The Greedy Trader Weekly Analysis
Sign In May 17, 2019
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Number of records: 6
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Gap (The)
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Summary:
Weekly :Williams' Percentage Range is oversoldBroken trend support line
Daily :Daily  MACD line has moved below its signal lineThe price is below the lower Bollinger BandPrice has crossed below the 50 Day Moving AverageLane's Stochastic is oversold
Move cursor over the icon to see details.

It was the negative week for the Gap (The) (GPS). During the week, the GPS dropped -1.62 points, or -6.24%, and closed at 24.36 on Friday, May 10, 2019. It was the worst weekly loss since March 8, 2019. Weekly volume was -29% below average.

Long-term trend: [See GPS long-term trend chart]
A long-term uptrend had started on May 18, 2016 at 17.00 and reached 35.68 on January 23, 2018. GPS gained -18.68 points, or -109.88%, in 87 weeks. The chart has formed a Rising Channel chart pattern. The uptrend support line (28.50) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. GPS may retest the broken support line. It is considered to be a resistance line now. 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 support in a long-term trend.

Medium-term trend: [See GPS medium-term trend chart]
A medium-term downtrend had started on January 23, 2018 at 35.68 and reached 24.06 on May 10, 2019. GPS lost 11.62 points, or 32.57%, in 67 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 21.08 and resistance is at 30.66. 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 medium-term trend.

Weekly Technical Indicators: [See GPS weekly technical indicators chart]
Weekly Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold Williams' Percentage Range. 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 Williams' Percentage Range help.

The weekly MACD line is above its signal line since February 22, 2019. The distance between MACD and the signal line is low and getting smaller. Use the following link to access a MACD help.

Short-term trend: [See GPS short-term trend chart]
A short-term downtrend had started on April 29, 2019 at 26.86 and reached 24.06 on May 10, 2019. GPS lost 2.80 points, or 10.42%, in 11 days. The price is now at the 10.71% retracement level.

Daily Technical Indicators: [See GPS daily technical indicators chart]
Daily Lane's Stochastic is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Lane's Stochastic. Use the following link to access Lane's Stochastic help.

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

The price has closed on Friday below the lower Bollinger Band. It is considered a bearish signal. 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.

During the last week, the price 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) 72.50
Lane's Stochastic (%D-Slow) 17.52
Oversold
Greed/Fear Indicator (GFI) 28.14
Moving Average Converg./Diverg. (MACD) -0.09
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 47.83
Williams' Percentage Range (W%R) 89.50
Oversold
Lane's Stochastic (%D-Slow) 21.88
Greed/Fear Indicator (GFI) 26.94
Moving Average Converg./Diverg. (MACD) -0.64
Trading Signals
Description Value Chart
Yearly Trendline Support 28.50
Upper Bollinger Band 26.59
50 Day Moving Average 25.90
Parabolic System 25.70
20 Day Moving Average 25.67
Weekly Stochastic Crossing 24.70
Lower Bollinger Band 24.49
Daily Stochastic Crossing 24.37
Price 24.36
Quarterly Trendline Support 21.08
Sector and Industry
Description Name Rank
Sector Services 7
Industry Apparel Stores 17
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 26.86
High Date 04/29/2019
Low 24.06
Low Date 05/10/2019
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 27.00
High Date 04/05/2019
Low 24.06
Low Date 05/10/2019
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 31.39
High Date 03/01/2019
Low 24.06
Low Date 05/10/2019
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Valid
Resistance 30.66
Support 21.08
High 35.68
High Date 01/23/2018
Low 24.06
Low Date 05/10/2019
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Support
Resistance 40.10
Support 28.50
Low 17.00
Low Date 05/18/2016
High 35.68
High Date 01/23/2018
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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