The Greedy Trader Weekly Analysis
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Archive
- 6/7/2019
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Pulte Homes, Inc.
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Summary:
Weekly :Overbought sectorWilliams' Percentage Range and Lane's Stochastic are overboughtBroken trend resistance line
Daily :The price has risen above the Parabolic SARThe price is above the upper Bollinger BandThe Bollinger Bands are historically close together
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It was a first positive week for the Pulte Homes, Inc. (PHM). During the week, the PHM gained 1.75 points, or 5.65%, and closed at 32.75 on Friday, June 7, 2019. Weekly volume was -29% below average.

PHM is a member of Industrial Goods Sector. Industrial Goods is the second 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 PHM long-term trend chart]
A long-term downtrend had started on January 23, 2018 at 35.21 and reached 20.64 on October 23, 2018. PHM lost 14.57 points, or 41.38%, in 39 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The downtrend resistance line (13.88) 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 PHM medium-term trend chart]
A medium-term uptrend had started on October 23, 2018 at 20.64 and reached 32.83 on June 7, 2019. PHM gained -12.19 points, or -59.06%, in 32 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 29.72 and resistance is at 34.96. A Rising 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 Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern in a medium-term trend.

Weekly Technical Indicators: [See PHM weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range and 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 links to access Lane's Stochastic and Williams' Percentage Range help.

The weekly MACD line is above its signal line since November 23, 2018. This is an indication that the medium-term trend is up. Use the following link to access a MACD help.

Short-term trend: [See PHM short-term trend chart]
A short-term uptrend had started on May 31, 2019 at 30.67 and reached 32.83 on June 7, 2019. PHM gained -2.16 points, or -7.04%, in 7 days. Price is near the trend high.

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

The daily MACD line is below its signal line since May 6, 2019. The distance between MACD and the signal line is low and getting smaller.

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.

The price has closed on Friday above the upper Bollinger Band. It is considered a bullish signal. The distance between the Bollinger Bands (5.13%) is close to one year low (4.73%). It is 57.52% lower than one year average. It indicates the period of low volatility of the stock price, and it is considered a buy signal for the option traders. 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) 52.20
Williams' Percentage Range (W%R) 39.80
Lane's Stochastic (%D-Slow) 76.63
Greed/Fear Indicator (GFI) 63.00
Moving Average Converg./Diverg. (MACD) 0.35
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 76.24
Williams' Percentage Range (W%R) 11.10
Overbought
Lane's Stochastic (%D-Slow) 88.13
Overbought
Greed/Fear Indicator (GFI) 79.75
Moving Average Converg./Diverg. (MACD) 0.92
Trading Signals
Description Value Chart
Monthly Trendline Resistance 34.96
Price 32.75
Upper Bollinger Band 32.57
Daily Stochastic Crossing 32.44
Weekly Stochastic Crossing 32.33
20 Day Moving Average 31.86
Lower Bollinger Band 30.87
50 Day Moving Average 30.79
Parabolic System 30.73
Monthly Trendline Support 29.72
Quarterly Trendline Resistance 27.49
Sector and Industry
Description Name Rank
Sector Industrial Goods 8
Industry Residential Construction 140
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 30.67
Low Date 05/31/2019
High 32.83
High Date 06/07/2019
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 30.67
Low Date 05/31/2019
High 32.83
High Date 06/07/2019
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 34.96
Support 29.72
Low 20.64
Low Date 10/23/2018
High 32.83
High Date 06/07/2019
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Broken Resistance
Resistance 27.49
Support 13.88
High 35.21
High Date 01/23/2018
Low 20.64
Low Date 10/23/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 3.29
Low Date 10/04/2011
High 35.21
High Date 01/23/2018
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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