The Greedy Trader Weekly Analysis
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Downtrend exhaustion - Stock Market Timing Signals and trading strategies.
Downtrend exhaustion stock alert presents a stock market trading strategy based on combination of timing signals, technical indicators, trend analysis and pattern recognition. Stock market alert is a warning signal. It indicates that long term downtrend is exhausted and probability of long term trend reversal is high. Downtrend exhaustion stock market alert presents relatively low to medium risk - high reword stock pick for undervalued stocks. The strategy is based on taking long position on anticipation of downtrend reversal. Downtrend exhaustion timing strategy and stock trading system presents alerts for S&P 500 index members, ETFs and market indices. As S&P 500 trading system it shows excellent results for index timing also.
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Dominion Resources
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Summary:
Weekly :Overbought sectorWilliams' Percentage Range is strongly overboughtLane's Stochastic and MACD bearish divergenceBroken trend resistance line
Daily :Williams' Percentage Range is overboughtLane's Stochastic is strongly overboughtRelative Strength Index, Lane's Stochastic and MACD bearish divergence
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It was a second consecutive positive week for the Dominion Resources (D). During the week, the D gained 1.31 points, or 1.73%, and closed at 77.04 on Friday, March 15, 2019. Weekly volume was 45% above average.

D is a member of Utilities Sector. Utilities 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 D long-term trend chart]
A long-term downtrend had started on December 18, 2017 at 85.30 and reached 61.53 on June 6, 2018. D lost 23.77 points, or 27.87%, in 24 weeks. The chart has formed a Symmetric Triangle chart pattern. The downtrend resistance line (68.99) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. D may retest the broken resistance line. It is considered to be a support 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 resistance line in a long-term trend.

Medium-term trend: [See D medium-term trend chart]
A medium-term uptrend had started on January 15, 2019 at 67.41 and reached 77.22 on March 15, 2019. D gained -9.81 points, or -14.55%, in 8 weeks. Price is near the trend high.

Weekly Technical Indicators: [See D weekly technical indicators chart]
Weekly Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought Williams' Percentage Range. Weekly Lane's Stochastic and MACD have bearish divergence. Use the following links to access the Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with weekly Lane's Stochastic and 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 February 22, 2019. This is an indication that the medium-term trend is up. Use the following link to access a MACD help.

Short-term trend: [See D short-term trend chart]
A short-term uptrend had started on February 28, 2019 at 73.30 and reached 77.22 on March 15, 2019. D gained -3.92 points, or -5.35%, in 15 days. Price is near the trend high.

Daily Technical Indicators: [See D daily technical indicators chart]
Daily Williams' Percentage Range is overbought while Lane's Stochastic is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range or strongly overbought daily Lane's Stochastic. Daily Relative Strength Index, Lane's Stochastic and MACD have bearish divergence. Use the following links to access the Relative Strength Index, Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with daily Relative Strength Index, Lane's Stochastic and MACD bearish divergence. Use the following link to access Relative Strength Index help.

The daily MACD line is above its signal line since January 29, 2019. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term uptrend is getting weak.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 66.84
Bearish
Williams' Percentage Range (W%R) 18.50
Overbought
Lane's Stochastic (%D-Slow) 91.88
Strong Overbought Bearish
Greed/Fear Indicator (GFI) 80.07
Overbought
Moving Average Converg./Diverg. (MACD) 1.07 Bearish
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 53.92
Williams' Percentage Range (W%R) 7.90
Strong Overbought
Lane's Stochastic (%D-Slow) 79.63
Bearish
Greed/Fear Indicator (GFI) 75.36
Moving Average Converg./Diverg. (MACD) 0.46 Bearish
Trading Signals
Description Value Chart
Upper Bollinger Band 77.31
Daily Stochastic Crossing 77.04
Price 77.04
Weekly Stochastic Crossing 75.77
Parabolic System 75.55
Yearly Trendline Resistance 75.20
20 Day Moving Average 75.15
Lower Bollinger Band 72.86
50 Day Moving Average 72.49
Yearly Trendline Support 68.99
Sector and Industry
Description Name Rank
Sector Utilities 9
Industry Electric Utilities 141
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 73.30
Low Date 02/28/2019
High 77.22
High Date 03/15/2019
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 73.30
Low Date 02/28/2019
High 77.22
High Date 03/15/2019
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 67.41
Low Date 01/15/2019
High 77.22
High Date 03/15/2019
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 61.53
Low Date 06/06/2018
High 77.22
High Date 03/15/2019
Description Value
Direction Down
Chart Pattern Symmetric Triangle
Status Broken Resistance
Resistance 75.20
Support 68.99
High 85.30
High Date 12/18/2017
Low 61.53
Low Date 06/06/2018
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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