The Greedy Trader Weekly Analysis
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Intuit, Inc.
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Summary:
Weekly :Broken trend resistance lineBroken trend resistance line
Daily :Lane's Stochastic is strongly overboughtThe price has risen above the Parabolic SARPrice has crossed above the 50 Day Moving AverageThe price moved above the moving average in the center of the Bollinger Bands
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It was a third positive week after 3 consecutive negative weeks for the Intuit, Inc. (INTU). During the week, the INTU gained 10.15 points, or 5.18%, and closed at 206.15 on Friday, January 11, 2019. It was the best weekly gain since November 30, 2018. INTU was trading at average weekly trading volume.

Long-term trend: [See INTU long-term trend chart]
A long-term uptrend had started on February 28, 1997 at 3.48 and reached 231.84 on October 3, 2018. INTU gained -228.36 points, or -6562.07%, in 1126 weeks. The chart has formed a Symmetric Triangle chart pattern. The uptrend resistance line (49.50) 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 231.84 on October 3, 2018. INTU gained -211.66 points, or -1048.86%, in 513 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The uptrend resistance line (108.55) 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 below its signal line since September 21, 2018. The distance between MACD and the signal line is relatively high, but getting smaller. Use the following link to access a MACD help.

Short-term trend: [See INTU short-term trend chart]
A short-term downtrend had started on October 3, 2018 at 231.84 and reached 182.61 on December 24, 2018. INTU lost 49.23 points, or 21.23%, in 82 days. The chart has formed a Falling Channel chart pattern. The trend support level is at 180.82 and resistance is at 209.50. A Falling 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 Falling Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Falling Channel pattern in a short-term trend.

Daily Technical Indicators: [See INTU daily technical indicators chart]
Daily Lane's Stochastic is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought daily overbought 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 daily MACD line is above its signal line since January 3, 2019.

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 price has moved above 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.

During the last week, the price has advanced above the 50 Day Moving Average. Such crossover is considered a bullish 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) 62.96
Williams' Percentage Range (W%R) 20.10
Lane's Stochastic (%D-Slow) 93.10
Strong Overbought
Greed/Fear Indicator (GFI) 78.67
Moving Average Converg./Diverg. (MACD) -2.15
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 43.88
Williams' Percentage Range (W%R) 53.60
Lane's Stochastic (%D-Slow) 33.87
Greed/Fear Indicator (GFI) 43.23
Moving Average Converg./Diverg. (MACD) 3.01
Trading Signals
Description Value Chart
Upper Bollinger Band 212.87
Weekly Trendline Resistance 209.50
Price 206.15
Daily Stochastic Crossing 206.02
50 Day Moving Average 204.32
20 Day Moving Average 197.03
Weekly Stochastic Crossing 194.13
Parabolic System 192.35
Lower Bollinger Band 186.82
Weekly Trendline Support 180.82
Sector and Industry
Description Name Rank
Sector Technology 6
Industry Application Software 145
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 182.61
Low Date 12/24/2018
High 207.29
High Date 01/10/2019
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Falling Channel
Status Valid
Resistance 209.50
Support 180.82
High 231.84
High Date 10/03/2018
Low 182.61
Low Date 12/24/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 79.63
Low Date 08/25/2015
High 231.84
High Date 10/03/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Broken Resistance
Resistance 156.85
Support 108.55
Low 20.18
Low Date 12/01/2008
High 231.84
High Date 10/03/2018
Description Value
Direction Up
Chart Pattern Symmetric Triangle
Status Broken Resistance
Resistance 18.74
Support 49.50
Low 3.48
Low Date 02/28/1997
High 231.84
High Date 10/03/2018
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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