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
Equity Residential
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Summary:
Weekly :Overbought sector
Daily :Daily  MACD line has moved below its signal lineThe price has fallen below the Parabolic SARPrice is close to the 50 Day Moving Average
Move cursor over the icon to see details.

It was the negative week for the Equity Residential (EQR). During the week, the EQR gave back -0.76 points, or -0.99%, and closed at 75.83 on Friday, May 10, 2019. Weekly volume was -51% below average.

EQR is a member of Financial Sector. Financial is the most overbought sector. 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 EQR long-term trend chart]
A long-term uptrend had started on February 12, 2018 at 54.97 and reached 77.69 on May 1, 2019. EQR gained -22.72 points, or -41.33%, in 63 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 67.32 and resistance is at 80.64. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a long-term trend.

Medium-term trend: [See EQR medium-term trend chart]
A medium-term uptrend had started on December 26, 2018 at 63.17 and reached 77.69 on May 1, 2019. EQR gained -14.52 points, or -22.99%, in 18 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 73.84 and resistance is at 79.19. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a medium-term trend.

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

The weekly MACD line is above its signal line since January 25, 2019. 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 EQR short-term trend chart]
A short-term uptrend had started on May 9, 2019 at 73.85 and reached 76.12 on May 10, 2019. EQR gained -2.27 points, or -3.07%, in 1 days. The price is now at the 12.78% retracement level.

Daily Technical Indicators: [See EQR 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.

Price is close to the 50 Day Moving Average. 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) 60.38
Williams' Percentage Range (W%R) 67.50
Lane's Stochastic (%D-Slow) 28.97
Greed/Fear Indicator (GFI) 40.61
Moving Average Converg./Diverg. (MACD) 0.20
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 64.96
Williams' Percentage Range (W%R) 20.40
Lane's Stochastic (%D-Slow) 69.47
Greed/Fear Indicator (GFI) 67.74
Moving Average Converg./Diverg. (MACD) 2.24
Trading Signals
Description Value Chart
Yearly Trendline Resistance 80.64
Quarterly Trendline Resistance 79.19
Upper Bollinger Band 77.48
Parabolic System 77.40
Weekly Stochastic Crossing 75.89
Price 75.83
20 Day Moving Average 75.71
Monthly Trendline Resistance 75.26
50 Day Moving Average 75.14
Daily Stochastic Crossing 74.77
Quarterly Trendline Support 73.84
Lower Bollinger Band 73.63
Monthly Trendline Support 73.35
Yearly Trendline Support 67.32
Sector and Industry
Description Name Rank
Sector Financial 9
Industry REIT - Residential 89
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 73.85
Low Date 05/09/2019
High 76.12
High Date 05/10/2019
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 73.85
Low Date 05/09/2019
High 76.12
High Date 05/10/2019
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Broken Resistance
Resistance 75.26
Support 73.35
High 77.69
High Date 05/01/2019
Low 73.85
Low Date 05/09/2019
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 79.19
Support 73.84
Low 63.17
Low Date 12/26/2018
High 77.69
High Date 05/01/2019
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 80.64
Support 67.32
Low 54.97
Low Date 02/12/2018
High 77.69
High Date 05/01/2019
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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