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

Archive
- 3/15/2024 -
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Moody's Corp (MCO) Technical Analysis

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Summary:
Weekly :Overbought sector
Daily :Price has crossed below the 50 Day Moving AverageBullish Meeting Lines CandlestickThe price has declined below the moving average in the center of the Bollinger BandsThe Bollinger Bands are historically close together
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It was the negative week for the Moody's Corp (MCO). During the week, the MCO gave back -2.85 points, or -0.74%, and closed at 384.16 on Friday, March 15, 2024. Weekly volume was -39% below average.

MCO is a member of Financials Sector. Financials 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 MCO long-term trend chart]
A long-term uptrend had started on October 13, 2022 at 230.16 and reached 407.62 on February 12, 2024. MCO gained -177.46 points, or -77.10%, in 69 weeks. The price is now at the 13.22% retracement level.

Medium-term trend: [See MCO medium-term trend chart]
A medium-term downtrend had started on February 12, 2024 at 407.62 and reached 363.49 on February 14, 2024. MCO lost 44.13 points, or 10.83%, in 0 weeks. The price is now at the 46.84% retracement level.

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

The weekly MACD line is below its signal line since February 23, 2024. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term downtrend is getting stronger. Use the following link to access a MACD help.

Short-term trend: [See MCO short-term trend chart]
A short-term uptrend had started on February 14, 2024 at 363.49 and reached 394.48 on March 7, 2024. MCO gained -30.99 points, or -8.53%, in 22 days. The chart has formed a Rising Wedge chart pattern.

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

The daily MACD line is above its signal line since March 4, 2024. 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 declined below the moving average in the center of the Bollinger Bands. The distance between the Bollinger Bands (5.34%) is close to one year low (4.97%). It indicates the period of low volatility of the stock price, and it is considered a buy signal for the option traders. 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.

During the last week, the price has crossed below the 50 Day Moving Average. Such crossover is considered a bearish signal. 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.

Candlestick pattern: [See MCO candlestick chart pattern]
On Friday the chart has formed a Bullish Meeting Lines Candlestick pattern. This pattern appears during a decline, and it is a sign that a potential bullish reversal is in play. The reliability of the Bullish Meeting Lines Candlestick pattern is medium. Use the Technical Stock Screener to see the list of stocks that had a Bullish Meeting Lines Candlestick pattern during the last week.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 55.86
Williams' Percentage Range (W%R) 60.10
Lane's Stochastic (%D-Slow) 50.03
Greed/Fear Indicator (GFI) 48.60
Moving Average Converg./Diverg. (MACD) 0.06
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 53.63
Williams' Percentage Range (W%R) 26.60
Lane's Stochastic (%D-Slow) 43.26
Greed/Fear Indicator (GFI) 55.04
Moving Average Converg./Diverg. (MACD) 14.72
Trading Signals
Description Value Chart
Upper Bollinger Band 395.18
Daily Stochastic Crossing 386.76
50 Day Moving Average 385.16
Price 384.16
Weekly Stochastic Crossing 382.57
20 Day Moving Average 382.57
Parabolic System 376.84
Lower Bollinger Band 374.65
Sector and Industry
Description Name Rank
Sector Financials 11
Industry Financial Exchanges & Data 32
Daily Trend
Description Value
Direction Up
Chart Pattern Rising Wedge
Low 363.49
Low Date 02/14/2024
High 394.48
High Date 03/07/2024
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 407.62
High Date 02/12/2024
Low 363.49
Low Date 02/14/2024
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 298.86
Low Date 10/30/2023
High 407.62
High Date 02/12/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 230.16
Low Date 10/13/2022
High 407.62
High Date 02/12/2024
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 407.94
High Date 11/01/2021
Low 230.16
Low Date 10/13/2022
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.