The Greedy Trader Weekly Analysis
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Weekly Price vs. Trendline:Broken Support
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Parabolic SAR Crossover - Stock market timing signals.

The Parabolic System is also known as a Stop and Reverse (Parabolic SAR) system, and it was developed by Welles Wilder, the author of the Relative Strength Index (RSI). Parabolic System is a trend following technique that is useful for catching new trends early. The Parabolic System used to set trailing price stops. The stops below the price are considered as bullish, above the price as bearish. Parabolic SAR crossover generates excellent buy and sell signals in trending market but tends to whipsaw during non-trending, sideways phases.

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- 3/15/2024 -
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Global Payments (GPN) Technical Analysis

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Summary:
Weekly :Overbought sector
Daily :20 Day Moving Average has crossed below the 50 Day Moving AverageStochastic signal line moved above oversold areaDaily  MACD line has moved above its signal lineThe price has risen above the Parabolic SAR
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It was a first positive week after 5 consecutive negative weeks for the Global Payments (GPN). During the week, the GPN climbed 0.25 points, or 0.19%, and closed at 129.88 on Friday, March 15, 2024. Weekly volume was 32% above average.

GPN is a member of Information Technology Sector. Information Technology is the second most overbought 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 GPN long-term trend chart]
A long-term uptrend had started on December 19, 2022 at 92.27 and reached 141.78 on February 15, 2024. GPN gained -49.51 points, or -53.66%, in 60 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 112.04 and resistance is at 139.41. 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 long-term trend.

Medium-term trend: [See GPN medium-term trend chart]
A medium-term uptrend had started on October 30, 2023 at 101.97 and reached 141.78 on February 15, 2024. GPN gained -39.81 points, or -39.04%, in 15 weeks. The price is now at the 29.89% retracement level.

Weekly Technical Indicators: [See GPN weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is above its signal line since December 8, 2023. 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 GPN short-term trend chart]
A short-term downtrend had started on February 15, 2024 at 141.78 and reached 127.59 on March 5, 2024. GPN lost 14.19 points, or 10.01%, in 19 days. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 125.91 and resistance is at 141.20. 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 short-term trend.

Daily Technical Indicators: [See GPN daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish 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 link to access Lane's Stochastic help.

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

During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward 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.

During the last week, the 20 Day Moving Average has crossed below the 50 Day Moving Average. Such crossover is considered a bearish signal. 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) 39.40
Williams' Percentage Range (W%R) 76.50
Lane's Stochastic (%D-Slow) 50.26
Greed/Fear Indicator (GFI) 37.71
Moving Average Converg./Diverg. (MACD) -0.49
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 67.57
Williams' Percentage Range (W%R) 28.10
Lane's Stochastic (%D-Slow) 48.03
Greed/Fear Indicator (GFI) 57.13
Moving Average Converg./Diverg. (MACD) 4.81
Trading Signals
Description Value Chart
Weekly Trendline Resistance 141.20
Quarterly Trendline Resistance 139.41
Upper Bollinger Band 135.33
Daily Stochastic Crossing 134.05
Weekly Stochastic Crossing 132.88
50 Day Moving Average 132.37
20 Day Moving Average 131.15
Price 129.88
Parabolic System 128.95
Lower Bollinger Band 127.73
Weekly Trendline Support 125.91
Quarterly Trendline Support 112.04
Sector and Industry
Description Name Rank
Sector Information Technology 8
Industry Data Processing & Outsourced Services 73
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 127.59
Low Date 03/05/2024
High 140.38
High Date 03/13/2024
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 141.20
Support 125.91
High 141.78
High Date 02/15/2024
Low 127.59
Low Date 03/05/2024
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 101.97
Low Date 10/30/2023
High 141.78
High Date 02/15/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 139.41
Support 112.04
Low 92.27
Low Date 12/19/2022
High 141.78
High Date 02/15/2024
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 220.81
High Date 04/26/2021
Low 92.27
Low Date 12/19/2022
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.