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
Gap (The)
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Summary:
Weekly :Overbought sectorBroken trend resistance line
Daily :Stochastic signal line moved above oversold areaDaily  MACD line has moved above its signal lineThe price has risen above the Parabolic SAR20 Day Moving Average has crossed above the 50 Day Moving AverageThe price moved above the moving average in the center of the Bollinger Bands
Move cursor over the icon to see details.

It was a second consecutive positive week for the Gap (The) (GPS). During the week, the GPS gained 2.78 points, or 9.60%, and closed at 31.74 on Friday, June 08, 2018. Weekly volume was 25% above average.

GPS is a member of Services Sector. Services is the second 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 GPS long-term trend chart]
A long-term downtrend had started on September 4, 2014 at 46.85 and reached 17.00 on May 18, 2016. GPS lost 29.85 points, or 63.71%, in 88 weeks. The chart has formed a Falling Pennant chart pattern. The downtrend resistance line (24.24) is broken. A broken support is considered to be a long-term bullish 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 resistance line in a long-term trend.

Medium-term trend: [See GPS medium-term trend chart]
A medium-term downtrend had started on January 23, 2018 at 35.68 and reached 27.58 on May 30, 2018. GPS lost 8.10 points, or 22.70%, in 18 weeks. The chart has formed a Falling Channel chart pattern. The trend support level is at 27.21 and resistance is at 33.31. A Falling Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Falling Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Falling Channel pattern in a medium-term trend.

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

The weekly MACD line is below its signal line since February 9, 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 GPS short-term trend chart]
A short-term uptrend had started on May 30, 2018 at 27.58 and reached 31.83 on June 7, 2018. GPS gained -4.25 points, or -15.41%, in 8 days. Price is near the trend high.

Daily Technical Indicators: [See GPS daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish 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 link to access Lane's Stochastic help.

During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.

During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward 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.

During the last week, the price has moved above the moving average in the center of the Bollinger Bands. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.

During the last week, the 20 Day Moving Average has advanced above the 50 Day Moving Average. Such crossover is considered a bullish signal. 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) 50.72
Williams' Percentage Range (W%R) 32.80
Lane's Stochastic (%D-Slow) 68.49
Greed/Fear Indicator (GFI) 62.13
Moving Average Converg./Diverg. (MACD) -0.01
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 43.72
Williams' Percentage Range (W%R) 52.20
Lane's Stochastic (%D-Slow) 43.07
Greed/Fear Indicator (GFI) 46.47
Moving Average Converg./Diverg. (MACD) 0.43
Trading Signals
Description Value Chart
Weekly Trendline Resistance 33.31
Upper Bollinger Band 33.29
Price 31.74
Daily Stochastic Crossing 30.92
Weekly Stochastic Crossing 30.53
20 Day Moving Average 30.53
50 Day Moving Average 30.19
Parabolic System 27.96
Lower Bollinger Band 27.40
Weekly Trendline Support 27.21
Sector and Industry
Description Name Rank
Sector Services 8
Industry Apparel Stores 117
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 27.58
Low Date 05/30/2018
High 31.83
High Date 06/07/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Falling Channel
Status Valid
Resistance 33.31
Support 27.21
High 35.68
High Date 01/23/2018
Low 27.58
Low Date 05/30/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 21.02
Low Date 07/10/2017
High 35.68
High Date 01/23/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 17.00
Low Date 05/18/2016
High 35.68
High Date 01/23/2018
Description Value
Direction Down
Chart Pattern Falling Pennant
Status Broken Resistance
Resistance 19.49
Support 24.24
High 46.85
High Date 09/04/2014
Low 17.00
Low Date 05/18/2016
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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