The Greedy Trader Weekly Analysis
Sign In Nov 8, 2019
Skip Navigation Links
Number of records: 10
Symbol:  

• Symbol Lookup
• View Technical Chart
• Add to Watch List
• Candlestick Patterns - N/A
• 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

Lowe's Cos. (LOW)

Subscribe to TheGreedyTrader Weekly Alerts
Summary:
Weekly :Williams' Percentage Range is overboughtBroken trend resistance line
Daily :The price has fallen below the Parabolic SAR20 Day Moving Average has crossed below the 50 Day Moving Average
Move cursor over the icon to see details.

It was a first positive week for the Lowe's Cos. (LOW). During the week, the LOW gained 1.37 points, or 1.23%, and closed at 112.95 on Friday, November 1, 2019. Weekly volume was 1390% above 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 118.23 on April 17, 2019. LOW gained -105.23 points, or -809.46%, in 527 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (111.94) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. 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 May 29, 2019 at 91.60 and reached 115.96 on September 10, 2019. LOW gained -24.36 points, or -26.59%, in 14 weeks. The chart has formed a Broadening Right-Angled, Ascending Wedge chart pattern. The trend support level is at 92.04 and resistance is at 123.23. 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 Right-Angled, Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Right-Angled, Ascending Wedge pattern in a medium-term trend.

Weekly Technical Indicators: [See LOW weekly technical indicators chart]
Weekly Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly 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 above its signal line since August 23, 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 LOW short-term trend chart]
A short-term downtrend had started on October 21, 2019 at 113.81 and reached 109.19 on October 30, 2019. LOW lost 4.62 points, or 4.06%, in 9 days. The chart has formed a Falling Channel chart pattern.

Daily Technical Indicators: [See LOW daily technical indicators chart]
Daily technical indicators are neutral.

The daily MACD line is above its signal line since October 31, 2019. The distance between MACD and the signal line is low and getting smaller.

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.

During the last week, the 20 Day Moving Average has crossed below the 50 Day Moving Average. Such crossover is considered a bearish 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) 59.78
Williams' Percentage Range (W%R) 23.10
Lane's Stochastic (%D-Slow) 45.70
Greed/Fear Indicator (GFI) 60.78
Moving Average Converg./Diverg. (MACD) 0.59
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 60.30
Williams' Percentage Range (W%R) 16.70
Overbought
Lane's Stochastic (%D-Slow) 69.23
Greed/Fear Indicator (GFI) 70.50
Moving Average Converg./Diverg. (MACD) 1.84
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 123.23
Upper Bollinger Band 114.97
Parabolic System 113.38
Price 112.95
Weekly Stochastic Crossing 112.53
Yearly Trendline Support 111.94
Daily Stochastic Crossing 111.01
50 Day Moving Average 110.86
20 Day Moving Average 110.81
Yearly Trendline Resistance 107.48
Lower Bollinger Band 107.09
Quarterly Trendline Support 92.04
Sector and Industry
Description Name Rank
Sector Services 4
Industry Home Improvement Stores 135
Daily Trend
Description Value
Direction Down
Chart Pattern Falling Channel
High 113.81
High Date 10/21/2019
Low 109.19
Low Date 10/30/2019
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 104.59
Low Date 10/03/2019
High 113.81
High Date 10/21/2019
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 115.96
High Date 09/10/2019
Low 104.59
Low Date 10/03/2019
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Right-Angled, Ascending Wedge
Status Valid
Resistance 123.23
Support 92.04
Low 91.60
Low Date 05/29/2019
High 115.96
High Date 09/10/2019
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 107.48
Support 111.94
Low 13.00
Low Date 03/09/2009
High 118.23
High Date 04/17/2019
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.

Copyright© 2004-2018 All rights reserved.