The Greedy Trader Weekly Analysis
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Downtrend Broken Resistance
Downtrend Broken Resistance stock alert presents a technical analysis stock market picking technique based on combination of technical indicators, stock trend analysis, trend following indicators and pattern recognition. Downtrend broken resistance stock market alert is a trend trading warning signal. It is a confirmation that long term downtrend reversal is completed and a new uptrend is establiched.

Unlike other alerts, broken resistance is not a buy/sell signal. It is rather warning signal that trend direction has changed. For entry point it is usually better to wait for pull back and retest of resistance line. This point is considered as a second chance to participate in downtrend reversal.
Technical analysis of stock trend chart following long term trend analysis and trend following indicator for broken resistance trend trading. Stock trend analysis and broken resistance trend following indicators.
trend trading,trend following,stock trend chart,technical analysis of stock trend,trend following indicator,following long term trend,Broken Resistance

Downtrend Broken Resist.

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- 6/26/2020 -
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Campbell Soup (CPB)

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Summary:
Weekly :Broken trend resistance line
Daily :Broken trend support lineThe price has fallen below the Parabolic SAR
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It was the negative week for the Campbell Soup (CPB). During the week, the CPB dropped -0.74 points, or -1.51%, and closed at 48.40 on Friday, June 26, 2020. Weekly volume was -33% below average.

Long-term trend: [See CPB long-term trend chart]
A long-term downtrend had started on July 6, 2016 at 67.89 and reached 32.03 on January 2, 2019. CPB lost 35.86 points, or 52.82%, in 130 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The downtrend resistance line (17.82) is broken. A broken support is considered to be a long-term bullish 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 resistance line in a long-term trend.

Medium-term trend: [See CPB medium-term trend chart]
A medium-term uptrend had started on January 2, 2019 at 32.03 and reached 57.54 on March 17, 2020. CPB gained -25.51 points, or -79.64%, in 62 weeks. The chart has formed a Symmetric Triangle chart pattern. The trend support level is at 42.49 and resistance is at 51.42. A Symmetric Triangle pattern represents the area of indecision, where the movement direction is questioned. Chart pattern analysis usually considers a symmetric triangle chart pattern as a continuation formation which resolves in the direction of larger trend, but it also may mark the trend reversal. Use the following link to access a Symmetric Triangle chart pattern help, or use a Technical Stock Screener to see the list of stocks with Symmetric Triangle pattern in a medium-term trend.

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

The weekly MACD line is below its signal line since May 22, 2020. Use the following link to access a MACD help.

Short-term trend: [See CPB short-term trend chart]
A short-term uptrend had started on June 15, 2020 at 46.68 and reached 50.35 on June 22, 2020. CPB gained -3.67 points, or -7.86%, in 7 days. The chart has formed a Symmetric Triangle chart pattern. The uptrend support line (48.69) 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 CPB daily technical indicators chart]
Daily technical indicators are neutral.

The daily MACD line is above its signal line since June 18, 2020. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current short-term uptrend is getting stronger.

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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 41.88
Williams' Percentage Range (W%R) 48.60
Lane's Stochastic (%D-Slow) 60.55
Greed/Fear Indicator (GFI) 51.27
Moving Average Converg./Diverg. (MACD) -0.23
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 55.30
Williams' Percentage Range (W%R) 46.90
Lane's Stochastic (%D-Slow) 44.44
Greed/Fear Indicator (GFI) 49.99
Moving Average Converg./Diverg. (MACD) 0.95
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 51.42
Upper Bollinger Band 51.39
Parabolic System 50.40
50 Day Moving Average 49.97
Weekly Trendline Resistance 49.66
Monthly Trendline Resistance 49.63
Weekly Stochastic Crossing 49.57
Daily Stochastic Crossing 49.35
20 Day Moving Average 49.19
Weekly Trendline Support 48.69
Price 48.40
Lower Bollinger Band 46.98
Monthly Trendline Support 46.56
Yearly Trendline Resistance 43.63
Quarterly Trendline Support 42.49
Sector and Industry
Description Name Rank
Sector Consumer Staples 6
Industry Packaged Foods & Meats 56
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 49.83
High Date 06/25/2020
Low 48.16
Low Date 06/26/2020
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Symmetric Triangle
Status Broken Support
Resistance 49.66
Support 48.69
Low 46.68
Low Date 06/15/2020
High 50.35
High Date 06/22/2020
Description Value
Direction Down
Chart Pattern Descending Triangle
Status Valid
Resistance 49.63
Support 46.56
High 53.92
High Date 05/15/2020
Low 46.68
Low Date 06/15/2020
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Symmetric Triangle
Status Valid
Resistance 51.42
Support 42.49
Low 32.03
Low Date 01/02/2019
High 57.54
High Date 03/17/2020
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Broken Resistance
Resistance 43.63
Support 17.82
High 67.89
High Date 07/06/2016
Low 32.03
Low Date 01/02/2019
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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