The Greedy Trader Weekly Analysis
Sign In Jul 13, 2018
Skip Navigation Links
   Home
   AnalysisExpand    Analysis
   AlertsExpand    Alerts
   IndustriesExpand    Industries
   Stock PickExpand    Stock Pick
   MembersExpand    Members
   ResourcesExpand    Resources
   About UsExpand    About Us
Number of records: 1
Symbol:  

• Symbol Lookup
• Add to Watch List
• Candlestick Patterns - N/A
• Stock Technical Indicators
• Stock Trends Analysis
• Market Sector Rank
• Stock Trading Signals
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.
System trading Stock Market Timing Signals and trading strategies for stocks, ETF and index trading. Presented computer system trading tool includes index timing, market trading strategies, stock trading systems, timing strategies, s&p 500 trading system and stock index trading system for long term trading as well as short term and day trading.
stock market timing,index timing,timing signals,market timing,day trading,market trading strategies,stock trading systems, timing strategies,s&p 500 trading system,free system trading,computer system trading, stock index trading system,,stock alerts,stock market alerts,stock market picks,technical stock pick,stock picking,stock pick,free pick stock,picking stocks,pick stock undervalued,pick stock,long term stock picks
Goodyear Tire & Rubber
Subscribe to TheGreedyTrader Weekly Alerts
Summary:
Weekly :Broken trend support lineBroken trend support lineOversold industryWilliams' Percentage Range and Lane's Stochastic are oversoldStochastic has raised above the signal line
Daily :The price has risen above the Parabolic SAR
Move cursor over the icon to see details.

It was a first positive week after 3 consecutive negative weeks for the Goodyear Tire & Rubber (GT). During the week, the GT gained 0.51 points, or 2.19%, and closed at 23.80 on Friday, July 06, 2018. Weekly volume was -19% below average.

GT is a member of Rubber & Plastics Industry. Rubber & Plastics is the fourth most oversold industry. 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 GT long-term trend chart]
A long-term uptrend had started on March 6, 2009 at 3.17 and reached 37.20 on March 16, 2017. GT gained -34.03 points, or -1073.50%, in 418 weeks. The chart has formed a Rising Channel chart pattern. The uptrend support line (27.54) 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 long-term trend.

Medium-term trend: [See GT medium-term trend chart]
A medium-term downtrend had started on March 16, 2017 at 37.20 and reached 22.73 on July 2, 2018. GT lost 14.47 points, or 38.90%, in 67 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The downtrend support line (25.22) 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 GT weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold Williams' Percentage Range and Lane's Stochastic. 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 February 16, 2018. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term downtrend is getting stronger. Use the following link to access a MACD help.

Short-term trend: [See GT short-term trend chart]
A short-term downtrend had started on June 11, 2018 at 25.82 and reached 22.73 on July 2, 2018. GT lost 3.09 points, or 11.97%, in 21 days. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 22.21 and resistance is at 24.52. A Broadening Descending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending Wedge pattern in a short-term trend.

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

The daily MACD line is below its signal line since June 22, 2018. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term downtrend is getting weak.

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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 27.40
Williams' Percentage Range (W%R) 64.40
Lane's Stochastic (%D-Slow) 28.83
Greed/Fear Indicator (GFI) 30.61
Moving Average Converg./Diverg. (MACD) -0.40
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 35.82
Williams' Percentage Range (W%R) 85.30
Oversold
Lane's Stochastic (%D-Slow) 18.66
Oversold
Greed/Fear Indicator (GFI) 22.99
Moving Average Converg./Diverg. (MACD) -1.68 Bullish
Trading Signals
Description Value Chart
Yearly Trendline Support 27.54
Upper Bollinger Band 25.72
Quarterly Trendline Support 25.22
50 Day Moving Average 24.97
Weekly Trendline Resistance 24.52
Monthly Trendline Resistance 24.51
20 Day Moving Average 24.50
Price 23.80
Daily Stochastic Crossing 23.48
Weekly Stochastic Crossing 23.47
Monthly Trendline Support 22.96
Lower Bollinger Band 22.91
Parabolic System 22.71
Weekly Trendline Support 22.21
Sector and Industry
Description Name Rank
Sector Consumer Goods 4
Industry Rubber & Plastics 4
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 22.73
Low Date 07/02/2018
High 24.08
High Date 07/05/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Valid
Resistance 24.52
Support 22.21
High 25.82
High Date 06/11/2018
Low 22.73
Low Date 07/02/2018
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Valid
Resistance 24.51
Support 22.96
High 36.07
High Date 01/29/2018
Low 22.73
Low Date 07/02/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Broken Support
Resistance 35.46
Support 25.22
High 37.20
High Date 03/16/2017
Low 22.73
Low Date 07/02/2018
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Support
Resistance 43.18
Support 27.54
Low 3.17
Low Date 03/06/2009
High 37.20
High Date 03/16/2017
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.

Copyright© 2004-2016 All rights reserved.