The Greedy Trader Weekly Analysis
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Number of records: 10
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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
TJX Companies Inc.
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Summary:
Weekly :Williams' Percentage Range is oversold
Daily :Williams' Percentage Range is overboughtThe price has risen above the Parabolic SARThe period of low volatility of the stock price
Move cursor over the icon to see details.

It was a first positive week for the TJX Companies Inc. (TJX). During the week, the TJX gained 1.05 points, or 2.07%, and closed at 51.77 on Friday, March 15, 2019. Weekly volume was 29% above average.

Long-term trend: [See TJX long-term trend chart]
A long-term uptrend had started on November 14, 2017 at 66.44 and reached 113.28 on October 1, 2018. TJX gained -46.84 points, or -70.50%, in 45 weeks. The price is now at the 131.32% retracement level.

Medium-term trend: [See TJX medium-term trend chart]
A medium-term uptrend had started on December 24, 2018 at 41.49 and reached 52.73 on March 13, 2019. TJX gained -11.24 points, or -27.09%, in 11 weeks. The price is now at the 8.54% retracement level.

Weekly Technical Indicators: [See TJX weekly technical indicators chart]
Weekly Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with weekly 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 above its signal line since February 22, 2019. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term uptrend is getting stronger. Use the following link to access a MACD help.

Short-term trend: [See TJX short-term trend chart]
A short-term uptrend had started on February 4, 2019 at 48.19 and reached 52.73 on March 13, 2019. TJX gained -4.54 points, or -9.42%, in 37 days. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 50.32 and resistance is at 53.00. 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 Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a short-term trend.

Daily Technical Indicators: [See TJX daily technical indicators chart]
Daily Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range.

The daily MACD line is above its signal line since November 27, 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 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.

The distance between the Bollinger Bands is falling, and it was 6.64% on Friday. It is 69.78% lower than one year average. It indicates the period of low volatility of the stock price. 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 64.87
Williams' Percentage Range (W%R) 17.50
Overbought
Lane's Stochastic (%D-Slow) 71.38
Greed/Fear Indicator (GFI) 72.90
Moving Average Converg./Diverg. (MACD) 0.71
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 69.78
Williams' Percentage Range (W%R) 85.00
Oversold
Lane's Stochastic (%D-Slow) 92.39
Strong Overbought
Greed/Fear Indicator (GFI) 56.68
Moving Average Converg./Diverg. (MACD) -11.05
Trading Signals
Description Value Chart
Weekly Trendline Resistance 53.00
Upper Bollinger Band 52.82
Weekly Stochastic Crossing 52.29
Daily Stochastic Crossing 52.08
Price 51.77
20 Day Moving Average 51.16
Parabolic System 50.43
Weekly Trendline Support 50.32
50 Day Moving Average 49.40
Lower Bollinger Band 49.36
Sector and Industry
Description Name Rank
Sector Services 3
Industry Discount Variety Stores 79
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 52.73
High Date 03/13/2019
Low 51.58
Low Date 03/15/2019
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 53.00
Support 50.32
Low 48.19
Low Date 02/04/2019
High 52.73
High Date 03/13/2019
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 41.49
Low Date 12/24/2018
High 52.73
High Date 03/13/2019
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 113.28
High Date 10/01/2018
Low 41.49
Low Date 12/24/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 66.44
Low Date 11/14/2017
High 113.28
High Date 10/01/2018
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.

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