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

Century Telephone (CTL)

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Summary:
Weekly :Overbought sectorOversold industry
Daily :The price has risen above the Parabolic SAR
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It was the negative week for the Century Telephone (CTL). During the week, the CTL dropped -0.64 points, or -6.31%, and closed at 9.51 on Friday, June 26, 2020. Weekly volume was -30% below average.

CTL is a member of Communication Services Sector. Communication Services is the most overbought sector. CTL is a member of Alternative Carriers Industry. Alternative Carriers is the ninth 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 CTL long-term trend chart]
A long-term downtrend had started on February 12, 2020 at 15.30 and reached 8.16 on March 23, 2020. CTL lost 7.14 points, or 46.67%, in 5 weeks. The price is now at the 18.91% retracement level.

Medium-term trend: [See CTL medium-term trend chart]
A medium-term uptrend had started on March 23, 2020 at 8.16 and reached 11.39 on June 8, 2020. CTL gained -3.23 points, or -39.58%, in 11 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 8.98 and resistance is at 11.55. A Rising 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 Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern in a medium-term trend.

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

The weekly MACD line is above its signal line since June 5, 2020. 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 CTL short-term trend chart]
A short-term downtrend had started on June 8, 2020 at 11.39 and reached 9.45 on June 26, 2020. CTL lost 1.94 points, or 17.03%, in 18 days. Price is near the trend low.

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

The daily MACD line is below its signal line since June 11, 2020. This is an indication that the short-term trend is down.

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) 25.91
Williams' Percentage Range (W%R) 72.20
Lane's Stochastic (%D-Slow) 25.80
Greed/Fear Indicator (GFI) 26.51
Moving Average Converg./Diverg. (MACD) 0.02
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 53.42
Williams' Percentage Range (W%R) 74.40
Lane's Stochastic (%D-Slow) 61.18
Greed/Fear Indicator (GFI) 46.36
Moving Average Converg./Diverg. (MACD) -0.74
Trading Signals
Description Value Chart
Upper Bollinger Band 10.98
Parabolic System 10.75
Weekly Stochastic Crossing 10.37
20 Day Moving Average 10.30
50 Day Moving Average 10.08
Daily Stochastic Crossing 9.68
Price 9.51
Lower Bollinger Band 9.24
Weekly Trendline Support 8.98
Sector and Industry
Description Name Rank
Sector Communication Services 9
Industry Alternative Carriers 9
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 11.39
High Date 06/08/2020
Low 9.45
Low Date 06/26/2020
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 11.55
Support 8.98
Low 8.16
Low Date 03/23/2020
High 11.39
High Date 06/08/2020
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 15.30
High Date 02/12/2020
Low 8.16
Low Date 03/23/2020
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 43.43
High Date 08/09/2012
Low 8.16
Low Date 03/23/2020
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 46.87
High Date 12/21/2010
Low 8.16
Low Date 03/23/2020
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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