The Greedy Trader Weekly Analysis
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Number of records: 2
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Uptrend Support
Uptrend Support 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. Stock market alert is a warning signal. Uptrend Support stock alert indicates that price is near long-term support trendline and probability of short-term trend reversal is high. The strategy here is to take advantage of established uptrend price pullback and entering the long position just prior to the continuation of the trend. The strategy has relatively low risk.
Technical analysis of stock trend chart following long term trend analysis and trend following indicator for uptrend support trend trading. Technical analysis of stock trend and uptrend support trend trading.
trend trading,trend following,stock trend chart,technical analysis of stock trend,trend following indicator,following long term trend,uptrend support
Dow Jones
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Summary:
Weekly :Broken trend resistance line
Daily :Broken trend resistance lineDaily  MACD line has moved above its signal lineThe price has risen above the Parabolic SAR
Move cursor over the icon to see details.

It was a first positive week for the Dow Jones (^DJI). During the week, the ^DJI gained 582.52 points, or 2.36%, and closed at 25270.83 on Friday, November 02, 2018. It was the best weekly gain since September 21, 2018. Weekly volume was 24% above average.

Long-term trend: [See ^DJI long-term trend chart]
A long-term uptrend had started on March 9, 2009 at 6440.08 and reached 26951.81 on October 3, 2018. ^DJI gained -20511.73 points, or -318.50%, in 499 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (19702.49) 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 ^DJI medium-term trend chart]
A medium-term uptrend had started on April 2, 2018 at 23344.52 and reached 26951.81 on October 3, 2018. ^DJI gained -3607.29 points, or -15.45%, in 26 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 24934.14 and resistance is at 27377.78. 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 medium-term trend.

Weekly Technical Indicators: [See ^DJI weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is below its signal line since October 12, 2018. Use the following link to access a MACD help.

Short-term trend: [See ^DJI short-term trend chart]
A short-term downtrend had started on October 3, 2018 at 26951.81 and reached 24122.23 on October 29, 2018. ^DJI lost 2829.58 points, or 10.50%, in 26 days. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (23863.05) 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 short-term trend.

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

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

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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 50.26
Williams' Percentage Range (W%R) 45.30
Lane's Stochastic (%D-Slow) 60.02
Greed/Fear Indicator (GFI) 54.98
Moving Average Converg./Diverg. (MACD) -290.77
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 48.01
Williams' Percentage Range (W%R) 51.00
Lane's Stochastic (%D-Slow) 41.29
Greed/Fear Indicator (GFI) 46.36
Moving Average Converg./Diverg. (MACD) 384.76
Trading Signals
Description Value Chart
Monthly Trendline Resistance 27377.78
Upper Bollinger Band 26374.28
50 Day Moving Average 25881.35
20 Day Moving Average 25316.92
Price 25270.83
Daily Stochastic Crossing 25145.90
Weekly Stochastic Crossing 24956.25
Monthly Trendline Support 24934.14
Lower Bollinger Band 24328.34
Parabolic System 24235.78
Weekly Trendline Resistance 24179.49
Weekly Trendline Support 23863.05
Yearly Trendline Resistance 23163.59
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 24122.23
Low Date 10/29/2018
High 25578.98
High Date 11/02/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Broken Resistance
Resistance 24179.49
Support 23863.05
High 26951.81
High Date 10/03/2018
Low 24122.23
Low Date 10/29/2018
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 27377.78
Support 24934.14
Low 23344.52
Low Date 04/02/2018
High 26951.81
High Date 10/03/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 15370.33
Low Date 08/24/2015
High 26951.81
High Date 10/03/2018
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 23163.59
Support 19702.49
Low 6440.08
Low Date 03/09/2009
High 26951.81
High Date 10/03/2018
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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