The Greedy Trader Weekly Analysis
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Number of records: 5
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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 :Overbought sectorBroken uptrend resistance line - uptrend exhaustionBroken uptrend resistance line - uptrend exhaustionWilliams' Percentage Range is overboughtLane's Stochastic is strongly overboughtStochastic has declined below the signal line
Daily :Lane's Stochastic is overboughtStochastic has declined below the signal lineThe price has fallen below the Parabolic SAR
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It was the negative week for the Adobe Systems (ADBE). During the week, the ADBE gave back -0.10 points, or -0.04%, and closed at 251.21 on Friday, June 08, 2018. Weekly volume was 28% above average.

ADBE is a member of Technology Sector. Technology is the most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.

Long-term trend: [See ADBE long-term trend chart]
A long-term uptrend had started on February 27, 2009 at 15.70 and reached 254.72 on June 4, 2018. ADBE gained -239.02 points, or -1522.42%, in 483 weeks. The chart has formed a Symmetric Triangle chart pattern. The uptrend resistance line (47.09) is broken, while daily and weekly technical indicators are overbought. Uptrend is exhausted and trend reversal is possible soon. 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 254.72 on June 4, 2018. ADBE gained -232.05 points, or -1023.60%, in 355 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (107.97) is broken, while daily and weekly technical indicators are overbought. Uptrend is exhausted and trend reversal is possible soon. 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 Williams' Percentage Range is overbought while Lane's Stochastic is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range or strongly overbought weekly Lane's Stochastic. During the last week, weekly Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish signal. 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 and Williams' Percentage Range help.

The weekly MACD line is above its signal line since January 5, 2018. This is an indication that the medium-term trend is up. 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 April 25, 2018 at 213.25 and reached 254.72 on June 4, 2018. ADBE gained -41.47 points, or -19.45%, in 40 days. The price is now at the 8.46% retracement level.

Daily Technical Indicators: [See ADBE daily technical indicators chart]
Daily Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Lane's Stochastic. During the last week, daily Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish signal.

The daily MACD line is above its signal line since May 4, 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 fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward 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) 69.76
Williams' Percentage Range (W%R) 36.20
Lane's Stochastic (%D-Slow) 80.34
Overbought
Greed/Fear Indicator (GFI) 71.30
Moving Average Converg./Diverg. (MACD) 5.69
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 76.92
Williams' Percentage Range (W%R) 10.40
Overbought
Lane's Stochastic (%D-Slow) 92.05
Strong Overbought
Greed/Fear Indicator (GFI) 80.00
Moving Average Converg./Diverg. (MACD) 16.33
Trading Signals
Description Value Chart
Upper Bollinger Band 256.08
Parabolic System 254.76
Daily Stochastic Crossing 252.29
Price 251.21
Weekly Stochastic Crossing 251.17
20 Day Moving Average 244.38
50 Day Moving Average 232.62
Lower Bollinger Band 232.35
Monthly Trendline Resistance 206.26
Sector and Industry
Description Name Rank
Sector Technology 9
Industry Application Software 138
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 213.25
Low Date 04/25/2018
High 254.72
High Date 06/04/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 165.68
Low Date 12/05/2017
High 254.72
High Date 06/04/2018
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 206.26
Support 200.75
Low 71.27
Low Date 02/08/2016
High 254.72
High Date 06/04/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 121.45
Support 107.97
Low 22.67
Low Date 08/11/2011
High 254.72
High Date 06/04/2018
Description Value
Direction Up
Chart Pattern Symmetric Triangle
Status Broken Resistance
Resistance 24.81
Support 47.09
Low 15.70
Low Date 02/27/2009
High 254.72
High Date 06/04/2018
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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