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.

Uptrend Exhaustion

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- 3/15/2024 -
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Brown-Form (BF.B) Technical Analysis

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Summary:
Weekly :Williams' Percentage Range is oversold
Daily :Williams' Percentage Range and Lane's Stochastic are oversoldBullish Piercing Line Candlestick
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It was the negative week for the Brown-Form (BF.B). During the week, the BF.B dropped -0.70 points, or -1.29%, and closed at 53.72 on Friday, March 15, 2024. Weekly volume was 13% above average.

Long-term trend: [See BF.B long-term trend chart]
A long-term downtrend had started on August 17, 2022 at 78.15 and reached 52.59 on October 12, 2023. BF.B lost 25.56 points, or 32.71%, in 60 weeks. Price is near the trend low.

Medium-term trend: [See BF.B medium-term trend chart]
A medium-term downtrend had started on August 2, 2023 at 71.27 and reached 52.59 on October 12, 2023. BF.B lost 18.68 points, or 26.21%, in 10 weeks. The chart has formed a Symmetric Triangle chart pattern. The trend support level is at 54.46 and resistance is at 52.50. A Symmetric Triangle pattern represents the area of indecision, where the movement direction is questioned. Chart pattern analysis usually considers a symmetric triangle chart pattern as a continuation formation which resolves in the direction of larger trend, but it also may mark the trend reversal. Use the following link to access a Symmetric Triangle chart pattern help, or use a Technical Stock Screener to see the list of stocks with Symmetric Triangle pattern in a medium-term trend.

Weekly Technical Indicators: [See BF.B weekly technical indicators chart]
Weekly Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with weekly strongly oversold Williams' Percentage Range. 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 Williams' Percentage Range help.

The weekly MACD line is above its signal line since January 26, 2024. The distance between MACD and the signal line is low and getting smaller. Use the following link to access a MACD help.

Short-term trend: [See BF.B short-term trend chart]
A short-term downtrend had started on March 5, 2024 at 60.97 and reached 52.76 on March 15, 2024. BF.B lost 8.21 points, or 13.47%, in 10 days. The price is now at the 11.69% retracement level.

Daily Technical Indicators: [See BF.B daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are strongly oversold. Use the Technical Stock Screener to see the list of stocks with daily strongly oversold Williams' Percentage Range and Lane's Stochastic. Use the following link to access Lane's Stochastic help.

The daily MACD line is below its signal line since March 6, 2024. This is an indication that the short-term trend is down. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current short-term downtrend is strong.

Candlestick pattern: [See BF.B candlestick chart pattern]
On Friday the chart has formed a Bullish Piercing Line Candlestick pattern. This pattern suggests bulls have begun to take charge of the market, and shorts have been shaken by the sudden lost of bearish momentum. The reliability of the Bullish Piercing Line pattern is moderate. Use the Technical Stock Screener to see the list of stocks that had a Bullish Piercing Line Candlestick pattern during the last week.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 37.72
Williams' Percentage Range (W%R) 100.00
Strong Oversold
Lane's Stochastic (%D-Slow) 8.35
Strong Oversold
Greed/Fear Indicator (GFI) 15.36
Oversold
Moving Average Converg./Diverg. (MACD) -0.26
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 46.73
Williams' Percentage Range (W%R) 100.00
Strong Oversold
Lane's Stochastic (%D-Slow) 57.55
Greed/Fear Indicator (GFI) 33.97
Moving Average Converg./Diverg. (MACD) -1.67
Trading Signals
Description Value Chart
Upper Bollinger Band 60.91
Parabolic System 58.26
Weekly Stochastic Crossing 57.32
20 Day Moving Average 57.06
50 Day Moving Average 56.38
Quarterly Trendline Support 54.46
Price 53.72
Daily Stochastic Crossing 53.03
Quarterly Trendline Resistance 52.50
Lower Bollinger Band 51.50
Sector and Industry
Description Name Rank
Sector Consumer Staples 4
Industry Distillers & Vintners 65
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 60.97
High Date 03/05/2024
Low 52.76
Low Date 03/15/2024
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 60.97
High Date 03/05/2024
Low 52.76
Low Date 03/15/2024
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 53.26
Low Date 12/06/2023
High 60.97
High Date 03/05/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Symmetric Triangle
Status Valid
Resistance 52.50
Support 54.46
High 71.27
High Date 08/02/2023
Low 52.59
Low Date 10/12/2023
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 78.15
High Date 08/17/2022
Low 52.59
Low Date 10/12/2023
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.