The Greedy Trader Weekly Analysis
Sign In Mar 22, 2024
Skip Navigation Links
Number of records: 6
Share
Symbol:  

• Symbol Lookup
• View Technical Chart
• Add to Watch List
• Candlestick Patterns
• Stock Technical Indicators
• Stock Trends Analysis
• Market Sector Rank
• Stock Trading Signals

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 -
Sign In to see current Signals.

Tractor Supply Company (TSCO) Technical Analysis

Subscribe to TheGreedyTrader Weekly Alerts
Summary:
Weekly :Relative Strength Index is overboughtWilliams' Percentage Range and Lane's Stochastic are strongly overbought
Daily :The price has risen above the Parabolic SAR
Move cursor over the icon to see details.

It was a first positive week for the Tractor Supply Company (TSCO). During the week, the TSCO gained 6.66 points, or 2.66%, and closed at 257.15 on Friday, March 15, 2024. Weekly volume was -6% below average.

Long-term trend: [See TSCO long-term trend chart]
A long-term uptrend had started on July 12, 2017 at 49.87 and reached 259.62 on March 15, 2024. TSCO gained -209.75 points, or -420.59%, in 348 weeks. Price is near the trend high.

Medium-term trend: [See TSCO medium-term trend chart]
A medium-term uptrend had started on October 26, 2023 at 185.00 and reached 259.62 on March 15, 2024. TSCO gained -74.62 points, or -40.34%, in 20 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 246.37 and resistance is at 265.34. A Rising 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 Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern in a medium-term trend.

Weekly Technical Indicators: [See TSCO weekly technical indicators chart]
Weekly Relative Strength Index is overbought while Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Relative Strength Index or strongly overbought weekly 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, Relative Strength Index and Williams' Percentage Range help.

The weekly MACD line is above its signal line since December 1, 2023. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is near its high, but getting smaller. It indicates that the current medium-term uptrend is still strong, and momentum is beginning to wane. Use the following link to access a MACD help.

Short-term trend: [See TSCO short-term trend chart]
A short-term uptrend had started on March 11, 2024 at 246.14 and reached 259.62 on March 15, 2024. TSCO gained -13.48 points, or -5.48%, in 4 days. The price is now at the 18.32% retracement level.

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

The daily MACD line is below its signal line since March 7, 2024. The distance between MACD and the signal line is low and getting smaller.

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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 70.41
Williams' Percentage Range (W%R) 26.60
Lane's Stochastic (%D-Slow) 59.65
Greed/Fear Indicator (GFI) 67.81
Moving Average Converg./Diverg. (MACD) 5.48
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 83.85
Overbought
Williams' Percentage Range (W%R) 9.20
Strong Overbought
Lane's Stochastic (%D-Slow) 91.67
Strong Overbought
Greed/Fear Indicator (GFI) 82.46
Overbought
Moving Average Converg./Diverg. (MACD) 4.61
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 265.34
Upper Bollinger Band 260.38
Price 257.15
Weekly Stochastic Crossing 256.37
Daily Stochastic Crossing 255.22
20 Day Moving Average 247.95
Parabolic System 247.11
Quarterly Trendline Support 246.37
50 Day Moving Average 236.22
Lower Bollinger Band 234.55
Sector and Industry
Description Name Rank
Sector Consumer Discretionary 7
Industry Specialty Stores 110
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 246.14
Low Date 03/11/2024
High 259.62
High Date 03/15/2024
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 246.14
Low Date 03/11/2024
High 259.62
High Date 03/15/2024
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 246.14
Low Date 03/11/2024
High 259.62
High Date 03/15/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 265.34
Support 246.37
Low 185.00
Low Date 10/26/2023
High 259.62
High Date 03/15/2024
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 49.87
Low Date 07/12/2017
High 259.62
High Date 03/15/2024
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.