The Greedy Trader Weekly Analysis
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Monthly Price vs. Trendline:Testing Resistance
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Trend Line Resistance Trend Line Support Resistance.

Trendline support resistance provides an excellent buy/sell signals in trending market. On an uptrend, buy around the support trend line level and place a stop order below the trend line support. Take profit on the trend line resistance level. Reverse the technique in a downtrend. Short around the resistance trend line level and place a stop order above the trend line resistance.

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- 3/15/2024 -
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Exelon Corp. (EXC) Technical Analysis

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Summary:
Weekly :Oversold sectorPrice is near the Fibonacci 23.6% retracement level
Daily :A Parabolic SAR indicator is above and near the pricePrice is near the Fibonacci 23.6% retracement level
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It was the negative week for the Exelon Corp. (EXC). During the week, the EXC dropped -0.48 points, or -1.30%, and closed at 36.48 on Friday, March 15, 2024. Weekly volume was 53% above average.

EXC is a member of Utilities Sector. Utilities is the most oversold sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.

Long-term trend: [See EXC long-term trend chart]
A long-term downtrend had started on January 9, 2023 at 44.37 and reached 33.35 on February 9, 2024. EXC lost 11.02 points, or 24.84%, in 56 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 32.82 and resistance is at 42.45. 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 long-term trend.

Medium-term trend: [See EXC medium-term trend chart]
A medium-term uptrend had started on February 9, 2024 at 33.35 and reached 37.42 on March 13, 2024. EXC gained -4.07 points, or -12.20%, 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 EXC weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is above its signal line since March 1, 2024. This is an indication that the medium-term trend is up. Use the following link to access a MACD help.

Short-term trend: [See EXC short-term trend chart]
A short-term downtrend had started on March 13, 2024 at 37.42 and reached 36.21 on March 15, 2024. EXC lost 1.21 points, or 3.23%, in 2 days. Price is near the Fibonacci 23.6% retracement level.

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

The daily MACD line is above its signal line since February 9, 2024. The distance between MACD and the signal line is low and getting smaller.

A Parabolic SAR (stop and reversal) indicator (36.17) comes close to the price (36.48). 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) 61.21
Williams' Percentage Range (W%R) 29.10
Lane's Stochastic (%D-Slow) 69.18
Greed/Fear Indicator (GFI) 67.10
Moving Average Converg./Diverg. (MACD) 0.39
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 38.95
Williams' Percentage Range (W%R) 60.60
Lane's Stochastic (%D-Slow) 61.81
Greed/Fear Indicator (GFI) 52.11
Moving Average Converg./Diverg. (MACD) -1.26
Trading Signals
Description Value Chart
Monthly Trendline Resistance 42.45
Upper Bollinger Band 37.51
Daily Stochastic Crossing 36.98
Price 36.48
Weekly Stochastic Crossing 36.38
20 Day Moving Average 36.21
Parabolic System 36.17
50 Day Moving Average 35.50
Lower Bollinger Band 34.88
Monthly Trendline Support 32.82
Sector and Industry
Description Name Rank
Sector Utilities 1
Industry Multi-Utilities 25
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 37.42
High Date 03/13/2024
Low 36.21
Low Date 03/15/2024
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 33.35
Low Date 02/09/2024
High 37.42
High Date 03/13/2024
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Valid
Resistance 42.45
Support 32.82
High 44.37
High Date 01/09/2023
Low 33.35
Low Date 02/09/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 58.01
High Date 12/31/2021
Low 33.35
Low Date 02/09/2024
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 51.18
High Date 06/07/2019
Low 33.35
Low Date 02/09/2024
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.