The Greedy Trader Weekly Analysis
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Archive
- 10/5/2018
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Newfield Exploration Co
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Summary:
Weekly :Broken trend resistance lineBroken trend resistance line
Daily :Daily  MACD line has moved below its signal lineThe price has fallen below the Parabolic SARThe price has declined below the moving average in the center of the Bollinger Bands
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It was the negative week for the Newfield Exploration Co (NFX). During the week, the NFX dropped -0.51 points, or -1.77%, and closed at 28.32 on Friday, October 05, 2018. Weekly volume was -13% below average.

Long-term trend: [See NFX long-term trend chart]
A long-term downtrend had started on December 12, 2016 at 50.00 and reached 22.72 on March 7, 2018. NFX lost 27.28 points, or 54.56%, in 64 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (20.88) is broken. A broken support is considered to be a long-term bullish signal. 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 NFX medium-term trend chart]
A medium-term downtrend had started on July 10, 2018 at 31.46 and reached 25.26 on August 15, 2018. NFX lost 6.20 points, or 19.71%, in 5 weeks. The chart has formed a Falling Pennant chart pattern. The downtrend resistance line (26.81) is broken. A broken support is considered to be a long-term bullish signal. 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 NFX weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is above its signal line since September 21, 2018. The distance between MACD and the signal line is low, but getting bigger. Use the following link to access a MACD help.

Short-term trend: [See NFX short-term trend chart]
A short-term uptrend had started on August 15, 2018 at 25.26 and reached 30.14 on September 24, 2018. NFX gained -4.88 points, or -19.32%, in 40 days. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 26.81 and resistance is at 30.98. 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 NFX daily technical indicators chart]
Daily technical indicators are neutral.

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

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

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 57.47
Williams' Percentage Range (W%R) 42.20
Lane's Stochastic (%D-Slow) 30.66
Greed/Fear Indicator (GFI) 48.65
Moving Average Converg./Diverg. (MACD) 0.36
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 41.22
Williams' Percentage Range (W%R) 47.90
Lane's Stochastic (%D-Slow) 55.49
Greed/Fear Indicator (GFI) 51.67
Moving Average Converg./Diverg. (MACD) -0.16
Trading Signals
Description Value Chart
Weekly Trendline Resistance 30.98
Upper Bollinger Band 30.43
Parabolic System 29.97
Daily Stochastic Crossing 28.42
Price 28.32
Weekly Stochastic Crossing 28.30
20 Day Moving Average 28.24
50 Day Moving Average 27.75
Weekly Trendline Support 26.81
Monthly Trendline Support 26.81
Lower Bollinger Band 26.34
Monthly Trendline Resistance 25.49
Yearly Trendline Resistance 24.95
Sector and Industry
Description Name Rank
Sector Basic Materials 4
Industry Independent Oil & Gas 71
Daily Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Low 25.95
Low Date 09/07/2018
High 30.14
High Date 09/24/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 30.98
Support 26.81
Low 25.26
Low Date 08/15/2018
High 30.14
High Date 09/24/2018
Description Value
Direction Down
Chart Pattern Falling Pennant
Status Broken Resistance
Resistance 25.49
Support 26.81
High 31.46
High Date 07/10/2018
Low 25.26
Low Date 08/15/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 22.72
Low Date 03/07/2018
High 31.46
High Date 07/10/2018
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Broken Resistance
Resistance 24.95
Support 20.88
High 50.00
High Date 12/12/2016
Low 22.72
Low Date 03/07/2018
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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