The Greedy Trader Weekly Analysis
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- 11/25/2022 -
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DIAMONDS Trust, Series 1 (DIA)

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Summary:
Weekly :Broken trend support lineLane's Stochastic is overboughtWilliams' Percentage Range is strongly overbought
Daily :Williams' Percentage Range and Lane's Stochastic are strongly overboughtMACD bearish divergence
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It was a first positive week for the DIAMONDS Trust, Series 1 (DIA). During the week, the DIA gained 6.15 points, or 1.82%, and closed at 343.52 on Friday, November 25, 2022. Weekly volume was -45% below average.

Long-term trend: [See DIA long-term trend chart]
A long-term downtrend had started on January 5, 2022 at 369.50 and reached 286.62 on October 13, 2022. DIA lost 82.88 points, or 22.43%, in 40 weeks. The price is now at the 68.65% retracement level.

Medium-term trend: [See DIA medium-term trend chart]
A medium-term uptrend had started on October 13, 2022 at 286.62 and reached 343.80 on November 25, 2022. DIA gained -57.18 points, or -19.95%, in 6 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend support line (347.35) 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 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 October 21, 2022. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is near its 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 DIA short-term trend chart]
A short-term uptrend had started on November 17, 2022 at 332.73 and reached 343.80 on November 25, 2022. DIA gained -11.07 points, or -3.33%, in 8 days. Price is near the trend high.

Daily Technical Indicators: [See DIA daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought daily overbought Williams' Percentage Range and Lane's Stochastic. Daily MACD has bearish divergence. Use the following links to access the MACD help, or use the Technical Stock Screener to see the list of stocks with daily MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal.

The daily MACD line is above its signal line since October 4, 2022. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term uptrend is getting weak.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 76.26
Williams' Percentage Range (W%R) 6.40
Strong Overbought
Lane's Stochastic (%D-Slow) 90.19
Strong Overbought
Greed/Fear Indicator (GFI) 86.67
Overbought
Moving Average Converg./Diverg. (MACD) 7.23 Bearish
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 52.45
Williams' Percentage Range (W%R) 3.00
Strong Overbought
Lane's Stochastic (%D-Slow) 86.42
Overbought
Greed/Fear Indicator (GFI) 80.16
Overbought
Moving Average Converg./Diverg. (MACD) -4.90
Trading Signals
Description Value Chart
Weekly Trendline Support 347.35
Weekly Trendline Resistance 347.12
Upper Bollinger Band 345.11
Price 343.52
Daily Stochastic Crossing 342.94
Weekly Stochastic Crossing 339.40
Parabolic System 338.51
20 Day Moving Average 332.66
Lower Bollinger Band 317.91
50 Day Moving Average 314.04
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 332.73
Low Date 11/17/2022
High 343.80
High Date 11/25/2022
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Support
Resistance 347.12
Support 347.35
Low 286.62
Low Date 10/13/2022
High 343.80
High Date 11/25/2022
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 343.09
High Date 08/16/2022
Low 286.62
Low Date 10/13/2022
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 369.50
High Date 01/05/2022
Low 286.62
Low Date 10/13/2022
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 64.78
Low Date 03/06/2009
High 369.50
High Date 01/05/2022
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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