The Greedy Trader Weekly Analysis
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Uptrend Exhaustion
Uptrend Exhaustion 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 Exhaustion alert indicates that long term uptrend is exhausted and probability of long term trend reversal is high. Uptrend exhaustion stock market alert presents relatively low to medium risk - high reword stock pick for overvalued stocks.

The strategy is based on selling (or taking a short) position on anticipation of uptrend reversal.
Stock trend chart following long term trend analysis and trend following indicator.
trend following,stock trend chart,trend following indicator,following long term trend
Adobe Systems
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Summary:
Weekly :Broken trend resistance lineBroken trend resistance line
Daily :Lane's Stochastic is strongly overboughtPrice has crossed above the 50 Day Moving AverageThe price moved above the moving average in the center of the Bollinger Bands
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It was a third positive week after 3 consecutive negative weeks for the Adobe Systems (ADBE). During the week, the ADBE gained 11.36 points, or 5.02%, and closed at 237.55 on Friday, January 11, 2019. ADBE was trading at average weekly trading volume.

Long-term trend: [See ADBE long-term trend chart]
A long-term uptrend had started on February 27, 2009 at 15.70 and reached 277.61 on September 14, 2018. ADBE gained -261.91 points, or -1668.22%, in 498 weeks. The chart has formed a Symmetric Triangle chart pattern. The uptrend resistance line (49.02) 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 ADBE medium-term trend chart]
A medium-term uptrend had started on August 11, 2011 at 22.67 and reached 277.61 on September 14, 2018. ADBE gained -254.94 points, or -1124.57%, in 370 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (124.95) 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 medium-term trend.

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

The weekly MACD line is below its signal line since June 29, 2018. Use the following link to access a MACD help.

Short-term trend: [See ADBE short-term trend chart]
A short-term uptrend had started on December 24, 2018 at 204.95 and reached 239.31 on January 11, 2019. ADBE gained -34.36 points, or -16.77%, in 18 days. The price is now at the 5.12% retracement level.

Daily Technical Indicators: [See ADBE 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 January 3, 2019. This is an indication that the short-term trend is up.

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.

During the last week, the price has advanced above the 50 Day Moving Average. Such crossover is considered a bullish 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) 63.23
Williams' Percentage Range (W%R) 34.10
Lane's Stochastic (%D-Slow) 92.05
Strong Overbought
Greed/Fear Indicator (GFI) 73.74
Moving Average Converg./Diverg. (MACD) -2.98
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 41.20
Williams' Percentage Range (W%R) 57.70
Lane's Stochastic (%D-Slow) 41.84
Greed/Fear Indicator (GFI) 44.70
Moving Average Converg./Diverg. (MACD) 1.10
Trading Signals
Description Value Chart
Monthly Trendline Resistance 252.74
Upper Bollinger Band 249.38
Daily Stochastic Crossing 237.64
Price 237.55
50 Day Moving Average 234.72
20 Day Moving Average 225.98
Weekly Stochastic Crossing 225.36
Parabolic System 221.86
Lower Bollinger Band 210.87
Monthly Trendline Support 203.82
Sector and Industry
Description Name Rank
Sector Technology 6
Industry Application Software 145
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 215.15
Low Date 01/03/2019
High 239.31
High Date 01/11/2019
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 204.95
Low Date 12/24/2018
High 239.31
High Date 01/11/2019
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Valid
Resistance 252.74
Support 203.82
High 277.61
High Date 09/14/2018
Low 204.95
Low Date 12/24/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 129.53
Support 124.95
Low 22.67
Low Date 08/11/2011
High 277.61
High Date 09/14/2018
Description Value
Direction Up
Chart Pattern Symmetric Triangle
Status Broken Resistance
Resistance 23.87
Support 49.02
Low 15.70
Low Date 02/27/2009
High 277.61
High Date 09/14/2018
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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