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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.

Downtrend Exhaustion

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- 3/15/2024 -
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Whirlpool Corp. (WHR) Technical Analysis

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Summary:
Weekly :Oversold industryLane's Stochastic is oversold
Daily :Broken trend support lineThe price has fallen below the Parabolic SARThe price has declined below the moving average in the center of the Bollinger Bands
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It was the negative week for the Whirlpool Corp. (WHR). During the week, the WHR dropped -4.21 points, or -3.85%, and closed at 105.12 on Friday, March 15, 2024. Weekly volume was 184% above average.

WHR is a member of Household Appliances Industry. Household Appliances is the third 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 WHR long-term trend chart]
A long-term downtrend had started on July 12, 2023 at 160.62 and reached 98.42 on October 27, 2023. WHR lost 62.20 points, or 38.72%, in 15 weeks. The price is now at the 10.77% retracement level.

Medium-term trend: [See WHR medium-term trend chart]
A medium-term downtrend had started on December 14, 2023 at 125.68 and reached 102.65 on March 6, 2024. WHR lost 23.03 points, or 18.32%, in 11 weeks. The chart has formed a Falling Channel chart pattern. The trend support level is at 100.66 and resistance is at 109.83. A Falling Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Falling Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Falling Channel pattern in a medium-term trend.

Weekly Technical Indicators: [See WHR 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 above its signal line since December 22, 2023. The distance between MACD and the signal line is low, but getting bigger. Use the following link to access a MACD help.

Short-term trend: [See WHR short-term trend chart]
A short-term uptrend had started on March 6, 2024 at 102.65 and reached 109.71 on March 11, 2024. WHR gained -7.06 points, or -6.88%, in 5 days. The chart has formed a Symmetric Triangle chart pattern. The uptrend support line (110.68) 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 short-term trend.

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

The daily MACD line is above its signal line since March 7, 2024. 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.

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

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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 43.59
Williams' Percentage Range (W%R) 75.80
Lane's Stochastic (%D-Slow) 64.25
Greed/Fear Indicator (GFI) 44.00
Moving Average Converg./Diverg. (MACD) -1.20
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 42.80
Williams' Percentage Range (W%R) 79.40
Lane's Stochastic (%D-Slow) 16.70
Oversold
Greed/Fear Indicator (GFI) 26.99
Moving Average Converg./Diverg. (MACD) -5.94
Trading Signals
Description Value Chart
Upper Bollinger Band 111.72
50 Day Moving Average 111.03
Weekly Trendline Support 110.68
Monthly Trendline Resistance 109.83
Parabolic System 109.27
Weekly Trendline Resistance 108.87
20 Day Moving Average 107.80
Daily Stochastic Crossing 106.82
Weekly Stochastic Crossing 105.43
Price 105.12
Lower Bollinger Band 104.16
Monthly Trendline Support 100.66
Sector and Industry
Description Name Rank
Sector Consumer Discretionary 7
Industry Household Appliances 3
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 109.29
High Date 03/13/2024
Low 104.53
Low Date 03/15/2024
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Symmetric Triangle
Status Broken Support
Resistance 108.87
Support 110.68
Low 102.65
Low Date 03/06/2024
High 109.71
High Date 03/11/2024
Description Value
Direction Down
Chart Pattern Falling Channel
Status Valid
Resistance 109.83
Support 100.66
High 125.68
High Date 12/14/2023
Low 102.65
Low Date 03/06/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 160.62
High Date 07/12/2023
Low 98.42
Low Date 10/27/2023
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 257.68
High Date 05/10/2021
Low 98.42
Low Date 10/27/2023
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.