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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- 4/5/2024 -
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Microsoft Corp. (MSFT) Technical Analysis

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Summary:
Weekly :Overbought sectorWilliams' Percentage Range is overboughtStochastic signal line moved below overbought area
Daily :The price has fallen below the Parabolic SAR
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It was a first positive week for the Microsoft Corp. (MSFT). During the week, the MSFT gained 4.80 points, or 1.14%, and closed at 425.52 on Friday, April 5, 2024. Weekly volume was -30% below average.

MSFT is a member of Information Technology Sector. Information Technology is the second 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 MSFT long-term trend chart]
A long-term uptrend had started on November 4, 2022 at 213.43 and reached 430.82 on March 21, 2024. MSFT gained -217.39 points, or -101.86%, in 71 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 366.42 and resistance is at 493.43. 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 long-term trend.

Medium-term trend: [See MSFT medium-term trend chart]
A medium-term uptrend had started on September 28, 2023 at 309.45 and reached 430.82 on March 21, 2024. MSFT gained -121.37 points, or -39.22%, in 25 weeks. Price is near the trend high.

Weekly Technical Indicators: [See MSFT weekly technical indicators chart]
Weekly Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range. During the last week, weekly Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish signal. 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 November 3, 2023. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term uptrend is getting weak. Use the following link to access a MACD help.

Short-term trend: [See MSFT short-term trend chart]
A short-term uptrend had started on February 21, 2024 at 397.22 and reached 430.82 on March 21, 2024. MSFT gained -33.60 points, or -8.46%, in 29 days. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 400.85 and resistance is at 441.18. 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 short-term trend.

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

The daily MACD line is below its signal line since March 27, 2024. The distance between MACD and the signal line is low, but getting bigger.

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

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 61.44
Williams' Percentage Range (W%R) 36.60
Lane's Stochastic (%D-Slow) 36.21
Greed/Fear Indicator (GFI) 53.68
Moving Average Converg./Diverg. (MACD) 4.02
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 68.51
Williams' Percentage Range (W%R) 15.50
Overbought
Lane's Stochastic (%D-Slow) 79.66
Greed/Fear Indicator (GFI) 75.00
Moving Average Converg./Diverg. (MACD) 20.91
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 493.43
Weekly Trendline Resistance 441.18
Upper Bollinger Band 431.90
Parabolic System 429.93
Price 425.52
Weekly Stochastic Crossing 424.13
Daily Stochastic Crossing 420.96
20 Day Moving Average 420.07
50 Day Moving Average 413.00
Lower Bollinger Band 406.79
Weekly Trendline Support 400.85
Quarterly Trendline Support 366.42
Sector and Industry
Description Name Rank
Sector Information Technology 8
Industry Application Software 49
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 430.82
High Date 03/21/2024
Low 417.57
Low Date 04/04/2024
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 441.18
Support 400.85
Low 397.22
Low Date 02/21/2024
High 430.82
High Date 03/21/2024
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 309.45
Low Date 09/28/2023
High 430.82
High Date 03/21/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 493.43
Support 366.42
Low 213.43
Low Date 11/04/2022
High 430.82
High Date 03/21/2024
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 14.87
Low Date 03/06/2009
High 430.82
High Date 03/21/2024
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.