The Greedy Trader Weekly Analysis
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Monthly Price vs. Trendline:Testing Resistance
Number of records: 3
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Trend Line Resistance Trend Line Support Resistance.

Trendline support resistance provides an excellent buy/sell signals in trending market. On an uptrend, buy around the support trend line level and place a stop order below the trend line support. Take profit on the trend line resistance level. Reverse the technique in a downtrend. Short around the resistance trend line level and place a stop order above the trend line resistance.

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- 4/26/2024 -
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DIAMONDS Trust, Series 1 (DIA) Technical Analysis

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Summary:
Weekly :
Daily :Stochastic signal line moved above oversold areaDaily  MACD line has moved above its signal lineThe price has risen above the Parabolic SAR
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It was a first positive week after 3 consecutive negative weeks for the DIAMONDS Trust, Series 1 (DIA). During the week, the DIA climbed 2.51 points, or 0.66%, and closed at 382.31 on Friday, April 26, 2024. Weekly volume was 13% above average.

Long-term trend: [See DIA long-term trend chart]
A long-term uptrend had started on October 13, 2022 at 286.62 and reached 398.82 on March 21, 2024. DIA gained -112.20 points, or -39.15%, in 75 weeks. The price is now at the 14.71% retracement level.

Medium-term trend: [See DIA medium-term trend chart]
A medium-term downtrend had started on March 21, 2024 at 398.82 and reached 376.14 on April 17, 2024. DIA lost 22.68 points, or 5.69%, in 3 weeks. The price is now at the 27.20% retracement level.

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

The weekly MACD line is below its signal line since April 5, 2024. This is an indication that the medium-term trend is down. 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 April 17, 2024 at 376.14 and reached 385.59 on April 23, 2024. DIA gained -9.45 points, or -2.51%, in 6 days. The price is now at the 34.71% retracement level.

Daily Technical Indicators: [See DIA daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish signal. 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 Lane's Stochastic help.

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) 37.00
Williams' Percentage Range (W%R) 79.00
Lane's Stochastic (%D-Slow) 71.14
Greed/Fear Indicator (GFI) 43.06
Moving Average Converg./Diverg. (MACD) -2.15
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 53.86
Williams' Percentage Range (W%R) 47.40
Lane's Stochastic (%D-Slow) 40.99
Greed/Fear Indicator (GFI) 48.00
Moving Average Converg./Diverg. (MACD) 10.70
Trading Signals
Description Value Chart
Upper Bollinger Band 394.38
50 Day Moving Average 387.98
20 Day Moving Average 384.27
Daily Stochastic Crossing 383.06
Weekly Stochastic Crossing 383.06
Price 382.31
Parabolic System 377.24
Lower Bollinger Band 373.83
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 376.14
Low Date 04/17/2024
High 385.59
High Date 04/23/2024
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 398.82
High Date 03/21/2024
Low 376.14
Low Date 04/17/2024
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 323.21
Low Date 10/27/2023
High 398.82
High Date 03/21/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 286.62
Low Date 10/13/2022
High 398.82
High Date 03/21/2024
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 64.78
Low Date 03/06/2009
High 398.82
High Date 03/21/2024
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.