistance 221.04
Weekly Stochastic Crossing 220.90
Daily Stochastic Crossing 219.80
Price 218.70
20 Day Moving Average 218.07
Weekly Trendline Support 217.42
50 Day Moving Average 215.37
Lower Bollinger Band 214.27
Monthly Trendline Support 213.17
Yearly Trendline Resistance 212.06
Quarterly Trendline Support 197.03
Quarterly Trendline Resistance 194.86
Yearly Trendline Support 179.24
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 205.86
Low Date 05/18/2017
High 221.68
High Date 08/08/2017
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 221.04
Support 217.42
Low 203.64
Low Date 04/19/2017
High 221.68
High Date 08/08/2017
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 229.33
Support 213.17
Low 154.38
Low Date 01/20/2016
High 221.68
High Date 08/08/2017
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Resistance
Resistance 194.86
Support 197.03
Low 150.57
Low Date 08/24/2015
High 221.68
High Date 08/08/2017
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 212.06
Support 179.24
Low 64.78
Low Date 03/06/2009
High 221.68
High Date 08/08/2017
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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