The Greedy Trader Weekly Analysis
Sign In Jan 18, 2019
Skip Navigation Links
   Home
   AnalysisExpand    Analysis
   AlertsExpand    Alerts
   Stock PickExpand    Stock Pick
   MembersExpand    Members
   ResourcesExpand    Resources
   About UsExpand    About Us
Number of records: 0
Symbol:  

• Symbol Lookup
• Add to Watch List
• Candlestick Patterns
• Stock Technical Indicators
• Stock Trends Analysis
• Market Sector Rank
• Stock Trading Signals
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
Subscribe to TheGreedyTrader Weekly Alerts
Summary:
Weekly :Broken trend resistance line
Daily :Lane's Stochastic is strongly overboughtThe price moved above the moving average in the center of the Bollinger Bands
Move cursor over the icon to see details.

It was a third positive week after 3 consecutive negative weeks for the Dow Jones (^DJI). During the week, the ^DJI gained 562.79 points, or 2.40%, and closed at 23995.95 on Friday, January 11, 2019. Weekly volume was -12% below 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 (19950.59) 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 downtrend had started on October 3, 2018 at 26951.81 and reached 21712.53 on December 26, 2018. ^DJI lost 5239.28 points, or 19.44%, in 12 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 21032.87 and resistance is at 25189.07. A Broadening Descending 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 Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending 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. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is relatively high, but getting smaller. It indicates that the current medium-term downtrend is still strong, and momentum is beginning to wane. Use the following link to access a MACD help.

Short-term trend: [See ^DJI short-term trend chart]
A short-term uptrend had started on December 26, 2018 at 21712.53 and reached 24014.78 on January 10, 2019. ^DJI gained -2302.25 points, or -10.60%, in 15 days. Price is near the trend high.

Daily Technical Indicators: [See ^DJI daily technical indicators chart]
Daily Lane's Stochastic is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought daily overbought 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 link to access Lane's Stochastic help.

The daily MACD line is above its signal line since December 31, 2018. This is an indication that the short-term trend is up. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current short-term uptrend is strong.

During the last week, the price has moved above the moving average in the center of the Bollinger Bands. 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) 61.95
Williams' Percentage Range (W%R) 26.40
Lane's Stochastic (%D-Slow) 96.00
Strong Overbought
Greed/Fear Indicator (GFI) 77.17
Moving Average Converg./Diverg. (MACD) -353.08
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 38.72
Williams' Percentage Range (W%R) 57.50
Lane's Stochastic (%D-Slow) 24.51
Greed/Fear Indicator (GFI) 37.80
Moving Average Converg./Diverg. (MACD) -85.47
Trading Signals
Description Value Chart
Monthly Trendline Resistance 25189.07
Upper Bollinger Band 24934.64
50 Day Moving Average 24427.79
Price 23995.95
Daily Stochastic Crossing 23973.22
Yearly Trendline Resistance 23411.69
20 Day Moving Average 23372.79
Parabolic System 23135.69
Weekly Stochastic Crossing 22803.96
Lower Bollinger Band 22419.99
Monthly Trendline Support 21032.87
Yearly Trendline Support 19950.59
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 22638.41
Low Date 01/03/2019
High 24014.78
High Date 01/10/2019
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 21712.53
Low Date 12/26/2018
High 24014.78
High Date 01/10/2019
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Valid
Resistance 25189.07
Support 21032.87
High 26951.81
High Date 10/03/2018
Low 21712.53
Low Date 12/26/2018
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 23411.69
Support 19950.59
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.

Copyright© 2004-2018 All rights reserved.