The Greedy Trader Weekly Analysis
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Archive
- 8/10/2018
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Newfield Exploration Co
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Summary:
Weekly :Broken trend support lineOversold sectorBroken trend resistance line
Daily :The period of low volatility of the stock price
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It was a first positive week after 6 consecutive negative weeks for the Newfield Exploration Co (NFX). During the week, the NFX gained 0.38 points, or 1.38%, and closed at 27.88 on Friday, August 10, 2018. It was the best weekly gain since June 22, 2018. Weekly volume was -32% below average.

NFX is a member of Basic Materials Sector. Basic Materials is the second most oversold 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 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 (21.37) 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 uptrend had started on March 7, 2018 at 22.72 and reached 31.46 on July 10, 2018. NFX gained -8.74 points, or -38.47%, in 17 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend support line (32.18) is broken. A broken support is considered to be a long-term bearish 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 support 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 April 20, 2018. 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 NFX short-term trend chart]
A short-term downtrend had started on August 7, 2018 at 29.16 and reached 27.29 on August 10, 2018. NFX lost 1.87 points, or 6.41%, in 3 days. The price is now at the 31.55% retracement level.

Daily Technical Indicators: [See NFX daily technical indicators chart]
Daily technical indicators are neutral.

The daily MACD line is below its signal line since July 10, 2018. 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.

The distance between the Bollinger Bands is falling, and it was 7.17% on Friday. It is 56.43% lower than one year average. It indicates the period of low volatility of the stock price. 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) 47.27
Williams' Percentage Range (W%R) 78.90
Lane's Stochastic (%D-Slow) 49.81
Greed/Fear Indicator (GFI) 39.39
Moving Average Converg./Diverg. (MACD) -0.36
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 52.05
Williams' Percentage Range (W%R) 47.60
Lane's Stochastic (%D-Slow) 36.48
Greed/Fear Indicator (GFI) 45.71
Moving Average Converg./Diverg. (MACD) 0.06
Trading Signals
Description Value Chart
Monthly Trendline Support 32.18
Monthly Trendline Resistance 31.96
Upper Bollinger Band 29.42
50 Day Moving Average 29.12
Parabolic System 29.08
20 Day Moving Average 28.32
Weekly Stochastic Crossing 28.09
Daily Stochastic Crossing 27.94
Price 27.88
Lower Bollinger Band 27.41
Yearly Trendline Resistance 27.09
Sector and Industry
Description Name Rank
Sector Basic Materials 2
Industry Independent Oil & Gas 61
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 29.16
High Date 08/07/2018
Low 27.29
Low Date 08/10/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 31.46
High Date 07/10/2018
Low 26.82
Low Date 08/01/2018
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Support
Resistance 31.96
Support 32.18
Low 22.72
Low Date 03/07/2018
High 31.46
High Date 07/10/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 35.20
High Date 01/09/2018
Low 22.72
Low Date 03/07/2018
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Broken Resistance
Resistance 27.09
Support 21.37
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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