The Greedy Trader Weekly Analysis
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- 12/8/2017
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DIAMONDS Trust, Series 1
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Summary:
Weekly :Broken uptrend resistance line - uptrend exhaustionBroken uptrend resistance line - uptrend exhaustionRelative Strength Index is overboughtWilliams' Percentage Range and Lane's Stochastic are strongly overboughtStochastic has declined below the signal lineLane's Stochastic and MACD bearish divergence
Daily :Broken uptrend resistance line - uptrend exhaustionRelative Strength Index and Williams' Percentage Range are overboughtStochastic signal line moved below overbought areaA Parabolic SAR indicator is above and near the price
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It was a third consecutive positive week for the DIAMONDS Trust, Series 1 (DIA). During the week, the DIA climbed 1.10 points, or 0.45%, and closed at 243.62 on Friday, December 08, 2017. Weekly volume was 43% 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 245.57 on December 4, 2017. DIA gained -180.79 points, or -279.08%, in 456 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (183.64) is broken, while daily and weekly technical indicators are overbought. Uptrend is exhausted and trend reversal is possible soon. 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 245.57 on December 4, 2017. DIA gained -95.00 points, or -63.09%, in 119 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend resistance line (205.18) is broken, while daily and weekly technical indicators are overbought. Uptrend is exhausted and trend reversal is possible soon. 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 Relative Strength Index is overbought while Williams' Percentage Range and Lane's Stochastic are 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 and 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. Weekly Lane's Stochastic and MACD have bearish divergence. Use the following links to access the Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with weekly Lane's Stochastic and MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading 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 September 15, 2017. This is an indication that the medium-term trend is up. 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 245.57 on December 4, 2017. DIA gained -41.93 points, or -20.59%, in 229 days. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (230.74) is broken, while daily and weekly technical indicators are overbought. Uptrend is exhausted and trend reversal is possible soon. 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 short-term trend.

Daily Technical Indicators: [See DIA daily technical indicators chart]
Daily Relative Strength Index and Williams' Percentage Range are overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Relative Strength Index and Williams' Percentage Range. During the last week, daily Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish signal.

The daily MACD line is above its signal line since November 28, 2017. This is an indication that the short-term trend is up.

A Parabolic SAR (stop and reversal) indicator (241.85) comes close to the price (243.62). 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) 84.17
Overbought
Williams' Percentage Range (W%R) 18.40
Overbought
Lane's Stochastic (%D-Slow) 70.42
Greed/Fear Indicator (GFI) 78.72
Moving Average Converg./Diverg. (MACD) 2.41
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 88.70
Overbought
Williams' Percentage Range (W%R) 7.70
Strong Overbought
Lane's Stochastic (%D-Slow) 91.90
Strong Overbought Bearish
Greed/Fear Indicator (GFI) 86.41
Overbought
Moving Average Converg./Diverg. (MACD) 6.40 Bearish
Trading Signals
Description Value Chart
Upper Bollinger Band 246.20
Weekly Stochastic Crossing 243.96
Price 243.62
Daily Stochastic Crossing 243.45
Parabolic System 241.85
Monthly Trendline Resistance 241.83
20 Day Moving Average 237.84
Weekly Trendline Resistance 234.23
50 Day Moving Average 233.82
Lower Bollinger Band 231.11
Weekly Trendline Support 230.74
Monthly Trendline Support 225.66
Yearly Trendline Resistance 216.45
Quarterly Trendline Support 205.18
Quarterly Trendline Resistance 197.82
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Low 215.73
Low Date 08/21/2017
High 245.57
High Date 12/04/2017
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 234.23
Support 230.74
Low 203.64
Low Date 04/19/2017
High 245.57
High Date 12/04/2017
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 241.83
Support 225.66
Low 154.38
Low Date 01/20/2016
High 245.57
High Date 12/04/2017
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Resistance
Resistance 197.82
Support 205.18
Low 150.57
Low Date 08/24/2015
High 245.57
High Date 12/04/2017
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 216.45
Support 183.64
Low 64.78
Low Date 03/06/2009
High 245.57
High Date 12/04/2017
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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