The Greedy Trader Weekly Analysis
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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 :Overbought sectorBroken trend support line - Downtrend exhaustionLane's Stochastic oversoldWilliams' Percentage Range is strongly oversoldStochastic has raised above the signal line
Daily :Williams' Percentage Range is oversoldStochastic signal line moved above oversold areaDaily  MACD line has moved above its signal lineThe price has risen above the Parabolic SARThe period of high volatility of the stock price
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It was a first positive week for the General Electric (GE). During the week, the GE gained 0.35 points, or 1.74%, and closed at 20.49 on Friday, November 10, 2017. Weekly volume was 53% above average.

GE is a member of Conglomerates Sector. Conglomerates is the second 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 GE long-term trend chart]
A long-term downtrend had started on July 20, 2016 at 33.00 and reached 19.63 on November 2, 2017. GE lost 13.37 points, or 40.52%, in 67 weeks. The price is now at the 6.43% 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 19.63 on November 2, 2017. GE lost 12.75 points, or 39.38%, in 45 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The downtrend support line (21.32) is broken, while daily and weekly technical indicators are oversold. Downtrend 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 support in a medium-term trend.

Weekly Technical Indicators: [See GE weekly technical indicators chart]
Weekly Lane's Stochastic is oversold while Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold weekly Lane's Stochastic or strongly oversold weekly Williams' Percentage Range. During the last week, weekly Lane's Stochastic main line (%K) has rallied above the oversold signal line (%D). Such crossover is considered a bullish 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 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 near its high and getting bigger. It indicates that the current medium-term downtrend is strong. 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 November 2, 2017 at 19.63 and reached 20.68 on November 10, 2017. GE gained -1.05 points, or -5.35%, in 8 days. The price is now at the 18.10% retracement level.

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

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

During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward 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.

The distance between the Bollinger Bands is 264.31% 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 23.01
Williams' Percentage Range (W%R) 91.70
Strong Oversold
Lane's Stochastic (%D-Slow) 39.02
Greed/Fear Indicator (GFI) 23.45
Moving Average Converg./Diverg. (MACD) -0.96
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 27.02
Williams' Percentage Range (W%R) 95.70
Strong Oversold
Lane's Stochastic (%D-Slow) 10.12
Oversold
Greed/Fear Indicator (GFI) 17.02
Oversold
Moving Average Converg./Diverg. (MACD) -1.45
Trading Signals
Description Value Chart
Upper Bollinger Band 23.97
50 Day Moving Average 23.06
20 Day Moving Average 21.33
Monthly Trendline Support 21.32
Price 20.49
Weekly Stochastic Crossing 20.25
Daily Stochastic Crossing 20.08
Parabolic System 19.61
Lower Bollinger Band 18.49
Sector and Industry
Description Name Rank
Sector Conglomerates 8
Industry Conglomerates 101
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 19.63
Low Date 11/02/2017
High 20.68
High Date 11/10/2017
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 25.21
High Date 09/26/2017
Low 19.63
Low Date 11/02/2017
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Broken Support
Resistance 26.71
Support 21.32
High 32.38
High Date 12/20/2016
Low 19.63
Low Date 11/02/2017
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 33.00
High Date 07/20/2016
Low 19.63
Low Date 11/02/2017
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 5.87
Low Date 03/04/2009
High 33.00
High Date 07/20/2016
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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