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 :Williams' Percentage Range is oversold
Daily :The price has fallen below the Parabolic SARWilliams' Percentage Range is oversoldMACD bullish divergencePrice is near the Fibonacci 38.2% retracement level
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 -0.37 points, or -1.52%, and closed at 23.98 on Friday, July 06, 2018. Weekly volume was 177% above average.

Long-term trend: [See DJP long-term trend chart]
A long-term uptrend had started on June 22, 2017 at 21.61 and reached 25.80 on May 29, 2018. DJP gained -4.19 points, or -19.39%, in 48 weeks. The price is now at the 43.44% retracement level.

Medium-term trend: [See DJP medium-term trend chart]
A medium-term downtrend had started on May 29, 2018 at 25.80 and reached 23.66 on July 6, 2018. DJP lost 2.14 points, or 8.29%, in 5 weeks. The price is now at the 14.95% retracement level.

Weekly Technical Indicators: [See DJP weekly technical indicators chart]
Weekly Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with weekly strongly oversold Williams' Percentage Range. 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 link to access 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. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current medium-term downtrend is strong. 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 June 29, 2018 at 24.46 and reached 23.66 on July 6, 2018. DJP lost 0.80 points, or 3.27%, in 7 days. Price is near the Fibonacci 38.2% retracement level. The Fibonacci retracement level is considered a support/resistance level.

Daily Technical Indicators: [See DJP daily technical indicators chart]
Daily Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with daily strongly oversold Williams' Percentage Range. Daily MACD has bullish divergence. Use the following links to access the MACD help, or use the Technical Stock Screener to see the list of stocks with daily MACD bullish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal.

The daily MACD line is below its signal line since May 25, 2018. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current short-term downtrend 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) 39.39
Williams' Percentage Range (W%R) 100.00
Strong Oversold
Lane's Stochastic (%D-Slow) 28.22
Greed/Fear Indicator (GFI) 22.54
Moving Average Converg./Diverg. (MACD) -0.27 Bullish
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 44.41
Williams' Percentage Range (W%R) 100.00
Strong Oversold
Lane's Stochastic (%D-Slow) 29.87
Greed/Fear Indicator (GFI) 24.62
Moving Average Converg./Diverg. (MACD) 0.28
Trading Signals
Description Value Chart
Upper Bollinger Band 25.28
50 Day Moving Average 24.89
20 Day Moving Average 24.39
Parabolic System 24.36
Weekly Stochastic Crossing 24.10
Price 23.98
Daily Stochastic Crossing 23.78
Lower Bollinger Band 23.43
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 24.46
High Date 06/29/2018
Low 23.66
Low Date 07/06/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 24.46
High Date 06/29/2018
Low 23.66
Low Date 07/06/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 24.46
High Date 06/29/2018
Low 23.66
Low Date 07/06/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 25.80
High Date 05/29/2018
Low 23.66
Low Date 07/06/2018
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
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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