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
DIAMONDS Trust, Series 1
Subscribe to TheGreedyTrader Weekly Alerts
Summary:
Weekly :Broken trend resistance line
Daily :The price has risen above the Parabolic SARThe price moved above the moving average in the center of the Bollinger Bands
Move cursor over the icon to see details.

It was a first positive week for the DIAMONDS Trust, Series 1 (DIA). During the week, the DIA gained 4.41 points, or 1.84%, and closed at 243.54 on Friday, April 13, 2018. Weekly volume was 41% above average.

Long-term trend: [See DIA long-term trend chart]
A long-term uptrend had started on March 6, 2009 at 64.78 and reached 265.93 on January 26, 2018. DIA gained -201.15 points, or -310.51%, in 464 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (188.15) 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 DIA medium-term trend chart]
A medium-term uptrend had started on August 24, 2015 at 150.57 and reached 265.93 on January 26, 2018. DIA gained -115.36 points, or -76.62%, in 126 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 175.37 and resistance is at 274.09. A Broadening Ascending 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 Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a medium-term trend.

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

The weekly MACD line is below its signal line since February 9, 2018. The distance between MACD and the signal line is near its high, but getting smaller. Use the following link to access a MACD help.

Short-term trend: [See DIA short-term trend chart]
A short-term downtrend had started on February 27, 2018 at 257.86 and reached 233.20 on April 2, 2018. DIA lost 24.66 points, or 9.56%, in 34 days. The chart has formed a Falling Channel chart pattern. The trend support level is at 230.75 and resistance is at 245.11. A Falling Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Falling Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Falling Channel pattern in a short-term trend.

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

The daily MACD line is above its signal line since April 4, 2018. The distance between MACD and the signal line is low, but getting bigger.

During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward 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.

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) 59.50
Williams' Percentage Range (W%R) 21.90
Lane's Stochastic (%D-Slow) 73.32
Greed/Fear Indicator (GFI) 70.30
Moving Average Converg./Diverg. (MACD) -1.98
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 45.18
Williams' Percentage Range (W%R) 59.60
Lane's Stochastic (%D-Slow) 33.55
Greed/Fear Indicator (GFI) 39.53
Moving Average Converg./Diverg. (MACD) 6.49
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 274.09
Upper Bollinger Band 250.49
50 Day Moving Average 246.48
Weekly Trendline Resistance 245.11
Daily Stochastic Crossing 244.04
Price 243.54
20 Day Moving Average 241.99
Weekly Stochastic Crossing 240.33
Lower Bollinger Band 235.81
Parabolic System 234.48
Weekly Trendline Support 230.75
Yearly Trendline Resistance 220.96
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Rising Pennant
Low 233.20
Low Date 04/02/2018
High 246.46
High Date 04/13/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Falling Channel
Status Valid
Resistance 245.11
Support 230.75
High 257.86
High Date 02/27/2018
Low 233.20
Low Date 04/02/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 265.93
High Date 01/26/2018
Low 233.20
Low Date 04/02/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 274.09
Support 175.37
Low 150.57
Low Date 08/24/2015
High 265.93
High Date 01/26/2018
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 220.96
Support 188.15
Low 64.78
Low Date 03/06/2009
High 265.93
High Date 01/26/2018
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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