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 lineRelative Strength Index and Williams' Percentage Range are oversoldLane's Stochastic bullish divergencePrice is near the Fibonacci 23.6% retracement level
Daily :The price has fallen below the Parabolic SAR
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 -0.34 points, or -1.46%, and closed at 22.93 on Friday, September 07, 2018. It was the worst weekly loss since July 13, 2018. Weekly volume was -8% below 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 (23.40) 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 22.07 on August 17, 2018. DJP lost 3.73 points, or 14.46%, in 11 weeks. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.

Weekly Technical Indicators: [See DJP weekly technical indicators chart]
Weekly Relative Strength Index and Williams' Percentage Range are oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold Relative Strength Index and Williams' Percentage Range. Weekly Lane's Stochastic has bullish divergence. Use the following links to access the Lane's Stochastic help, or use the Technical Stock Screener to see the list of stocks with weekly Lane's Stochastic bullish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. 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, Relative Strength Index and Williams' Percentage Range help.

The weekly MACD line is below its signal line since June 15, 2018. This is an indication that the medium-term trend is down. 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 August 31, 2018 at 23.37 and reached 22.77 on September 6, 2018. DJP lost 0.60 points, or 2.57%, in 6 days. The price is now at the 26.67% retracement level.

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

The daily MACD line is above its signal line since August 21, 2018. The distance between MACD and the signal line is low and getting smaller.

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) 41.56
Williams' Percentage Range (W%R) 55.30
Lane's Stochastic (%D-Slow) 26.90
Greed/Fear Indicator (GFI) 37.73
Moving Average Converg./Diverg. (MACD) -0.13
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 14.63
Oversold
Williams' Percentage Range (W%R) 80.70
Oversold
Lane's Stochastic (%D-Slow) 37.66
Bullish
Greed/Fear Indicator (GFI) 31.60
Moving Average Converg./Diverg. (MACD) -0.17 Bullish
Trading Signals
Description Value Chart
Yearly Trendline Resistance 25.84
Upper Bollinger Band 23.48
Yearly Trendline Support 23.40
Parabolic System 23.39
50 Day Moving Average 23.38
20 Day Moving Average 23.11
Price 22.93
Daily Stochastic Crossing 22.86
Lower Bollinger Band 22.85
Weekly Stochastic Crossing 22.75
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 23.37
High Date 08/31/2018
Low 22.77
Low Date 09/06/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 23.86
High Date 07/31/2018
Low 22.07
Low Date 08/17/2018
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 Descending Triangle
Status Broken Support
Resistance 25.84
Support 23.40
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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