The Greedy Trader Weekly Analysis
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DIAMONDS Trust, Series 1 (DIA)

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Summary:
Weekly :Broken uptrend resistance line - uptrend exhaustionBroken uptrend resistance line - uptrend exhaustionWilliams' Percentage Range and Lane's Stochastic are strongly overboughtMACD bearish divergence
Daily :Williams' Percentage Range is strongly overboughtStochastic signal line moved below overbought areaDaily  MACD line has moved above its signal lineThe price is above the upper Bollinger BandThe period of low volatility of the stock price
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It was a fourth consecutive positive week for the DIAMONDS Trust, Series 1 (DIA). During the week, the DIA gained 5.25 points, or 1.72%, and closed at 311.04 on Friday, January 8, 2021. It was the best weekly gain since November 27, 2020. DIA was trading at average weekly trading volume.

Long-term trend: [See DIA long-term trend chart]
A long-term uptrend had started on March 23, 2020 at 182.10 and reached 311.83 on January 7, 2021. DIA gained -129.73 points, or -71.24%, in 41 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (272.63) 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 long-term trend.

Medium-term trend: [See DIA medium-term trend chart]
A medium-term uptrend had started on October 30, 2020 at 261.42 and reached 311.83 on January 7, 2021. DIA gained -50.41 points, or -19.28%, in 9 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (300.47) 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 DIA weekly technical indicators chart]
Weekly 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 Williams' Percentage Range and Lane's Stochastic. Weekly MACD has bearish divergence. Use the following links to access the MACD help, or use the Technical Stock Screener to see the list of stocks with weekly MACD 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 and Williams' Percentage Range help.

The weekly MACD line is above its signal line since November 6, 2020. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term uptrend is getting stronger. Use the following link to access a MACD help.

Short-term trend: [See DIA short-term trend chart]
A short-term uptrend had started on January 5, 2021 at 301.38 and reached 311.83 on January 7, 2021. DIA gained -10.45 points, or -3.47%, in 2 days. The price is now at the 7.56% retracement level.

Daily Technical Indicators: [See DIA daily technical indicators chart]
Daily Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought daily overbought Williams' Percentage Range. During the last week, daily Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish signal.

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

The price has closed on Friday above the upper Bollinger Band. It is considered a bullish signal. The distance between the Bollinger Bands is falling, and it was 4.03% on Friday. It is 65.18% lower than one year average. It indicates the period of low 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 66.79
Williams' Percentage Range (W%R) 4.00
Strong Overbought
Lane's Stochastic (%D-Slow) 76.81
Greed/Fear Indicator (GFI) 79.85
Moving Average Converg./Diverg. (MACD) 2.78
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 70.21
Williams' Percentage Range (W%R) 1.10
Strong Overbought
Lane's Stochastic (%D-Slow) 95.51
Strong Overbought
Greed/Fear Indicator (GFI) 84.45
Overbought
Moving Average Converg./Diverg. (MACD) 8.45 Bearish
Trading Signals
Description Value Chart
Price 311.04
Weekly Stochastic Crossing 310.73
Upper Bollinger Band 309.91
Daily Stochastic Crossing 309.56
Weekly Trendline Resistance 307.56
20 Day Moving Average 303.48
Parabolic System 302.28
Monthly Trendline Resistance 301.90
Weekly Trendline Support 300.47
Lower Bollinger Band 297.39
50 Day Moving Average 295.98
Monthly Trendline Support 272.63
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 301.38
Low Date 01/05/2021
High 311.83
High Date 01/07/2021
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 307.56
Support 300.47
Low 261.42
Low Date 10/30/2020
High 311.83
High Date 01/07/2021
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 301.90
Support 272.63
Low 182.10
Low Date 03/23/2020
High 311.83
High Date 01/07/2021
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 150.57
Low Date 08/24/2015
High 311.83
High Date 01/07/2021
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 64.78
Low Date 03/06/2009
High 311.83
High Date 01/07/2021
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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