The Greedy Trader Weekly Analysis
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Daily Pattern:Symmetric Triangle
Number of records: 3
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Symmetric Triangle Chart Pattern Analysis - Symmetric Triangle Pattern.

A symmetric triangle pattern represents the area of indecision where the movement direction is questioned. Chart Pattern Analysis usually considers a symmetric triangle chart pattern as a continuation formation which resolves in the direction of a larger trend, but it may also mark the trend reversal. Volume diminishes during the formation and explodes at the breakout. After breakout (similar to rectangle), support may turn into potential resistance and vice versa.
Tips:
# 1 As a continuation pattern, the symmetric triangle usually appears within a young trend characterized by neutral long-term indicators and overbought/oversold short-term indicators. The symmetric triangle resets short-term indicators to neutral and then continues movement in parent's direction.
# 2 As a reversal formation, the symmetric triangle chart pattern appears in a mature trend characterized by overbought/oversold long-term and short-term indicators. This situation usually generates divergence on long-term indicators. For the best results, the symmetric triangle pattern should be considered together with other chart pattern analysis, technical analysis signals and technical trading techniques.
Estimated Target: the main trend support/resistance line.

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- 5/3/2024 -
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Digital Realty Trust (DLR) Technical Analysis

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Summary:
Weekly :Broken trend support lineBroken trend resistance line
Daily :Broken trend resistance lineThe price touches the upper Bollinger Band
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It was a second positive week after 3 consecutive negative weeks for the Digital Realty Trust (DLR). During the week, the DLR gained 4.17 points, or 2.92%, and closed at 147.00 on Friday, May 3, 2024. DLR was trading at average weekly trading volume.

Long-term trend: [See DLR long-term trend chart]
A long-term downtrend had started on December 31, 2021 at 178.22 and reached 85.76 on October 13, 2022. DLR lost 92.46 points, or 51.88%, in 40 weeks. The chart has formed a Descending Triangle chart pattern. The downtrend resistance line (87.21) 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 long-term trend.

Medium-term trend: [See DLR medium-term trend chart]
A medium-term uptrend had started on May 24, 2023 at 86.33 and reached 154.18 on March 5, 2024. DLR gained -67.85 points, or -78.59%, in 40 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend support line (149.25) 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 DLR weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is below its signal line since March 15, 2024. Use the following link to access a MACD help.

Short-term trend: [See DLR short-term trend chart]
A short-term downtrend had started on March 5, 2024 at 154.18 and reached 135.54 on April 16, 2024. DLR lost 18.64 points, or 12.09%, in 42 days. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (134.50) 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 short-term trend.

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

The daily MACD line is above its signal line since April 24, 2024.

The price touches the upper Bollinger Band. 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) 66.43
Williams' Percentage Range (W%R) 30.30
Lane's Stochastic (%D-Slow) 49.49
Greed/Fear Indicator (GFI) 61.86
Moving Average Converg./Diverg. (MACD) -0.52
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 52.95
Williams' Percentage Range (W%R) 28.70
Lane's Stochastic (%D-Slow) 36.18
Greed/Fear Indicator (GFI) 52.71
Moving Average Converg./Diverg. (MACD) 4.89
Trading Signals
Description Value Chart
Monthly Trendline Resistance 161.11
Monthly Trendline Support 149.25
Upper Bollinger Band 147.14
Price 147.00
Daily Stochastic Crossing 143.80
50 Day Moving Average 142.14
Weekly Trendline Resistance 141.95
Weekly Stochastic Crossing 141.73
20 Day Moving Average 140.31
Parabolic System 137.14
Weekly Trendline Support 134.50
Lower Bollinger Band 134.29
Sector and Industry
Description Name Rank
Sector Real Estate 5
Industry Specialized REITs 25
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 135.54
Low Date 04/16/2024
High 152.35
High Date 05/03/2024
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Broken Resistance
Resistance 141.95
Support 134.50
High 154.18
High Date 03/05/2024
Low 135.54
Low Date 04/16/2024
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Support
Resistance 161.11
Support 149.25
Low 86.33
Low Date 05/24/2023
High 154.18
High Date 03/05/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 85.76
Low Date 10/13/2022
High 154.18
High Date 03/05/2024
Description Value
Direction Down
Chart Pattern Descending Triangle
Status Broken Resistance
Resistance 58.26
Support 87.21
High 178.22
High Date 12/31/2021
Low 85.76
Low Date 10/13/2022
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.