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 :Broken trend resistance lineBroken trend resistance line
Daily :A Parabolic SAR indicator is below and near the priceTrend support at 254.67Price is close to the 50 Day Moving Average
Move cursor over the icon to see details.

It was a first positive week after 3 consecutive negative weeks for the Adobe Systems (ADBE). During the week, the ADBE climbed 0.42 points, or 0.17%, and closed at 253.70 on Friday, August 10, 2018. Weekly volume was -36% below average.

Long-term trend: [See ADBE long-term trend chart]
A long-term uptrend had started on February 27, 2009 at 15.70 and reached 263.83 on July 26, 2018. ADBE gained -248.13 points, or -1580.45%, in 490 weeks. The chart has formed a Symmetric Triangle chart pattern. The uptrend resistance line (47.66) 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 263.83 on July 26, 2018. ADBE gained -241.16 points, or -1063.78%, in 363 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (110.19) 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 5, 2017 at 165.68 and reached 263.83 on July 26, 2018. ADBE gained -98.15 points, or -59.24%, in 233 days. The chart has formed a Rising Channel chart pattern. The price is near the trend support (254.67) line. The support is usually stronger when technical indicators are oversold. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend support line in a short-term trend.

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

The daily MACD line is below its signal line since July 27, 2018. The distance between MACD and the signal line is low and getting smaller.

A Parabolic SAR (stop and reversal) indicator (255.61) comes close to the price (253.70). It indicates that the trend is getting weaker. 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.

Price is close to the 50 Day Moving Average. 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) 43.06
Williams' Percentage Range (W%R) 49.80
Lane's Stochastic (%D-Slow) 69.83
Greed/Fear Indicator (GFI) 54.35
Moving Average Converg./Diverg. (MACD) 1.05
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 71.00
Williams' Percentage Range (W%R) 20.90
Lane's Stochastic (%D-Slow) 72.25
Greed/Fear Indicator (GFI) 68.84
Moving Average Converg./Diverg. (MACD) 16.37
Trading Signals
Description Value Chart
Weekly Trendline Resistance 277.53
Upper Bollinger Band 263.08
Weekly Stochastic Crossing 255.73
Parabolic System 255.61
20 Day Moving Average 254.71
Weekly Trendline Support 254.67
Price 253.70
Daily Stochastic Crossing 252.59
50 Day Moving Average 251.32
Lower Bollinger Band 242.65
Monthly Trendline Resistance 215.97
Monthly Trendline Support 210.47
Sector and Industry
Description Name Rank
Sector Technology 6
Industry Application Software 125
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 263.83
High Date 07/26/2018
Low 240.10
Low Date 07/30/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Test Support
Resistance 277.53
Support 254.67
Low 165.68
Low Date 12/05/2017
High 263.83
High Date 07/26/2018
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 215.97
Support 210.47
Low 71.27
Low Date 02/08/2016
High 263.83
High Date 07/26/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 123.67
Support 110.19
Low 22.67
Low Date 08/11/2011
High 263.83
High Date 07/26/2018
Description Value
Direction Up
Chart Pattern Symmetric Triangle
Status Broken Resistance
Resistance 24.53
Support 47.66
Low 15.70
Low Date 02/27/2009
High 263.83
High Date 07/26/2018
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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