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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Block H&R
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Summary:
Weekly :Overbought sector
Daily :Williams' Percentage Range is oversoldPrice is close to the 50 Day Moving AveragePrice is near the Fibonacci 23.6% retracement levelThe price has declined below the moving average in the center of the Bollinger Bands
Move cursor over the icon to see details.

It was the negative week for the Block H&R (HRB). During the week, the HRB dropped -0.43 points, or -1.61%, and closed at 26.36 on Friday, January 12, 2018. Weekly volume was -28% below average.

HRB is a member of Services Sector. Services 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 HRB long-term trend chart]
A long-term uptrend had started on May 12, 2016 at 19.18 and reached 31.80 on August 15, 2017. HRB gained -12.62 points, or -65.80%, in 65 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 20.60 and resistance is at 34.62. A Broadening Ascending 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 Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a long-term trend.

Medium-term trend: [See HRB medium-term trend chart]
A medium-term uptrend had started on November 3, 2017 at 23.59 and reached 29.16 on December 6, 2017. HRB gained -5.57 points, or -23.61%, in 4 weeks. The price is now at the 50.27% retracement level.

Weekly Technical Indicators: [See HRB weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is above its signal line since December 15, 2017. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term uptrend is getting weak. Use the following link to access a MACD help.

Short-term trend: [See HRB short-term trend chart]
A short-term downtrend had started on December 6, 2017 at 29.16 and reached 25.60 on January 11, 2018. HRB lost 3.56 points, or 12.21%, in 36 days. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.

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

The daily MACD line is below its signal line since December 20, 2017. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current short-term downtrend is getting stronger.

During the last week, the price has declined below the moving average in the center of the Bollinger Bands. 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.

Price is close to the 50 Day Moving Average. While daily technical indicators are oversold, the 50 Day Moving Average is considered a support 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 45.55
Williams' Percentage Range (W%R) 80.40
Oversold
Lane's Stochastic (%D-Slow) 34.53
Greed/Fear Indicator (GFI) 33.24
Moving Average Converg./Diverg. (MACD) 0.02
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 57.78
Williams' Percentage Range (W%R) 63.60
Lane's Stochastic (%D-Slow) 57.64
Greed/Fear Indicator (GFI) 49.06
Moving Average Converg./Diverg. (MACD) -0.09
Trading Signals
Description Value Chart
Upper Bollinger Band 27.58
Weekly Stochastic Crossing 27.28
Parabolic System 26.81
20 Day Moving Average 26.67
Price 26.36
50 Day Moving Average 26.19
Daily Stochastic Crossing 26.04
Lower Bollinger Band 25.45
Sector and Industry
Description Name Rank
Sector Services 8
Industry Personal Services 26
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 29.16
High Date 12/06/2017
Low 25.60
Low Date 01/11/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 23.59
Low Date 11/03/2017
High 29.16
High Date 12/06/2017
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 31.80
High Date 08/15/2017
Low 23.59
Low Date 11/03/2017
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 34.62
Support 20.60
Low 19.18
Low Date 05/12/2016
High 31.80
High Date 08/15/2017
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 37.53
High Date 11/02/2015
Low 19.18
Low Date 05/12/2016
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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