The Greedy Trader Weekly Analysis
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Daily RSI:> 80
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Relative Strength Index (RSI Indicator)

The Relative Strength Index is a popular momentum oscillator, developed by Welles Wilder, Jr. It is one of the most widely used technical indicators. Relative Strength Index compares upward vs. downward movements in closing over a selected period. The RSI Indicator fluctuates from 0% to 100%. A stock with RSI Indicator higher than 70% is considered overbought and lower than 30% - oversold. A good rule is to adjust overbought/oversold index range to 80% in bull and to 20% in bear markets. Relative Strength Index can provide an early warning, but not the final signal. It should be used in conjunction with other stock picking techniques. The divergence between RSI Indicator and underlying stock price is the most important signal provided by RSI, and it can be an indication of an impending reversal. Using the RSI divergence (bullish and bearish), chart patterns, trendlines, support, and resistance lines along with the RSI Indicator chart can be very useful.

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- 4/26/2024 -
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Crown Castle Intl Corp (CCI) Technical Analysis

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Summary:
Weekly :Williams' Percentage Range and Lane's Stochastic are oversoldBroken trend support line
Daily :Williams' Percentage Range is oversoldStochastic signal line moved above oversold areaDaily  MACD line has moved above its signal lineThe price has risen above the Parabolic SARTrend resistance at 93.51
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It was the negative week for the Crown Castle Intl Corp (CCI). During the week, the CCI dropped -1.62 points, or -1.70%, and closed at 93.58 on Friday, April 26, 2024. CCI was trading at average weekly trading volume.

Long-term trend: [See CCI long-term trend chart]
A long-term downtrend had started on December 31, 2021 at 209.87 and reached 84.72 on October 23, 2023. CCI lost 125.15 points, or 59.63%, in 94 weeks. The chart has formed a Falling Channel chart pattern. The trend support level is at 56.93 and resistance is at 104.06. A Falling 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 Falling Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Falling Channel pattern in a long-term trend.

Medium-term trend: [See CCI medium-term trend chart]
A medium-term uptrend had started on October 23, 2023 at 84.72 and reached 119.50 on December 5, 2023. CCI gained -34.78 points, or -41.05%, in 6 weeks. The chart has formed a Symmetric Triangle chart pattern. The uptrend support line (115.77) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. CCI may retest the broken support line. It is considered to be a resistance line now. 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 CCI weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are strongly oversold. Use the Technical Stock Screener to see the list of stocks with weekly strongly oversold 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 and Williams' Percentage Range help.

The weekly MACD line is below its signal line since March 22, 2024. Use the following link to access a MACD help.

Short-term trend: [See CCI short-term trend chart]
A short-term downtrend had started on March 5, 2024 at 114.75 and reached 92.48 on April 18, 2024. CCI lost 22.27 points, or 19.41%, in 44 days. The chart has formed a Falling Channel chart pattern. The price is near the trend resistance line (93.51). 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 short-term trend.

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

During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.

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) 28.41
Williams' Percentage Range (W%R) 85.70
Oversold
Lane's Stochastic (%D-Slow) 40.86
Greed/Fear Indicator (GFI) 27.86
Moving Average Converg./Diverg. (MACD) -2.90
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 26.99
Williams' Percentage Range (W%R) 93.00
Strong Oversold
Lane's Stochastic (%D-Slow) 8.63
Strong Oversold
Greed/Fear Indicator (GFI) 18.53
Oversold
Moving Average Converg./Diverg. (MACD) -0.97
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 111.87
Upper Bollinger Band 104.54
Yearly Trendline Resistance 104.06
50 Day Moving Average 103.69
20 Day Moving Average 97.55
Daily Stochastic Crossing 94.19
Weekly Stochastic Crossing 94.11
Price 93.58
Weekly Trendline Resistance 93.51
Parabolic System 92.62
Lower Bollinger Band 90.65
Weekly Trendline Support 88.94
Sector and Industry
Description Name Rank
Sector Real Estate 3
Industry Specialized REITs 13
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 92.48
Low Date 04/18/2024
High 96.30
High Date 04/23/2024
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Falling Channel
Status Test Resistance
Resistance 93.51
Support 88.94
High 114.75
High Date 03/05/2024
Low 92.48
Low Date 04/18/2024
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 119.50
High Date 12/05/2023
Low 92.48
Low Date 04/18/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Symmetric Triangle
Status Broken Support
Resistance 111.87
Support 115.77
Low 84.72
Low Date 10/23/2023
High 119.50
High Date 12/05/2023
Description Value
Direction Down
Chart Pattern Falling Channel
Status Valid
Resistance 104.06
Support 56.93
High 209.87
High Date 12/31/2021
Low 84.72
Low Date 10/23/2023
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.