The Greedy Trader Weekly Analysis
Sign In Jan 18, 2019
Skip Navigation Links
   Home
   AnalysisExpand    Analysis
   AlertsExpand    Alerts
   Stock PickExpand    Stock Pick
   MembersExpand    Members
   ResourcesExpand    Resources
   About UsExpand    About Us
Number of records: 10
Symbol:  

• Symbol Lookup
• Add to Watch List
• Candlestick Patterns
• Stock Technical Indicators
• Stock Trends Analysis
• Market Sector Rank
• Stock Trading Signals
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
Gap (The)
Subscribe to TheGreedyTrader Weekly Alerts
Summary:
Weekly :Williams' Percentage Range is oversoldBroken trend support line
Daily :The price has fallen below the Parabolic SARWilliams' Percentage Range is oversold
Move cursor over the icon to see details.

It was the negative week for the Gap (The) (GPS). During the week, the GPS gave back -0.16 points, or -0.63%, and closed at 25.24 on Friday, January 11, 2019. Weekly volume was 36% above average.

Long-term trend: [See GPS long-term trend chart]
A long-term uptrend had started on May 18, 2016 at 17.00 and reached 35.68 on January 23, 2018. GPS gained -18.68 points, or -109.88%, in 87 weeks. The chart has formed a Rising Channel chart pattern. The uptrend support line (27.24) 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. GPS 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 GPS medium-term trend chart]
A medium-term downtrend had started on June 22, 2018 at 34.21 and reached 24.25 on November 20, 2018. GPS lost 9.96 points, or 29.11%, in 21 weeks. The price is now at the 9.94% retracement level.

Weekly Technical Indicators: [See GPS 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 July 6, 2018. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term downtrend is getting weak. Use the following link to access a MACD help.

Short-term trend: [See GPS short-term trend chart]
A short-term uptrend had started on December 24, 2018 at 24.42 and reached 27.00 on January 7, 2019. GPS gained -2.58 points, or -10.57%, in 14 days. The price is now at the 68.22% retracement level.

Daily Technical Indicators: [See GPS 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.

The daily MACD line is above its signal line since December 31, 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.

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) 51.31
Williams' Percentage Range (W%R) 92.70
Strong Oversold
Lane's Stochastic (%D-Slow) 43.40
Greed/Fear Indicator (GFI) 33.99
Moving Average Converg./Diverg. (MACD) -0.27
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 40.55
Williams' Percentage Range (W%R) 95.40
Strong Oversold
Lane's Stochastic (%D-Slow) 38.76
Greed/Fear Indicator (GFI) 30.05
Moving Average Converg./Diverg. (MACD) -1.03
Trading Signals
Description Value Chart
Yearly Trendline Support 27.24
Upper Bollinger Band 26.94
Parabolic System 26.75
50 Day Moving Average 26.45
20 Day Moving Average 25.62
Weekly Stochastic Crossing 25.57
Daily Stochastic Crossing 25.34
Price 25.24
Lower Bollinger Band 24.67
Sector and Industry
Description Name Rank
Sector Services 4
Industry Apparel Stores 25
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 26.54
High Date 01/09/2019
Low 24.50
Low Date 01/11/2019
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 24.42
Low Date 12/24/2018
High 27.00
High Date 01/07/2019
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 34.21
High Date 06/22/2018
Low 24.25
Low Date 11/20/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 35.68
High Date 01/23/2018
Low 24.25
Low Date 11/20/2018
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Support
Resistance 38.84
Support 27.24
Low 17.00
Low Date 05/18/2016
High 35.68
High Date 01/23/2018
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.

Copyright© 2004-2018 All rights reserved.