The Greedy Trader Weekly Analysis
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Number of records: 15
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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 lineBroken trend support line
Daily :Williams' Percentage Range and Lane's Stochastic are oversoldA Parabolic SAR indicator is below and near the pricePrice has crossed below the 50 Day Moving Average
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 -0.40 points, or -1.68%, and closed at 23.36 on Friday, November 02, 2018. It was the worst weekly loss since July 13, 2018. Weekly volume was 23% 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 Falling Wedge chart pattern. The uptrend support line (23.64) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. DJP may retest the broken support line. It is considered to be a resistance line now. 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 uptrend had started on August 17, 2018 at 22.07 and reached 24.65 on October 3, 2018. DJP gained -2.58 points, or -11.69%, in 6 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The uptrend support line (23.91) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. DJP may retest the broken support line. It is considered to be a resistance line now. 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 medium-term trend.

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

The weekly MACD line is above its signal line since September 28, 2018. 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 DJP short-term trend chart]
A short-term downtrend had started on October 3, 2018 at 24.65 and reached 23.12 on October 31, 2018. DJP lost 1.53 points, or 6.21%, in 28 days. The chart has formed a Broadening Descending Wedge chart pattern.

Daily Technical Indicators: [See DJP daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range and 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 links to access Lane's Stochastic and Williams' Percentage Range help.

The daily MACD line is below its signal line since October 16, 2018. This is an indication that the short-term trend is down.

A Parabolic SAR (stop and reversal) indicator (23.49) comes close to the price (23.36). It indicates that the trend is getting weaker. 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 crossed below the 50 Day Moving Average. While the medium-term trend is up and 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) 24.88
Williams' Percentage Range (W%R) 88.70
Oversold
Lane's Stochastic (%D-Slow) 11.47
Oversold
Greed/Fear Indicator (GFI) 15.87
Oversold
Moving Average Converg./Diverg. (MACD) -0.02
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 46.92
Williams' Percentage Range (W%R) 60.90
Lane's Stochastic (%D-Slow) 67.61
Greed/Fear Indicator (GFI) 51.81
Moving Average Converg./Diverg. (MACD) -0.19
Trading Signals
Description Value Chart
Weekly Trendline Resistance 25.93
Yearly Trendline Resistance 25.87
Upper Bollinger Band 24.46
Weekly Trendline Support 23.91
Weekly Stochastic Crossing 23.91
20 Day Moving Average 23.85
Yearly Trendline Support 23.64
50 Day Moving Average 23.58
Parabolic System 23.49
Price 23.36
Daily Stochastic Crossing 23.22
Lower Bollinger Band 22.87
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
High 24.65
High Date 10/03/2018
Low 23.12
Low Date 10/31/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Broken Support
Resistance 25.93
Support 23.91
Low 22.07
Low Date 08/17/2018
High 24.65
High Date 10/03/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 25.80
High Date 05/29/2018
Low 22.07
Low Date 08/17/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 21.61
Low Date 06/22/2017
High 25.80
High Date 05/29/2018
Description Value
Direction Up
Chart Pattern Falling Wedge
Status Broken Support
Resistance 25.87
Support 23.64
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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