The Greedy Trader Weekly Analysis
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Archive
- 6/8/2018
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iPath Dow Jones-AIG Commodity Idx TR ETN
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Summary:
Weekly :Lane's Stochastic is overboughtTrend support at 25.11
Daily :Price is near the Fibonacci 23.6% retracement levelThe price is close to the moving average in the center of the Bollinger BandsPrice is close to the 50 Day Moving Average
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It was the negative week for the iPath Dow Jones-AIG Commodity Idx TR ETN (DJP). During the week, the DJP gave back -0.09 points, or -0.36%, and closed at 25.21 on Friday, June 08, 2018. Weekly volume was 160% above average.

Long-term trend: [See DJP long-term trend chart]
A long-term uptrend had started on June 22, 2017 at 21.61 and reached 25.80 on May 29, 2018. DJP gained -4.19 points, or -19.39%, in 48 weeks. The chart has formed a Rising Channel chart pattern. The price is near the trend support (25.11) 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 long-term trend.

Medium-term trend: [See DJP medium-term trend chart]
A medium-term uptrend had started on February 9, 2018 at 23.58 and reached 25.80 on May 29, 2018. DJP gained -2.22 points, or -9.41%, in 15 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 24.04 and resistance is at 25.92. 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 medium-term trend.

Weekly Technical Indicators: [See DJP weekly technical indicators chart]
Weekly Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly 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 weekly MACD line is above its signal line since April 13, 2018. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term uptrend is getting weak. Use the following link to access a MACD help.

Short-term trend: [See DJP short-term trend chart]
A short-term uptrend had started on June 5, 2018 at 24.92 and reached 25.29 on June 7, 2018. DJP gained -0.37 points, or -1.48%, in 2 days. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.

Daily Technical Indicators: [See DJP daily technical indicators chart]
Daily technical indicators are neutral.

The daily MACD line is below its signal line since May 25, 2018. The distance between MACD and the signal line is low, but getting bigger.

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.

Price is close to the 50 Day Moving Average. 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) 47.85
Williams' Percentage Range (W%R) 76.10
Lane's Stochastic (%D-Slow) 22.11
Greed/Fear Indicator (GFI) 31.28
Moving Average Converg./Diverg. (MACD) 0.09
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 63.31
Williams' Percentage Range (W%R) 30.20
Lane's Stochastic (%D-Slow) 83.75
Overbought
Greed/Fear Indicator (GFI) 69.94
Moving Average Converg./Diverg. (MACD) 0.33
Trading Signals
Description Value Chart
Yearly Trendline Resistance 26.39
Quarterly Trendline Resistance 25.92
Upper Bollinger Band 25.61
Weekly Stochastic Crossing 25.61
Parabolic System 25.50
20 Day Moving Average 25.32
Price 25.21
Yearly Trendline Support 25.11
Daily Stochastic Crossing 25.09
50 Day Moving Average 25.02
Lower Bollinger Band 24.87
Quarterly Trendline Support 24.04
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 24.92
Low Date 06/05/2018
High 25.29
High Date 06/07/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 24.92
Low Date 06/05/2018
High 25.29
High Date 06/07/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 25.80
High Date 05/29/2018
Low 24.92
Low Date 06/05/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 25.92
Support 24.04
Low 23.58
Low Date 02/09/2018
High 25.80
High Date 05/29/2018
Description Value
Direction Up
Chart Pattern Rising Channel
Status Test Support
Resistance 26.39
Support 25.11
Low 21.61
Low Date 06/22/2017
High 25.80
High Date 05/29/2018
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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