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
Equity Residential
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Summary:
Weekly :Lane's Stochastic is overboughtWilliams' Percentage Range is strongly overboughtStochastic has declined below the signal lineTrend resistance at 65.98Trend resistance at 65.98
Daily :Williams' Percentage Range and Lane's Stochastic are overboughtStochastic has declined below the signal lineA Parabolic SAR indicator is above and near the pricePrice is near the Fibonacci 38.2% retracement level
Move cursor over the icon to see details.

It was the negative week for the Equity Residential (EQR). During the week, the EQR dropped -0.95 points, or -1.42%, and closed at 65.96 on Friday, August 10, 2018. Weekly volume was -54% below average.

Long-term trend: [See EQR long-term trend chart]
A long-term downtrend had started on November 9, 2017 at 70.46 and reached 54.97 on February 12, 2018. EQR lost 15.49 points, or 21.98%, in 13 weeks. The chart has formed a Rising Wedge chart pattern. The price is near the trend resistance line (65.98). The resistance is usually stronger when technical indicators are overbought. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend resistance line in a long-term trend.

Medium-term trend: [See EQR medium-term trend chart]
A medium-term uptrend had started on February 12, 2018 at 54.97 and reached 67.41 on August 6, 2018. EQR gained -12.44 points, or -22.63%, in 25 weeks. The chart has formed a Rising Wedge chart pattern. The price is near the trend resistance line (65.98). The resistance is usually stronger when technical indicators are overbought. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend resistance line in a medium-term trend.

Weekly Technical Indicators: [See EQR weekly technical indicators chart]
Weekly Lane's Stochastic is overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Lane's Stochastic or strongly overbought weekly Williams' Percentage Range. During the last week, weekly Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish 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 and Williams' Percentage Range help.

The weekly MACD line is above its signal line since March 29, 2018. This is an indication that the medium-term trend is up. 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 July 30, 2018 at 63.38 and reached 67.41 on August 6, 2018. EQR gained -4.03 points, or -6.36%, 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 EQR daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range and Lane's Stochastic. During the last week, daily Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish signal.

The daily MACD line is above its signal line since July 30, 2018. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term uptrend is getting weak.

A Parabolic SAR (stop and reversal) indicator (65.8) comes close to the price (65.96). 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 69.04
Williams' Percentage Range (W%R) 13.50
Overbought
Lane's Stochastic (%D-Slow) 80.16
Overbought
Greed/Fear Indicator (GFI) 78.55
Moving Average Converg./Diverg. (MACD) 0.64
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 60.90
Williams' Percentage Range (W%R) 6.80
Strong Overbought
Lane's Stochastic (%D-Slow) 82.91
Overbought
Greed/Fear Indicator (GFI) 78.71
Moving Average Converg./Diverg. (MACD) 0.22
Trading Signals
Description Value Chart
Upper Bollinger Band 68.02
Daily Stochastic Crossing 66.80
Weekly Stochastic Crossing 66.28
Quarterly Trendline Resistance 65.98
Monthly Trendline Resistance 65.98
Price 65.96
Parabolic System 65.80
20 Day Moving Average 65.05
50 Day Moving Average 64.30
Monthly Trendline Support 64.15
Quarterly Trendline Support 64.15
Lower Bollinger Band 62.76
Sector and Industry
Description Name Rank
Sector Financial 5
Industry REIT - Residential 139
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 63.38
Low Date 07/30/2018
High 67.41
High Date 08/06/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 63.38
Low Date 07/30/2018
High 67.41
High Date 08/06/2018
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Test Resistance
Resistance 65.98
Support 64.15
Low 54.97
Low Date 02/12/2018
High 67.41
High Date 08/06/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Rising Wedge
Status Test Resistance
Resistance 65.98
Support 64.15
High 70.46
High Date 11/09/2017
Low 54.97
Low Date 02/12/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 82.53
High Date 03/23/2015
Low 54.97
Low Date 02/12/2018
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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