The Greedy Trader Weekly Analysis
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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
iPath Dow Jones-AIG Commodity Idx TR ETN
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Summary:
Weekly :Lane's Stochastic is overboughtWilliams' Percentage Range is strongly overboughtBroken trend resistance line
Daily :Stochastic signal line moved below overbought area
Move cursor over the icon to see details.

It was a third consecutive positive week for the iPath Dow Jones-AIG Commodity Idx TR ETN (DJP). During the week, the DJP climbed 0.16 points, or 0.67%, and closed at 24.20 on Friday, November 10, 2017. Weekly volume was -50% below average.

Long-term trend: [See DJP long-term trend chart]
A long-term downtrend had started on July 5, 2016 at 25.50 and reached 21.61 on June 22, 2017. DJP lost 3.89 points, or 15.25%, in 50 weeks. The chart has formed a Falling Channel chart pattern. The downtrend resistance line (21.20) is broken. A broken support is considered to be a long-term bullish 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 resistance line in a long-term trend.

Medium-term trend: [See DJP medium-term trend chart]
A medium-term uptrend had started on June 22, 2017 at 21.61 and reached 24.49 on November 6, 2017. DJP gained -2.88 points, or -13.33%, in 19 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 23.55 and resistance is at 24.60. 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 DJP weekly technical indicators chart]
Weekly Lane's Stochastic is overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly 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 and Williams' Percentage Range help.

The weekly MACD line is above its signal line since July 21, 2017. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current medium-term uptrend is strong. Use the following link to access a MACD help.

Short-term trend: [See DJP short-term trend chart]
A short-term downtrend had started on November 6, 2017 at 24.49 and reached 24.13 on November 10, 2017. DJP lost 0.36 points, or 1.47%, in 4 days. The price is now at the 19.44% retracement level.

Daily Technical Indicators: [See DJP daily technical indicators chart]
Daily technical indicators are neutral. 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 October 11, 2017. The distance between MACD and the signal line is low and getting smaller.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 73.50
Williams' Percentage Range (W%R) 25.20
Lane's Stochastic (%D-Slow) 75.61
Greed/Fear Indicator (GFI) 74.62
Moving Average Converg./Diverg. (MACD) 0.19
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 72.85
Williams' Percentage Range (W%R) 9.00
Strong Overbought
Lane's Stochastic (%D-Slow) 84.45
Overbought
Greed/Fear Indicator (GFI) 79.34
Moving Average Converg./Diverg. (MACD) 0.05
Trading Signals
Description Value Chart
Monthly Trendline Resistance 24.62
Quarterly Trendline Resistance 24.60
Upper Bollinger Band 24.45
Daily Stochastic Crossing 24.31
Weekly Stochastic Crossing 24.29
Price 24.20
Monthly Trendline Support 24.08
20 Day Moving Average 23.89
Parabolic System 23.86
Yearly Trendline Resistance 23.82
50 Day Moving Average 23.58
Quarterly Trendline Support 23.55
Lower Bollinger Band 23.37
Yearly Trendline Support 21.20
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 24.49
High Date 11/06/2017
Low 24.13
Low Date 11/10/2017
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 24.49
High Date 11/06/2017
Low 24.13
Low Date 11/10/2017
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 24.62
Support 24.08
Low 22.92
Low Date 10/02/2017
High 24.49
High Date 11/06/2017
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 24.60
Support 23.55
Low 21.61
Low Date 06/22/2017
High 24.49
High Date 11/06/2017
Description Value
Direction Down
Chart Pattern Falling Channel
Status Broken Resistance
Resistance 23.82
Support 21.20
High 25.50
High Date 07/05/2016
Low 21.61
Low Date 06/22/2017
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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