The Greedy Trader Weekly Analysis
Sign In Apr 20, 2018
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TJX Companies Inc.
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Summary:
Weekly :Broken trend support lineWilliams' Percentage Range is overboughtBroken trend resistance line
Daily :Daily  MACD line has moved below its signal lineThe price has fallen below the Parabolic SARThe 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 TJX Companies Inc. (TJX). During the week, the TJX dropped -2.18 points, or -2.61%, and closed at 81.26 on Friday, April 13, 2018. It was the worst weekly loss since February 9, 2018. Weekly volume was 8% above average.

Long-term trend: [See TJX long-term trend chart]
A long-term downtrend had started on August 15, 2016 at 83.64 and reached 66.44 on November 14, 2017. TJX lost 17.20 points, or 20.56%, in 65 weeks. The chart has formed a Falling Channel chart pattern. The downtrend resistance line (65.49) 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 TJX medium-term trend chart]
A medium-term uptrend had started on April 2, 2018 at 79.72 and reached 85.21 on April 5, 2018. TJX gained -5.49 points, or -6.89%, in 0 weeks. The chart has formed a Symmetric Triangle chart pattern. The uptrend support line (84.80) 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 TJX 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 above its signal line since November 24, 2017. This is an indication that the medium-term trend is up. 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 April 5, 2018 at 85.21 and reached 80.93 on April 13, 2018. TJX lost 4.28 points, or 5.02%, in 8 days. The price is now at the 7.71% retracement level.

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

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

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) 55.31
Williams' Percentage Range (W%R) 43.20
Lane's Stochastic (%D-Slow) 41.66
Greed/Fear Indicator (GFI) 51.27
Moving Average Converg./Diverg. (MACD) 0.62
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 57.98
Williams' Percentage Range (W%R) 14.90
Overbought
Lane's Stochastic (%D-Slow) 75.54
Greed/Fear Indicator (GFI) 71.76
Moving Average Converg./Diverg. (MACD) 1.87
Trading Signals
Description Value Chart
Parabolic System 85.30
Monthly Trendline Support 84.80
Upper Bollinger Band 84.42
Weekly Stochastic Crossing 82.86
Daily Stochastic Crossing 82.60
Monthly Trendline Resistance 81.93
20 Day Moving Average 81.91
Price 81.26
50 Day Moving Average 80.30
Lower Bollinger Band 79.49
Yearly Trendline Resistance 76.42
Yearly Trendline Support 65.49
Sector and Industry
Description Name Rank
Sector Services 5
Industry Discount Variety Stores 95
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 83.57
High Date 04/10/2018
Low 80.93
Low Date 04/13/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 85.21
High Date 04/05/2018
Low 80.93
Low Date 04/13/2018
Description Value
Direction Up
Chart Pattern Symmetric Triangle
Status Broken Support
Resistance 81.93
Support 84.80
Low 79.72
Low Date 04/02/2018
High 85.21
High Date 04/05/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 66.44
Low Date 11/14/2017
High 85.21
High Date 04/05/2018
Description Value
Direction Down
Chart Pattern Falling Channel
Status Broken Resistance
Resistance 76.42
Support 65.49
High 83.64
High Date 08/15/2016
Low 66.44
Low Date 11/14/2017
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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