The Greedy Trader Weekly Analysis
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Number of records: 10
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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
iPath Dow Jones-AIG Commodity Idx TR ETN
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Summary:
Weekly :Broken trend support line
Daily :Broken trend support lineDaily  MACD line has moved below its signal lineThe price has fallen below the Parabolic SAR20 Day Moving Average has crossed above the 50 Day Moving AverageThe price has declined below the moving average in the center of the Bollinger BandsThe period of low volatility of the stock price
Move cursor over the icon to see details.

It was the negative week for the iPath Dow Jones-AIG Commodity Idx TR ETN (DJP). During the week, the DJP dropped -0.30 points, or -1.33%, and closed at 22.26 on Friday, February 8, 2019. It was the worst weekly loss since December 21, 2018. Weekly volume was 6% above average.

Long-term trend: [See DJP long-term trend chart]
A long-term uptrend had started on January 20, 2016 at 19.50 and reached 25.80 on May 29, 2018. DJP gained -6.30 points, or -32.31%, in 122 weeks. The chart has formed a Descending Triangle chart pattern. The uptrend support line (24.02) 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 DJP medium-term trend chart]
A medium-term downtrend had started on May 29, 2018 at 25.80 and reached 20.38 on December 26, 2018. DJP lost 5.42 points, or 21.01%, in 30 weeks. The chart has formed a Falling Channel chart pattern. The trend support level is at 20.34 and resistance is at 22.99. 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 DJP weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is below its signal line since November 9, 2018. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term downtrend is getting weak. Use the following link to access a MACD help.

Short-term trend: [See DJP short-term trend chart]
A short-term uptrend had started on December 26, 2018 at 20.38 and reached 22.76 on January 31, 2019. DJP gained -2.38 points, or -11.68%, in 36 days. The chart has formed a Rising Wedge chart pattern. The uptrend support line (22.88) 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 DJP daily technical indicators chart]
Daily technical indicators are neutral.

During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.

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 distance between the Bollinger Bands is falling, and it was 2.7% on Friday. It is 51.07% lower than one year average. It indicates the period of low volatility of the stock price. 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.

During the last week, the 20 Day Moving Average has advanced above the 50 Day Moving Average. Such crossover is considered a bullish signal. 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) 41.84
Williams' Percentage Range (W%R) 53.20
Lane's Stochastic (%D-Slow) 47.81
Greed/Fear Indicator (GFI) 45.47
Moving Average Converg./Diverg. (MACD) 0.06
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 39.96
Williams' Percentage Range (W%R) 53.90
Lane's Stochastic (%D-Slow) 58.54
Greed/Fear Indicator (GFI) 50.46
Moving Average Converg./Diverg. (MACD) -0.41
Trading Signals
Description Value Chart
Yearly Trendline Resistance 25.91
Yearly Trendline Support 24.02
Quarterly Trendline Resistance 22.99
Weekly Trendline Support 22.88
Weekly Trendline Resistance 22.84
Parabolic System 22.77
Upper Bollinger Band 22.65
Daily Stochastic Crossing 22.41
20 Day Moving Average 22.37
50 Day Moving Average 22.30
Price 22.26
Weekly Stochastic Crossing 22.04
Lower Bollinger Band 22.04
Quarterly Trendline Support 20.34
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 22.76
High Date 01/31/2019
Low 22.17
Low Date 02/07/2019
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Support
Resistance 22.84
Support 22.88
Low 20.38
Low Date 12/26/2018
High 22.76
High Date 01/31/2019
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 24.65
High Date 10/03/2018
Low 20.38
Low Date 12/26/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Falling Channel
Status Valid
Resistance 22.99
Support 20.34
High 25.80
High Date 05/29/2018
Low 20.38
Low Date 12/26/2018
Description Value
Direction Up
Chart Pattern Descending Triangle
Status Broken Support
Resistance 25.91
Support 24.02
Low 19.50
Low Date 01/20/2016
High 25.80
High Date 05/29/2018
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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