The Greedy Trader Weekly Analysis
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Number of records: 9
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Downtrend Resistance
Downtrend Resistance 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. Downtrend Resistance stock alert indicates that price is near long-term resistance trendline and probability of short-term trend reversal is high.

The strategy is based on selling long (or taking short) position on downtrend testing resistance. The strategy has low to medium risk and average reword.
Technical analysis of stock trend chart following long term trend analysis and trend following indicator for downtrend resistance trend trading. Stock trend chart - following long term trend and downtrend resistance.
trend trading,trend following,stock trend chart,technical analysis of stock trend,trend following indicator,following long term trend,downtrend resistance
DIAMONDS Trust, Series 1
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Summary:
Weekly :Relative Strength Index and Lane's Stochastic are overboughtWilliams' Percentage Range is strongly overbought
Daily :Williams' Percentage Range is strongly overboughtStochastic signal line moved below overbought area
Move cursor over the icon to see details.

It was the negative week for the DIAMONDS Trust, Series 1 (DIA). During the week, the DIA gave back -0.08 points, or -0.03%, and closed at 264.07 on Friday, April 12, 2019. Weekly volume was -24% below average.

Long-term trend: [See DIA long-term trend chart]
A long-term downtrend had started on October 3, 2018 at 269.28 and reached 216.97 on December 26, 2018. DIA lost 52.31 points, or 19.43%, in 12 weeks. The price is now at the 90.04% retracement level.

Medium-term trend: [See DIA medium-term trend chart]
A medium-term uptrend had started on December 26, 2018 at 216.97 and reached 264.83 on April 5, 2019. DIA gained -47.86 points, or -22.06%, in 14 weeks. Price is near the trend high.

Weekly Technical Indicators: [See DIA weekly technical indicators chart]
Weekly Relative Strength Index and Lane's Stochastic are overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Relative Strength Index and Lane's Stochastic or strongly overbought weekly Williams' Percentage Range. 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 February 1, 2019. This is an indication that the medium-term trend is up. Use the following link to access a MACD help.

Short-term trend: [See DIA short-term trend chart]
A short-term uptrend had started on March 11, 2019 at 252.46 and reached 264.83 on April 5, 2019. DIA gained -12.37 points, or -4.90%, in 25 days. The chart has formed a Broadening Ascending Wedge chart pattern.

Daily Technical Indicators: [See DIA daily technical indicators chart]
Daily Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought daily overbought Williams' Percentage Range. During the last week, daily Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish signal.

The daily MACD line is above its signal line since March 29, 2019. 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 76.82
Williams' Percentage Range (W%R) 8.50
Strong Overbought
Lane's Stochastic (%D-Slow) 61.20
Greed/Fear Indicator (GFI) 76.50
Moving Average Converg./Diverg. (MACD) 1.65
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 81.08
Overbought
Williams' Percentage Range (W%R) 2.00
Strong Overbought
Lane's Stochastic (%D-Slow) 82.86
Overbought
Greed/Fear Indicator (GFI) 81.61
Overbought
Moving Average Converg./Diverg. (MACD) 1.22
Trading Signals
Description Value Chart
Upper Bollinger Band 266.33
Price 264.07
Daily Stochastic Crossing 262.93
Weekly Stochastic Crossing 262.76
20 Day Moving Average 259.97
Parabolic System 259.21
50 Day Moving Average 257.90
Lower Bollinger Band 254.52
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Low 252.46
Low Date 03/11/2019
High 264.83
High Date 04/05/2019
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 216.97
Low Date 12/26/2018
High 264.83
High Date 04/05/2019
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 269.28
High Date 10/03/2018
Low 216.97
Low Date 12/26/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 150.57
Low Date 08/24/2015
High 269.28
High Date 10/03/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 64.78
Low Date 03/06/2009
High 269.28
High Date 10/03/2018
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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