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Uptrend Exhaustion

Uptrend Exhaustion 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. Stock market alert is a warning signal. Uptrend Exhaustion alert indicates that long term uptrend is exhausted and probability of long term trend reversal is high. Uptrend exhaustion stock market alert presents relatively low to medium risk - high reword stock pick for overvalued stocks.

The strategy is based on selling (or taking a short) position on anticipation of uptrend reversal.

Uptrend Exhaustion

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- 1/10/2025 -
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Equifax Inc. (EFX) Technical Analysis

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Summary:
Weekly :Williams' Percentage Range is oversoldBroken trend support line
Daily :Lane's Stochastic oversoldWilliams' Percentage Range is strongly oversold
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It was the negative week for the Equifax Inc. (EFX). During the week, the EFX dropped -9.00 points, or -3.55%, and closed at 244.40 on Friday, January 10, 2025. It was the worst weekly loss since November 15, 2024. Weekly volume was 20% above average.

Long-term trend: [See EFX long-term trend chart]
A long-term uptrend had started on October 30, 2023 at 159.95 and reached 309.63 on September 16, 2024. EFX gained -149.68 points, or -93.58%, in 46 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend support line (296.03) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. EFX may retest the broken support line. It is considered to be a resistance line now. 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 long-term trend.

Medium-term trend: [See EFX medium-term trend chart]
A medium-term downtrend had started on September 16, 2024 at 309.63 and reached 241.20 on November 19, 2024. EFX lost 68.43 points, or 22.10%, in 9 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 195.46 and resistance is at 271.86. A Broadening Descending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending Wedge pattern in a medium-term trend.

Weekly Technical Indicators: [See EFX weekly technical indicators chart]
Weekly Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with weekly strongly oversold 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 link to access Williams' Percentage Range help.

The weekly MACD line is below its signal line since October 11, 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 EFX short-term trend chart]
A short-term downtrend had started on December 18, 2024 at 279.10 and reached 242.00 on January 10, 2025. EFX lost 37.10 points, or 13.29%, in 23 days. The price is now at the 6.47% retracement level.

Daily Technical Indicators: [See EFX daily technical indicators chart]
Daily Lane's Stochastic is oversold while Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold daily Lane's Stochastic or strongly oversold daily Williams' Percentage Range. Use the following link to access Lane's Stochastic help.

The daily MACD line is below its signal line since December 19, 2024. This is an indication that the short-term trend is down.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 33.42
Williams' Percentage Range (W%R) 96.80
Strong Oversold
Lane's Stochastic (%D-Slow) 14.36
Oversold
Greed/Fear Indicator (GFI) 17.01
Oversold
Moving Average Converg./Diverg. (MACD) -3.11
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 28.61
Williams' Percentage Range (W%R) 97.10
Strong Oversold
Lane's Stochastic (%D-Slow) 37.38
Greed/Fear Indicator (GFI) 25.96
Moving Average Converg./Diverg. (MACD) 2.42
Trading Signals
Description Value Chart
Weekly Trendline Resistance 271.86
Upper Bollinger Band 270.87
50 Day Moving Average 260.00
Parabolic System 258.31
20 Day Moving Average 257.29
Weekly Stochastic Crossing 254.86
Price 244.40
Daily Stochastic Crossing 243.72
Lower Bollinger Band 239.14
Sector and Industry
Description Name Rank
Sector Industrials 6
Industry Research & Consulting Services 62
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 279.10
High Date 12/18/2024
Low 242.00
Low Date 01/10/2025
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Valid
Resistance 271.86
Support 195.46
High 309.63
High Date 09/16/2024
Low 241.20
Low Date 11/19/2024
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Support
Resistance 329.79
Support 296.03
Low 159.95
Low Date 10/30/2023
High 309.63
High Date 09/16/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 145.98
Low Date 10/21/2022
High 309.63
High Date 09/16/2024
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 19.38
Low Date 11/21/2008
High 309.63
High Date 09/16/2024
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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.