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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
Archive
- 6/8/2018
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Intuit, Inc.
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Summary:
Weekly :Overbought sectorBroken uptrend resistance line - uptrend exhaustionBroken uptrend resistance line - uptrend exhaustionWilliams' Percentage Range and Lane's Stochastic are strongly overbought
Daily :Broken uptrend resistance line - uptrend exhaustionWilliams' Percentage Range is overboughtLane's Stochastic is strongly overboughtStochastic has declined below the signal line
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It was a third consecutive positive week for the Intuit, Inc. (INTU). During the week, the INTU gained 2.18 points, or 1.07%, and closed at 206.26 on Friday, June 08, 2018. INTU was trading at average weekly trading volume.

INTU 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 INTU long-term trend chart]
A long-term uptrend had started on February 28, 1997 at 3.48 and reached 209.54 on June 6, 2018. INTU gained -206.06 points, or -5921.26%, in 1109 weeks. The chart has formed a Symmetric Triangle chart pattern. The uptrend resistance line (48.24) 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 INTU medium-term trend chart]
A medium-term uptrend had started on December 1, 2008 at 20.18 and reached 209.54 on June 6, 2018. INTU gained -189.36 points, or -938.35%, in 496 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The uptrend resistance line (103.27) 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 INTU weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought Williams' Percentage Range and 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 links to access Lane's Stochastic and Williams' Percentage Range help.

The weekly MACD line is above its signal line since April 20, 2018. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current medium-term uptrend is strong. Use the following link to access a MACD help.

Short-term trend: [See INTU short-term trend chart]
A short-term uptrend had started on November 9, 2016 at 103.22 and reached 209.54 on June 6, 2018. INTU gained -106.32 points, or -103.00%, in 574 days. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (175.74) 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 short-term trend.

Daily Technical Indicators: [See INTU daily technical indicators chart]
Daily 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 daily Williams' Percentage Range or strongly 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 23, 2018. This is an indication that the short-term trend is up.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 79.46
Williams' Percentage Range (W%R) 15.40
Overbought
Lane's Stochastic (%D-Slow) 90.64
Strong Overbought
Greed/Fear Indicator (GFI) 84.90
Overbought
Moving Average Converg./Diverg. (MACD) 5.32
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 75.45
Williams' Percentage Range (W%R) 5.80
Strong Overbought
Lane's Stochastic (%D-Slow) 92.01
Strong Overbought
Greed/Fear Indicator (GFI) 82.72
Overbought
Moving Average Converg./Diverg. (MACD) 9.37
Trading Signals
Description Value Chart
Upper Bollinger Band 212.35
Daily Stochastic Crossing 208.19
Price 206.26
Weekly Stochastic Crossing 206.10
Parabolic System 203.88
20 Day Moving Average 198.07
Weekly Trendline Resistance 187.05
50 Day Moving Average 186.96
Lower Bollinger Band 185.41
Weekly Trendline Support 175.74
Sector and Industry
Description Name Rank
Sector Technology 9
Industry Application Software 138
Daily Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Low 130.26
Low Date 07/06/2017
High 209.54
High Date 06/06/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 187.05
Support 175.74
Low 103.22
Low Date 11/09/2016
High 209.54
High Date 06/06/2018
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 151.60
Support 126.54
Low 79.63
Low Date 08/25/2015
High 209.54
High Date 06/06/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Broken Resistance
Resistance 149.09
Support 103.27
Low 20.18
Low Date 12/01/2008
High 209.54
High Date 06/06/2018
Description Value
Direction Up
Chart Pattern Symmetric Triangle
Status Broken Resistance
Resistance 19.39
Support 48.24
Low 3.48
Low Date 02/28/1997
High 209.54
High Date 06/06/2018
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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