The Greedy Trader Weekly Analysis
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Downtrend Broken Resistance

Downtrend Broken 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. Downtrend broken resistance stock market alert is a trend trading warning signal. It is a confirmation that long term downtrend reversal is completed and a new uptrend is establiched.

Unlike other alerts, broken resistance is not a buy/sell signal. It is rather warning signal that trend direction has changed. For entry point it is usually better to wait for pull back and retest of resistance line. This point is considered as a second chance to participate in downtrend reversal.

Downtrend Broken Resist.

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- 11/8/2024 -
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Church & Dwight (CHD) Technical Analysis

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Summary:
Weekly :Oversold sectorBroken trend resistance line
Daily :Broken trend resistance lineDaily  MACD line has moved above its signal lineThe price has risen above the Parabolic SARThe price is above the upper Bollinger Band
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It was a second consecutive positive week for the Church & Dwight (CHD). During the week, the CHD gained 1.70 points, or 1.62%, and closed at 106.50 on Friday, November 8, 2024. Weekly volume was 50% above average.

CHD is a member of Consumer Staples Sector. Consumer Staples is the most oversold sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.

Long-term trend: [See CHD long-term trend chart]
A long-term uptrend had started on October 10, 2022 at 70.16 and reached 110.31 on June 18, 2024. CHD gained -40.15 points, or -57.23%, in 88 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 92.11 and resistance is at 114.39. 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 long-term trend.

Medium-term trend: [See CHD medium-term trend chart]
A medium-term downtrend had started on June 18, 2024 at 110.31 and reached 96.35 on August 2, 2024. CHD lost 13.96 points, or 12.66%, in 6 weeks. The chart has formed a Symmetric Triangle chart pattern. The downtrend resistance line (99.77) 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 medium-term trend.

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

The weekly MACD line is below its signal line since June 21, 2024. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term downtrend is getting weak. Use the following link to access a MACD help.

Short-term trend: [See CHD short-term trend chart]
A short-term uptrend had started on August 2, 2024 at 96.35 and reached 107.00 on November 8, 2024. CHD gained -10.65 points, or -11.05%, in 98 days. The chart has formed a Symmetric Triangle chart pattern. The uptrend resistance line (100.04) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. 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 short-term trend.

Daily Technical Indicators: [See CHD daily technical indicators chart]
Daily technical indicators are neutral.

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.

The price has closed on Friday above the upper Bollinger Band. It is considered a bullish signal. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 57.83
Williams' Percentage Range (W%R) 33.50
Lane's Stochastic (%D-Slow) 66.08
Greed/Fear Indicator (GFI) 63.48
Moving Average Converg./Diverg. (MACD) 0.02
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 63.16
Williams' Percentage Range (W%R) 40.70
Lane's Stochastic (%D-Slow) 48.68
Greed/Fear Indicator (GFI) 54.63
Moving Average Converg./Diverg. (MACD) 0.34
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 114.39
Price 106.50
Upper Bollinger Band 106.46
Daily Stochastic Crossing 104.83
Weekly Trendline Resistance 104.67
Monthly Trendline Resistance 103.82
Weekly Stochastic Crossing 103.28
50 Day Moving Average 103.16
20 Day Moving Average 103.08
Parabolic System 102.58
Weekly Trendline Support 100.04
Monthly Trendline Support 99.77
Lower Bollinger Band 99.61
Quarterly Trendline Support 92.11
Sector and Industry
Description Name Rank
Sector Consumer Staples 1
Industry Household Products 35
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 98.63
Low Date 10/08/2024
High 107.00
High Date 11/08/2024
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Symmetric Triangle
Status Broken Resistance
Resistance 104.67
Support 100.04
Low 96.35
Low Date 08/02/2024
High 107.00
High Date 11/08/2024
Description Value
Direction Down
Chart Pattern Symmetric Triangle
Status Broken Resistance
Resistance 103.82
Support 99.77
High 110.31
High Date 06/18/2024
Low 96.35
Low Date 08/02/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 114.39
Support 92.11
Low 70.16
Low Date 10/10/2022
High 110.31
High Date 06/18/2024
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 42.56
Low Date 12/01/2016
High 110.31
High Date 06/18/2024
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.