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.

Archive
- 4/25/2025 -
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Darden Restaurants (DRI) Technical Analysis

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Summary:
Weekly :Oversold sectorBroken trend resistance lineTrend resistance at 204.90
Daily :Broken trend support lineDaily  MACD line has moved above its signal lineThe price is close to the moving average in the center of the Bollinger Bands
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It was the negative week for the Darden Restaurants (DRI). During the week, the DRI gave back -1.12 points, or -0.56%, and closed at 199.10 on Friday, April 25, 2025. Weekly volume was -24% below average.

DRI is a member of Consumer Discretionary Sector. Consumer Discretionary is the second 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 DRI long-term trend chart]
A long-term uptrend had started on November 21, 2008 at 13.21 and reached 211.00 on March 27, 2025. DRI gained -197.79 points, or -1497.27%, in 852 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The price is near the trend resistance line (204.90). 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 long-term trend.

Medium-term trend: [See DRI medium-term trend chart]
A medium-term uptrend had started on June 16, 2022 at 110.96 and reached 211.00 on March 27, 2025. DRI gained -100.04 points, or -90.16%, in 145 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend resistance line (148.51) 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 medium-term trend.

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

The weekly MACD line is below its signal line since April 4, 2025. The distance between MACD and the signal line is low, but getting bigger. Use the following link to access a MACD help.

Short-term trend: [See DRI short-term trend chart]
A short-term uptrend had started on April 7, 2025 at 181.00 and reached 206.97 on April 23, 2025. DRI gained -25.97 points, or -14.35%, in 16 days. The chart has formed a Rising Channel chart pattern. The uptrend support line (201.83) 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 short-term trend.

Daily Technical Indicators: [See DRI 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.

The price is close to the moving average in the center of the Bollinger Bands. 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) 57.63
Williams' Percentage Range (W%R) 38.60
Lane's Stochastic (%D-Slow) 68.68
Greed/Fear Indicator (GFI) 62.55
Moving Average Converg./Diverg. (MACD) 0.68
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 60.07
Williams' Percentage Range (W%R) 23.00
Lane's Stochastic (%D-Slow) 66.95
Greed/Fear Indicator (GFI) 65.15
Moving Average Converg./Diverg. (MACD) 9.07
Trading Signals
Description Value Chart
Monthly Trendline Resistance 219.05
Weekly Trendline Resistance 211.14
Upper Bollinger Band 210.84
Yearly Trendline Resistance 204.90
Daily Stochastic Crossing 203.05
Weekly Trendline Support 201.83
Price 199.10
20 Day Moving Average 199.08
Weekly Stochastic Crossing 199.08
50 Day Moving Average 196.76
Parabolic System 195.64
Lower Bollinger Band 186.46
Monthly Trendline Support 184.91
Quarterly Trendline Resistance 183.84
Sector and Industry
Description Name Rank
Sector Consumer Discretionary 2
Industry Restaurants 100
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 206.97
High Date 04/23/2025
Low 197.52
Low Date 04/24/2025
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Support
Resistance 211.14
Support 201.83
Low 181.00
Low Date 04/07/2025
High 206.97
High Date 04/23/2025
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 219.05
Support 184.91
Low 135.87
Low Date 07/11/2024
High 211.00
High Date 03/27/2025
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Resistance
Resistance 183.84
Support 148.51
Low 110.96
Low Date 06/16/2022
High 211.00
High Date 03/27/2025
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Test Resistance
Resistance 204.90
Support 135.23
Low 13.21
Low Date 11/21/2008
High 211.00
High Date 03/27/2025
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.