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
TJX Companies Inc.
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Summary:
Weekly :Relative Strength Index oversoldWilliams' Percentage Range and Lane's Stochastic are strongly oversoldBroken trend support line
Daily :The price is below the lower Bollinger BandWilliams' Percentage Range is oversoldRelative Strength Index and Lane's Stochastic bullish divergence
Move cursor over the icon to see details.

It was the negative week for the TJX Companies Inc. (TJX). During the week, the TJX dropped -3.56 points, or -7.29%, and closed at 45.29 on Friday, December 07, 2018. Weekly volume was 155% 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 chart has formed a Rising Channel chart pattern. The uptrend support line (109.97) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. TJX may retest the broken support line. It is considered to be a resistance line now. 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 support in a long-term trend.

Medium-term trend: [See TJX medium-term trend chart]
A medium-term downtrend had started on October 1, 2018 at 113.28 and reached 45.04 on December 7, 2018. TJX lost 68.24 points, or 60.24%, in 9 weeks. Price is near the trend low.

Weekly Technical Indicators: [See TJX weekly technical indicators chart]
Weekly Relative Strength Index is oversold while Williams' Percentage Range and Lane's Stochastic are strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold weekly Relative Strength Index or strongly oversold weekly Williams' Percentage Range and Lane's Stochastic. 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 below its signal line since October 19, 2018. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current medium-term downtrend is strong. Use the following link to access a MACD help.

Short-term trend: [See TJX short-term trend chart]
A short-term downtrend had started on December 3, 2018 at 49.36 and reached 45.04 on December 7, 2018. TJX lost 4.32 points, or 8.75%, in 4 days. The price is now at the 5.79% retracement level.

Daily Technical Indicators: [See TJX daily technical indicators chart]
Daily Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range. Daily Relative Strength Index and Lane's Stochastic have bullish divergence. Use the following links to access the Relative Strength Index and Lane's Stochastic help, or use the Technical Stock Screener to see the list of stocks with daily Relative Strength Index and Lane's Stochastic bullish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal.

The daily MACD line is above its signal line since November 27, 2018. The distance between MACD and the signal line is low, but getting bigger.

The price has closed on Friday below the lower Bollinger Band. It is considered a bearish signal. 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) 26.10
Bullish
Williams' Percentage Range (W%R) 88.10
Oversold
Lane's Stochastic (%D-Slow) 43.83
Bullish
Greed/Fear Indicator (GFI) 27.29
Moving Average Converg./Diverg. (MACD) -11.88
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 11.06
Oversold
Williams' Percentage Range (W%R) 98.00
Strong Oversold
Lane's Stochastic (%D-Slow) 6.30
Strong Oversold
Greed/Fear Indicator (GFI) 9.15
Strong Oversold
Moving Average Converg./Diverg. (MACD) -0.49
Trading Signals
Description Value Chart
50 Day Moving Average 82.22
Upper Bollinger Band 62.03
20 Day Moving Average 49.35
Lower Bollinger Band 48.18
Parabolic System 47.70
Daily Stochastic Crossing 46.80
Weekly Stochastic Crossing 46.33
Price 45.29
Sector and Industry
Description Name Rank
Sector Services 6
Industry Discount Variety Stores 93
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 49.36
High Date 12/03/2018
Low 45.04
Low Date 12/07/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 49.36
High Date 12/03/2018
Low 45.04
Low Date 12/07/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 49.36
High Date 12/03/2018
Low 45.04
Low Date 12/07/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 113.28
High Date 10/01/2018
Low 45.04
Low Date 12/07/2018
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Support
Resistance 124.13
Support 109.97
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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