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- 6/26/2020 -
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Pulte Homes, Inc. (PHM)

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Summary:
Weekly :Broken trend support lineLane's Stochastic is overboughtBroken trend support line
Daily :The price has fallen below the Parabolic SARWilliams' Percentage Range is oversoldThe 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 Pulte Homes, Inc. (PHM). During the week, the PHM dropped -2.74 points, or -7.90%, and closed at 31.93 on Friday, June 26, 2020. Weekly volume was -19% below average.

Long-term trend: [See PHM long-term trend chart]
A long-term downtrend had started on February 19, 2020 at 47.37 and reached 17.12 on March 23, 2020. PHM lost 30.25 points, or 63.86%, in 4 weeks. The chart has formed a Rising Channel chart pattern. The downtrend support line (34.73) is broken. Usually a broken support is considered to be a long-term bearish 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 support in a long-term trend.

Medium-term trend: [See PHM medium-term trend chart]
A medium-term uptrend had started on March 23, 2020 at 17.12 and reached 38.77 on June 8, 2020. PHM gained -21.65 points, or -126.46%, in 11 weeks. The chart has formed a Rising Channel chart pattern. The uptrend support line (32.99) 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. PHM 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 PHM weekly technical indicators chart]
Weekly Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly 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 weekly MACD line is above its signal line since May 22, 2020. 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 PHM short-term trend chart]
A short-term downtrend had started on June 8, 2020 at 38.77 and reached 31.84 on June 26, 2020. PHM lost 6.93 points, or 17.87%, in 18 days. Price is near the trend low.

Daily Technical Indicators: [See PHM daily technical indicators chart]
Daily Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with daily strongly oversold Williams' Percentage Range. Use the following link to access Williams' Percentage Range help.

The daily MACD line is below its signal line since June 10, 2020. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current short-term downtrend is getting stronger.

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) 32.88
Williams' Percentage Range (W%R) 92.80
Strong Oversold
Lane's Stochastic (%D-Slow) 29.15
Greed/Fear Indicator (GFI) 23.08
Moving Average Converg./Diverg. (MACD) 1.06
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 65.03
Williams' Percentage Range (W%R) 49.70
Lane's Stochastic (%D-Slow) 81.72
Overbought
Greed/Fear Indicator (GFI) 63.65
Moving Average Converg./Diverg. (MACD) -1.61
Trading Signals
Description Value Chart
Parabolic System 37.00
Upper Bollinger Band 36.78
Weekly Stochastic Crossing 36.12
20 Day Moving Average 34.99
Monthly Trendline Support 34.73
Daily Stochastic Crossing 33.10
Weekly Trendline Support 32.99
Price 31.93
50 Day Moving Average 31.39
Lower Bollinger Band 31.32
Sector and Industry
Description Name Rank
Sector Consumer Discretionary 7
Industry Homebuilding 98
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 38.77
High Date 06/08/2020
Low 31.84
Low Date 06/26/2020
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Support
Resistance 39.52
Support 32.99
Low 17.12
Low Date 03/23/2020
High 38.77
High Date 06/08/2020
Description Value
Direction Down
Chart Pattern Rising Channel
Status Broken Support
Resistance 41.60
Support 34.73
High 47.37
High Date 02/19/2020
Low 17.12
Low Date 03/23/2020
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 20.64
Low Date 10/23/2018
High 47.37
High Date 02/19/2020
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 3.29
Low Date 10/04/2011
High 47.37
High Date 02/19/2020
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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