The Greedy Trader Weekly Analysis
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Number of records: 8
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Intuit, Inc.
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Summary:
Weekly :Broken trend resistance lineBroken trend resistance line
Daily :20 Day Moving Average has crossed below the 50 Day Moving AverageWilliams' Percentage Range is oversoldBroken trend support line
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It was the negative week for the Intuit, Inc. (INTU). During the week, the INTU dropped -4.23 points, or -1.70%, and closed at 244.63 on Friday, May 10, 2019. Weekly volume was -7% below average.

Long-term trend: [See INTU long-term trend chart]
A long-term uptrend had started on February 28, 1997 at 3.48 and reached 272.14 on April 3, 2019. INTU gained -268.66 points, or -7720.11%, in 1152 weeks. The chart has formed a Symmetric Triangle chart pattern. The uptrend resistance line (50.19) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. 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 INTU medium-term trend chart]
A medium-term uptrend had started on December 1, 2008 at 20.18 and reached 272.14 on April 3, 2019. INTU gained -251.96 points, or -1248.56%, in 539 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The uptrend resistance line (111.46) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. 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 INTU weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is above its signal line since February 1, 2019. 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 INTU short-term trend chart]
A short-term uptrend had started on December 24, 2018 at 182.61 and reached 272.14 on April 3, 2019. INTU gained -89.53 points, or -49.03%, in 100 days. The chart has formed a Rising Wedge chart pattern. The uptrend support line (288.64) 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. INTU 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 short-term trend.

Daily Technical Indicators: [See INTU daily technical indicators chart]
Daily Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with daily strongly 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 daily MACD line is below its signal line since April 3, 2019.

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) 32.51
Williams' Percentage Range (W%R) 90.20
Strong Oversold
Lane's Stochastic (%D-Slow) 31.98
Greed/Fear Indicator (GFI) 24.75
Moving Average Converg./Diverg. (MACD) -1.99
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 67.68
Williams' Percentage Range (W%R) 35.30
Lane's Stochastic (%D-Slow) 53.67
Greed/Fear Indicator (GFI) 57.84
Moving Average Converg./Diverg. (MACD) 12.33
Trading Signals
Description Value Chart
Weekly Trendline Support 288.64
Weekly Trendline Resistance 272.92
Upper Bollinger Band 266.43
50 Day Moving Average 255.02
Weekly Stochastic Crossing 254.08
20 Day Moving Average 253.10
Parabolic System 248.95
Price 244.63
Daily Stochastic Crossing 242.34
Lower Bollinger Band 235.36
Sector and Industry
Description Name Rank
Sector Technology 4
Industry Application Software 127
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 272.14
High Date 04/03/2019
Low 237.66
Low Date 05/10/2019
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Support
Resistance 272.92
Support 288.64
Low 182.61
Low Date 12/24/2018
High 272.14
High Date 04/03/2019
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 79.63
Low Date 08/25/2015
High 272.14
High Date 04/03/2019
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Broken Resistance
Resistance 161.13
Support 111.46
Low 20.18
Low Date 12/01/2008
High 272.14
High Date 04/03/2019
Description Value
Direction Up
Chart Pattern Symmetric Triangle
Status Broken Resistance
Resistance 18.38
Support 50.19
Low 3.48
Low Date 02/28/1997
High 272.14
High Date 04/03/2019
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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