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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.

Downtrend Broken Resist.

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- 4/5/2024 -
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PVH Corp. (PVH) Technical Analysis

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Summary:
Weekly :Stochastic has declined below the signal lineWeekly  MACD line has moved below its signal lineBroken trend resistance line
Daily :Stochastic has declined below the signal lineDaily  MACD line has moved below its signal lineThe price has fallen below the Parabolic SAR20 Day Moving Average has crossed below the 50 Day Moving AverageWilliams' Percentage Range is oversoldThe price has declined below the moving average in the center of the Bollinger BandsThe Bollinger Bands are historically far apart
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It was the negative week for the PVH Corp. (PVH). During the week, the PVH dropped -31.95 points, or -22.72%, and closed at 108.66 on Friday, April 5, 2024. Weekly volume was 266% above average.

Long-term trend: [See PVH long-term trend chart]
A long-term downtrend had started on June 11, 2018 at 169.22 and reached 28.40 on March 23, 2020. PVH lost 140.82 points, or 83.22%, in 93 weeks. The chart has formed a Symmetric Triangle chart pattern. The downtrend resistance line (52.48) 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 PVH medium-term trend chart]
A medium-term uptrend had started on October 6, 2023 at 69.27 and reached 141.15 on April 1, 2024. PVH gained -71.88 points, or -103.77%, in 25 weeks. The price is now at the 45.20% retracement level.

Weekly Technical Indicators: [See PVH weekly technical indicators chart]
Weekly technical indicators are neutral. 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 link to access Lane's Stochastic help.

During the last week, weekly MACD line has moved below its signal line. Such crossover is considered a bearish signal. Use the following link to access a MACD help.

Short-term trend: [See PVH short-term trend chart]
A short-term downtrend had started on April 1, 2024 at 141.15 and reached 104.72 on April 3, 2024. PVH lost 36.43 points, or 25.81%, in 2 days. The price is now at the 10.82% retracement level.

Daily Technical Indicators: [See PVH 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. 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. Use the following link to access Williams' Percentage Range help.

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

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 price has declined below the moving average in the center of the Bollinger Bands. The distance between the Bollinger Bands (41.93%) is close to one year high (37.47%). It is 194.33% higher then one year average. It indicates the period of high volatility of the stock price, and it is considered a sell signal for the option traders. 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 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) 31.26
Williams' Percentage Range (W%R) 95.40
Strong Oversold
Lane's Stochastic (%D-Slow) 23.15
Greed/Fear Indicator (GFI) 19.67
Oversold
Moving Average Converg./Diverg. (MACD) -1.10
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 41.42
Williams' Percentage Range (W%R) 52.40
Lane's Stochastic (%D-Slow) 69.05
Greed/Fear Indicator (GFI) 54.06
Moving Average Converg./Diverg. (MACD) 11.96
Trading Signals
Description Value Chart
Upper Bollinger Band 149.14
Parabolic System 137.08
50 Day Moving Average 129.28
20 Day Moving Average 129.16
Weekly Stochastic Crossing 128.05
Price 108.66
Daily Stochastic Crossing 107.15
Lower Bollinger Band 103.56
Yearly Trendline Resistance 94.57
Sector and Industry
Description Name Rank
Sector Consumer Discretionary 7
Industry Apparel, Accessories & Luxury Goods 15
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 141.15
High Date 04/01/2024
Low 104.72
Low Date 04/03/2024
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 141.15
High Date 04/01/2024
Low 104.72
Low Date 04/03/2024
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 69.27
Low Date 10/06/2023
High 141.15
High Date 04/01/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 43.50
Low Date 09/30/2022
High 141.15
High Date 04/01/2024
Description Value
Direction Down
Chart Pattern Symmetric Triangle
Status Broken Resistance
Resistance 94.57
Support 52.48
High 169.22
High Date 06/11/2018
Low 28.40
Low Date 03/23/2020
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.