The Greedy Trader Weekly Analysis
Sign In Jan 19, 2018
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Downtrend exhaustion - Stock Market Timing Signals and trading strategies.
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General Electric
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Summary:
Weekly :Broken trend support lineLane's Stochastic is oversold
Daily :Williams' Percentage Range is overboughtPrice has crossed above the 50 Day Moving AverageBearish Two Crows Candlestick
Move cursor over the icon to see details.

It was a second consecutive positive week for the General Electric (GE). During the week, the GE gained 0.22 points, or 1.19%, and closed at 18.76 on Friday, January 12, 2018. Weekly volume was 81% above average.

Long-term trend: [See GE long-term trend chart]
A long-term downtrend had started on July 20, 2016 at 33.00 and reached 17.25 on December 28, 2017. GE lost 15.75 points, or 47.73%, in 75 weeks. The price is now at the 9.59% retracement level.

Medium-term trend: [See GE medium-term trend chart]
A medium-term downtrend had started on December 20, 2016 at 32.38 and reached 17.25 on December 28, 2017. GE lost 15.13 points, or 46.73%, in 53 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The downtrend support line (20.18) is broken. Usually a broken support is considered to be a long-term bearish signal, although a short-term pull back is possible. 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 GE weekly technical indicators chart]
Weekly Lane's Stochastic is oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold Lane's Stochastic. 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 Lane's Stochastic help.

The weekly MACD line is below its signal line since January 27, 2017. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term downtrend is getting weak. Use the following link to access a MACD help.

Short-term trend: [See GE short-term trend chart]
A short-term uptrend had started on January 8, 2018 at 18.10 and reached 19.39 on January 11, 2018. GE gained -1.29 points, or -7.13%, in 3 days. The price is now at the 48.84% retracement level.

Daily Technical Indicators: [See GE daily technical indicators chart]
Daily Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range. Use the following link to access Williams' Percentage Range help.

The daily MACD line is above its signal line since November 24, 2017. This is an indication that the short-term trend is up.

During the last week, the price has advanced above the 50 Day Moving Average. While the medium-term trend is down and daily technical indicators are overbought, the 50 Day Moving Average is considered a resistance level. 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 GE candlestick chart pattern]
On Friday the chart has formed a Bearish Two Crows Candlestick pattern. The reliability of the Bearish Two Crows pattern is medium. Use the Technical Stock Screener to see the list of stocks that had a Bearish Two Crows Candlestick pattern during the last week.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 74.71
Williams' Percentage Range (W%R) 12.60
Overbought
Lane's Stochastic (%D-Slow) 77.19
Greed/Fear Indicator (GFI) 79.76
Moving Average Converg./Diverg. (MACD) -0.08
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 24.10
Williams' Percentage Range (W%R) 76.80
Lane's Stochastic (%D-Slow) 15.09
Oversold
Greed/Fear Indicator (GFI) 24.39
Moving Average Converg./Diverg. (MACD) -2.27
Trading Signals
Description Value Chart
Quarterly Trendline Support 20.18
Upper Bollinger Band 19.36
Daily Stochastic Crossing 19.13
Price 18.76
50 Day Moving Average 18.35
Parabolic System 18.29
20 Day Moving Average 17.98
Weekly Stochastic Crossing 17.63
Lower Bollinger Band 17.15
Sector and Industry
Description Name Rank
Sector Conglomerates 7
Industry Conglomerates 79
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 18.10
Low Date 01/08/2018
High 19.39
High Date 01/11/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 18.10
Low Date 01/08/2018
High 19.39
High Date 01/11/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 17.25
Low Date 12/28/2017
High 19.39
High Date 01/11/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Broken Support
Resistance 25.70
Support 20.18
High 32.38
High Date 12/20/2016
Low 17.25
Low Date 12/28/2017
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 33.00
High Date 07/20/2016
Low 17.25
Low Date 12/28/2017
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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