The Greedy Trader Weekly Analysis
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Price vs. Upper Bollinger Band:Crossover
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Bollinger Band crossover - Stock market timing signal.
The Bollinger bands indicator developed by John Bollinger in the early 1980s is one of the most popular and powerful trading tools. These bands are charted two standard deviations away from a simple moving average, and they provide a relative definition of high and low. Bollinger bands trading technique uses one band as an entry point exit of the other. The center band presents a neutral support/resistance level. As with most indicators, signals generated by bollinger band crossover should be confirmed using complimentary indicators.
bollinger bands,bollinger band crossover,stock market timing signal,bollinger band indicator screener

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- 11/1/2019 -
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Dow Jones (^DJI)

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Summary:
Weekly :Williams' Percentage Range is overboughtWeekly  MACD line has moved above its signal line
Daily :Williams' Percentage Range and Lane's Stochastic are overbought
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It was a second consecutive positive week for the Dow Jones (^DJI). During the week, the ^DJI gained 389.30 points, or 1.44%, and closed at 27347.36 on Friday, November 1, 2019. It was the best weekly gain since September 13, 2019. Weekly volume was 1777% above average.

Long-term trend: [See ^DJI long-term trend chart]
A long-term uptrend had started on December 26, 2018 at 21712.53 and reached 27398.68 on July 16, 2019. ^DJI gained -5686.15 points, or -26.19%, in 28 weeks. Price is near the trend high.

Medium-term trend: [See ^DJI medium-term trend chart]
A medium-term uptrend had started on August 15, 2019 at 25339.60 and reached 27347.43 on November 1, 2019. ^DJI gained -2007.83 points, or -7.92%, in 11 weeks. Price is near the trend high.

Weekly Technical Indicators: [See ^DJI 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. 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 Williams' Percentage Range help.

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 ^DJI short-term trend chart]
A short-term uptrend had started on October 3, 2019 at 25743.46 and reached 27347.43 on November 1, 2019. ^DJI gained -1603.97 points, or -6.23%, in 29 days. The chart has formed a Rising Wedge chart pattern.

Daily Technical Indicators: [See ^DJI daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range and Lane's Stochastic. Use the following link to access Lane's Stochastic help.

The daily MACD line is above its signal line since October 14, 2019. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current short-term uptrend is getting stronger.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 67.81
Williams' Percentage Range (W%R) 16.90
Overbought
Lane's Stochastic (%D-Slow) 85.17
Overbought
Greed/Fear Indicator (GFI) 78.68
Moving Average Converg./Diverg. (MACD) 87.57
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 51.66
Williams' Percentage Range (W%R) 12.40
Overbought
Lane's Stochastic (%D-Slow) 71.67
Greed/Fear Indicator (GFI) 71.24
Moving Average Converg./Diverg. (MACD) 254.13
Trading Signals
Description Value Chart
Upper Bollinger Band 27484.18
Price 27347.36
Daily Stochastic Crossing 27256.98
Weekly Stochastic Crossing 26950.20
Parabolic System 26862.03
20 Day Moving Average 26843.37
50 Day Moving Average 26728.11
Lower Bollinger Band 26350.21
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Rising Wedge
Low 25743.46
Low Date 10/03/2019
High 27347.43
High Date 11/01/2019
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 25339.60
Low Date 08/15/2019
High 27347.43
High Date 11/01/2019
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 21712.53
Low Date 12/26/2018
High 27398.68
High Date 07/16/2019
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 15370.33
Low Date 08/24/2015
High 27398.68
High Date 07/16/2019
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 6440.08
Low Date 03/09/2009
High 27398.68
High Date 07/16/2019
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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