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Archive
- 8/9/2019 -
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Pulte Homes, Inc. (PHM)

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Summary:
Weekly :Overbought sectorBroken trend support lineWilliams' Percentage Range is overboughtBroken trend resistance line
Daily :20 Day Moving Average has crossed below the 50 Day Moving AverageBearish Harami CandlestickDaily  MACD line has moved above its signal lineThe price has risen above the Parabolic SARPrice is near the Fibonacci 23.6% retracement levelThe price moved above the moving average in the center of the Bollinger Bands
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It was a first positive week after 3 consecutive negative weeks for the Pulte Homes, Inc. (PHM). During the week, the PHM gained 0.73 points, or 2.33%, and closed at 32.07 on Friday, August 9, 2019. Weekly volume was -32% below average.

PHM is a member of Industrial Goods Sector. Industrial Goods 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 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 (11.96) 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 34.03 on July 22, 2019. PHM gained -13.39 points, or -64.87%, in 38 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend support line (33.31) 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 PHM weekly technical indicators chart]
Weekly Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly 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 below its signal line since July 26, 2019. 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 PHM short-term trend chart]
A short-term uptrend had started on July 24, 2019 at 30.26 and reached 32.58 on August 8, 2019. PHM gained -2.32 points, or -7.67%, in 15 days. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.

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

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

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.

During the last week, the price has moved above 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.

During the last week, the 20 Day Moving Average has crossed below the 50 Day Moving Average. Such crossover is considered a bearish signal. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.

Candlestick pattern: [See PHM candlestick chart pattern]
On Friday the chart has formed a Bearish Harami Candlestick pattern. A Bearish Harami pattern occurs in an uptrend. It shows the bulls’ upward drive has weakened and now a trend reversal is possible. The reliability of the Bearish Harami pattern is low. Use the Technical Stock Screener to see the list of stocks that had a Bearish Harami Candlestick pattern during the last week.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 42.03
Williams' Percentage Range (W%R) 45.60
Lane's Stochastic (%D-Slow) 57.86
Greed/Fear Indicator (GFI) 51.43
Moving Average Converg./Diverg. (MACD) -0.16
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 51.36
Williams' Percentage Range (W%R) 19.60
Overbought
Lane's Stochastic (%D-Slow) 54.89
Greed/Fear Indicator (GFI) 61.86
Moving Average Converg./Diverg. (MACD) 1.26
Trading Signals
Description Value Chart
Monthly Trendline Resistance 34.63
Upper Bollinger Band 33.83
Monthly Trendline Support 33.31
50 Day Moving Average 32.18
Weekly Stochastic Crossing 32.13
20 Day Moving Average 32.12
Price 32.07
Daily Stochastic Crossing 31.85
Parabolic System 30.28
Lower Bollinger Band 30.07
Quarterly Trendline Resistance 26.51
Sector and Industry
Description Name Rank
Sector Industrial Goods 10
Industry Residential Construction 107
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 30.26
Low Date 07/24/2019
High 32.58
High Date 08/08/2019
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 34.03
High Date 07/22/2019
Low 30.26
Low Date 07/24/2019
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Support
Resistance 34.63
Support 33.31
Low 20.64
Low Date 10/23/2018
High 34.03
High Date 07/22/2019
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Broken Resistance
Resistance 26.51
Support 11.96
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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