The Greedy Trader Weekly Analysis
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Number of records: 7
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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
Archive
- 2/8/2019
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DIAMONDS Trust, Series 1
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Summary:
Weekly :Broken trend support lineWeekly  MACD line has moved above its signal lineTrend resistance at 248.17
Daily :Lane's Stochastic is overbought
Move cursor over the icon to see details.

It was a seventh positive week after 3 consecutive negative weeks for the DIAMONDS Trust, Series 1 (DIA). During the week, the DIA climbed 0.84 points, or 0.34%, and closed at 251.32 on Friday, February 8, 2019. Weekly volume was -44% 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 chart has formed a Broadening Descending Wedge chart pattern. The price is near the trend resistance line (248.17). The resistance is usually stronger when technical indicators are overbought. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend resistance line in a long-term trend.

Medium-term trend: [See DIA medium-term trend chart]
A medium-term uptrend had started on December 26, 2018 at 216.97 and reached 254.35 on February 6, 2019. DIA gained -37.38 points, or -17.23%, in 6 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend support line (268.73) is broken. A broken support is considered to be a long-term bearish signal. 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 support in a medium-term trend.

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

During the last week, weekly MACD line has moved above its signal line. Such crossover is considered a bullish signal. Use the following link to access a MACD help.

Short-term trend: [See DIA short-term trend chart]
A short-term downtrend had started on February 6, 2019 at 254.35 and reached 249.13 on February 8, 2019. DIA lost 5.22 points, or 2.05%, in 2 days. The price is now at the 41.95% retracement level.

Daily Technical Indicators: [See DIA daily technical indicators chart]
Daily Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily 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 link to access Lane's Stochastic help.

The daily MACD line is above its signal line since January 3, 2019. The distance between MACD and the signal line is low and getting smaller.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 60.24
Williams' Percentage Range (W%R) 23.00
Lane's Stochastic (%D-Slow) 87.83
Overbought
Greed/Fear Indicator (GFI) 75.03
Moving Average Converg./Diverg. (MACD) 2.87
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 49.41
Williams' Percentage Range (W%R) 35.90
Lane's Stochastic (%D-Slow) 64.00
Greed/Fear Indicator (GFI) 58.41
Moving Average Converg./Diverg. (MACD) -2.09
Trading Signals
Description Value Chart
Weekly Trendline Support 268.73
Upper Bollinger Band 256.33
Weekly Trendline Resistance 256.12
Daily Stochastic Crossing 253.36
Price 251.32
Monthly Trendline Resistance 248.17
Parabolic System 248.07
20 Day Moving Average 246.98
Weekly Stochastic Crossing 242.74
50 Day Moving Average 242.49
Lower Bollinger Band 238.20
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 254.35
High Date 02/06/2019
Low 249.13
Low Date 02/08/2019
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Support
Resistance 256.12
Support 268.73
Low 216.97
Low Date 12/26/2018
High 254.35
High Date 02/06/2019
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Test Resistance
Resistance 248.17
Support 198.45
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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