The Greedy Trader Weekly Analysis
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TJX Companies Inc.
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Summary:
Weekly :Broken uptrend resistance line - uptrend exhaustionRelative Strength Index, Williams' Percentage Range and Lane's Stochastic are strongly overboughtStochastic has declined below the signal lineRelative Strength Index and Lane's Stochastic bearish divergence
Daily :Relative Strength Index, Williams' Percentage Range and Lane's Stochastic are overboughtStochastic has declined below the signal lineA Parabolic SAR indicator is above and near the price20 Day Moving Average has crossed above the 50 Day Moving AverageThe period of high volatility of the stock price
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It was the negative week for the TJX Companies Inc. (TJX). During the week, the TJX gave back -0.04 points, or -0.04%, and closed at 109.93 on Friday, September 07, 2018. TJX was trading at average weekly trading volume.

Long-term trend: [See TJX long-term trend chart]
A long-term uptrend had started on November 14, 2017 at 66.44 and reached 111.91 on September 6, 2018. TJX gained -45.47 points, or -68.44%, in 42 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 98.04 and resistance is at 112.20. 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 long-term trend.

Medium-term trend: [See TJX medium-term trend chart]
A medium-term uptrend had started on June 26, 2018 at 93.62 and reached 111.91 on September 6, 2018. TJX gained -18.29 points, or -19.54%, in 10 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (99.29) is broken, while daily and weekly technical indicators are overbought. Uptrend is exhausted and trend reversal is possible soon. 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 TJX weekly technical indicators chart]
Weekly Relative Strength Index, Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought Relative Strength Index, Williams' Percentage Range and Lane's Stochastic. During the last week, weekly Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish signal. Weekly Relative Strength Index and Lane's Stochastic have bearish divergence. Use the following links to access the Relative Strength Index and Lane's Stochastic help, or use the Technical Stock Screener to see the list of stocks with weekly Relative Strength Index and Lane's Stochastic bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. 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, Relative Strength Index and Williams' Percentage Range help.

The weekly MACD line is above its signal line since November 24, 2017. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current medium-term uptrend is strong. Use the following link to access a MACD help.

Short-term trend: [See TJX short-term trend chart]
A short-term downtrend had started on September 6, 2018 at 111.91 and reached 109.80 on September 7, 2018. TJX lost 2.11 points, or 1.89%, in 1 days. The price is now at the 6.16% retracement level.

Daily Technical Indicators: [See TJX daily technical indicators chart]
Daily Relative Strength Index, Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Relative Strength Index, Williams' Percentage Range and Lane's Stochastic. During the last week, daily Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish signal.

The daily MACD line is above its signal line since August 6, 2018. The distance between MACD and the signal line is low and getting smaller.

A Parabolic SAR (stop and reversal) indicator (109.39) comes close to the price (109.93). It indicates that the trend is getting weaker. 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 distance between the Bollinger Bands is 108.64% higher then one year average. It indicates the period of high 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.

During the last week, the 20 Day Moving Average has advanced above the 50 Day Moving Average. Such crossover is considered a bullish 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 81.43
Overbought
Williams' Percentage Range (W%R) 11.00
Overbought
Lane's Stochastic (%D-Slow) 83.93
Overbought
Greed/Fear Indicator (GFI) 84.79
Overbought
Moving Average Converg./Diverg. (MACD) 3.04
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 94.44
Strong Overbought Bearish
Williams' Percentage Range (W%R) 4.90
Strong Overbought
Lane's Stochastic (%D-Slow) 91.03
Strong Overbought Bearish
Greed/Fear Indicator (GFI) 84.36
Overbought
Moving Average Converg./Diverg. (MACD) 5.31
Trading Signals
Description Value Chart
Upper Bollinger Band 114.80
Monthly Trendline Resistance 112.55
Yearly Trendline Resistance 112.20
Daily Stochastic Crossing 110.87
Weekly Stochastic Crossing 110.27
Price 109.93
Parabolic System 109.39
20 Day Moving Average 105.72
Monthly Trendline Support 103.14
Quarterly Trendline Resistance 101.86
50 Day Moving Average 100.25
Quarterly Trendline Support 99.29
Yearly Trendline Support 98.04
Lower Bollinger Band 97.59
Sector and Industry
Description Name Rank
Sector Services 7
Industry Discount Variety Stores 119
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 111.91
High Date 09/06/2018
Low 109.80
Low Date 09/07/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 111.91
High Date 09/06/2018
Low 109.80
Low Date 09/07/2018
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 112.55
Support 103.14
Low 95.92
Low Date 08/02/2018
High 111.91
High Date 09/06/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 101.86
Support 99.29
Low 93.62
Low Date 06/26/2018
High 111.91
High Date 09/06/2018
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 112.20
Support 98.04
Low 66.44
Low Date 11/14/2017
High 111.91
High Date 09/06/2018
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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