The Greedy Trader Weekly Analysis
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Quarterly Pattern:Falling Channel
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Channeling Stock - rising channel and falling channel.

Stock channeling technique is one of the most efficient and widely used trading technique. Price channel represents price movement bound by parallel lower (support) and upper (resistance) trend lines. Channels with rising trend lines (rising channel) are considered bullish and the falling channel is considered as bearish . Channels are continuation formations as far as support and resistance are not broken.
Trading technique:
# 1
Buy channeling stock on support and sell on resistance.
# 2 For bullish channel: sell channeling stock when price breakes the stock channeling support line. For bearish channel: buy channeling stock when price breaks the resistance line.
Tips:
# 1 For the best results, stock channeling should be considered together with other technical analysis signals and technical trading techniques.
Estimated Target: the main trend support/resistance line.

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- 4/26/2024 -
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Mosaic Co (MOS) Technical Analysis

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Summary:
Weekly :Overbought sectorWilliams' Percentage Range is oversoldBroken trend support line
Daily :Williams' Percentage Range is oversoldStochastic signal line moved above oversold areaLane's Stochastic and MACD bullish divergence
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It was the negative week for the Mosaic Co (MOS). During the week, the MOS dropped -0.75 points, or -2.42%, and closed at 30.25 on Friday, April 26, 2024. Weekly volume was -14% below average.

MOS is a member of Materials Sector. Materials is the 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 MOS long-term trend chart]
A long-term downtrend had started on August 10, 2023 at 42.81 and reached 29.25 on February 14, 2024. MOS lost 13.56 points, or 31.67%, in 26 weeks. The chart has formed a Falling Wedge chart pattern. The trend support level is at 27.47 and resistance is at 33.94. A Falling Wedge is a triangle formation with a noticeable slant to the downside. It represents the loss of a downside momentum on each successive low and has a bullish bias. The Falling wedge usually marks a reversal in a downtrend. In an uptrend a falling wedge is considered to be a continuation pattern. Use the following link to access a Falling Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Falling Wedge pattern in a long-term trend.

Medium-term trend: [See MOS medium-term trend chart]
A medium-term uptrend had started on February 14, 2024 at 29.25 and reached 33.44 on April 8, 2024. MOS gained -4.19 points, or -14.32%, in 7 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The uptrend support line (31.36) 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. MOS 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 medium-term trend.

Weekly Technical Indicators: [See MOS weekly technical indicators chart]
Weekly Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with weekly 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 weekly MACD line is above its signal line since March 15, 2024. 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 MOS short-term trend chart]
A short-term downtrend had started on April 8, 2024 at 33.44 and reached 29.52 on April 25, 2024. MOS lost 3.92 points, or 11.72%, in 17 days. The price is now at the 18.62% retracement level.

Daily Technical Indicators: [See MOS daily technical indicators chart]
Daily Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range. During the last week, daily Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish signal. Daily Lane's Stochastic and MACD have bullish divergence. Use the following links to access the Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with daily Lane's Stochastic and MACD bullish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. Use the following link to access Lane's Stochastic help.

The daily MACD line is below its signal line since April 11, 2024. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term downtrend is getting weak.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 28.57
Williams' Percentage Range (W%R) 84.90
Oversold
Lane's Stochastic (%D-Slow) 25.00
Bullish
Greed/Fear Indicator (GFI) 22.87
Moving Average Converg./Diverg. (MACD) -0.27 Bullish
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 40.83
Williams' Percentage Range (W%R) 90.50
Strong Oversold
Lane's Stochastic (%D-Slow) 55.65
Greed/Fear Indicator (GFI) 38.06
Moving Average Converg./Diverg. (MACD) -1.55
Trading Signals
Description Value Chart
Monthly Trendline Resistance 34.28
Quarterly Trendline Resistance 33.94
Upper Bollinger Band 33.23
Weekly Stochastic Crossing 31.62
20 Day Moving Average 31.49
50 Day Moving Average 31.47
Monthly Trendline Support 31.36
Parabolic System 30.87
Price 30.25
Daily Stochastic Crossing 29.94
Lower Bollinger Band 29.00
Quarterly Trendline Support 27.47
Sector and Industry
Description Name Rank
Sector Materials 9
Industry Specialty Chemicals 64
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 31.08
High Date 04/19/2024
Low 29.52
Low Date 04/25/2024
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 33.44
High Date 04/08/2024
Low 29.52
Low Date 04/25/2024
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Broken Support
Resistance 34.28
Support 31.36
Low 29.25
Low Date 02/14/2024
High 33.44
High Date 04/08/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Valid
Resistance 33.94
Support 27.47
High 42.81
High Date 08/10/2023
Low 29.25
Low Date 02/14/2024
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 79.28
High Date 04/18/2022
Low 29.25
Low Date 02/14/2024
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.