The Greedy Trader Weekly Analysis
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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

Lowe's Cos. (LOW)

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Summary:
Weekly :Broken uptrend resistance line - uptrend exhaustionBroken uptrend resistance line - uptrend exhaustionRelative Strength Index is overboughtWilliams' Percentage Range and Lane's Stochastic are strongly overboughtLane's Stochastic and MACD bearish divergence
Daily :Relative Strength Index and Lane's Stochastic are overboughtWilliams' Percentage Range is strongly overboughtThe price has fallen below the Parabolic SAR
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It was a fifth consecutive positive week for the Lowe's Cos. (LOW). During the week, the LOW gained 1.88 points, or 1.28%, and closed at 148.91 on Friday, July 31, 2020. Weekly volume was -50% below average.

Long-term trend: [See LOW long-term trend chart]
A long-term uptrend had started on March 9, 2009 at 13.00 and reached 149.92 on July 31, 2020. LOW gained -136.92 points, or -1053.23%, in 594 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (99.00) is broken, while daily and weekly technical indicators are overbought. Uptrend is exhausted and trend reversal is possible soon. 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 LOW medium-term trend chart]
A medium-term uptrend had started on November 20, 2018 at 84.75 and reached 149.92 on July 31, 2020. LOW gained -65.17 points, or -76.90%, in 88 weeks. The chart has formed a Symmetric Triangle chart pattern. The uptrend resistance line (102.65) is broken, while daily and weekly technical indicators are overbought. Uptrend is exhausted and trend reversal is possible soon. 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 medium-term trend.

Weekly Technical Indicators: [See LOW weekly technical indicators chart]
Weekly Relative Strength Index is overbought while Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Relative Strength Index or strongly overbought weekly Williams' Percentage Range and Lane's Stochastic. Weekly Lane's Stochastic and MACD have bearish divergence. Use the following links to access the Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with weekly Lane's Stochastic and MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading 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, Relative Strength Index and Williams' Percentage Range help.

The weekly MACD line is above its signal line since May 8, 2020. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is relatively high, but getting smaller. It indicates that the current medium-term uptrend is still strong, and momentum is beginning to wane. Use the following link to access a MACD help.

Short-term trend: [See LOW short-term trend chart]
A short-term uptrend had started on March 19, 2020 at 60.00 and reached 149.92 on July 31, 2020. LOW gained -89.92 points, or -149.87%, in 134 days. The chart has formed a Rising Wedge chart pattern.

Daily Technical Indicators: [See LOW daily technical indicators chart]
Daily Relative Strength Index and Lane's Stochastic are overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Relative Strength Index and Lane's Stochastic or strongly overbought daily Williams' Percentage Range.

The daily MACD line is above its signal line since July 14, 2020. 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) 80.26
Overbought
Williams' Percentage Range (W%R) 2.80
Strong Overbought
Lane's Stochastic (%D-Slow) 86.44
Overbought
Greed/Fear Indicator (GFI) 87.96
Overbought
Moving Average Converg./Diverg. (MACD) 4.50
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 85.96
Overbought
Williams' Percentage Range (W%R) 0.50
Strong Overbought
Lane's Stochastic (%D-Slow) 93.99
Strong Overbought Bearish
Greed/Fear Indicator (GFI) 87.82
Overbought
Moving Average Converg./Diverg. (MACD) 5.65 Bearish
Trading Signals
Description Value Chart
Upper Bollinger Band 153.71
Parabolic System 149.83
Daily Stochastic Crossing 149.17
Price 148.91
Weekly Stochastic Crossing 148.53
20 Day Moving Average 142.97
50 Day Moving Average 135.44
Lower Bollinger Band 132.93
Sector and Industry
Description Name Rank
Sector Consumer Discretionary 6
Industry Home Improvement Retail 128
Daily Trend
Description Value
Direction Up
Chart Pattern Rising Wedge
Low 60.00
Low Date 03/19/2020
High 149.92
High Date 07/31/2020
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 91.82
Low Date 08/15/2019
High 149.92
High Date 07/31/2020
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 91.60
Low Date 05/29/2019
High 149.92
High Date 07/31/2020
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Symmetric Triangle
Status Broken Resistance
Resistance 64.50
Support 102.65
Low 84.75
Low Date 11/20/2018
High 149.92
High Date 07/31/2020
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 117.13
Support 99.00
Low 13.00
Low Date 03/09/2009
High 149.92
High Date 07/31/2020
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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